SMITH,MICHAEL, FOWLER AND BOLAND. 40 ILCS 5/3-111.2 new 30 ILCS 805/8.23 new Amends the Downstate Police Article of the Pension Code to provide early retirement incentives. Applies to certain persons applying for retirement in the year 2000. Grants up to 5 years of creditable service and 5 years of age enhancement. Requires an employer contribution and an employee contribution. Accelerates the automatic annual increase. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Fiscal impact is uncertain; based on 30% utilization: Increase in accrued liability $20.7 million Increase in total annual costs (0.20% of payroll) $ 1.0 million 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-09 H PENSION NOTE FILED 99-03-09 H COMMITTEE RULES 00-02-23 H ADDED AS A CO-SPONSOR FOWLER 00-02-23 H ADDED AS A CO-SPONSOR BOLAND 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary