91st General Assembly
Status of SB0067
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RADOGNO.

   40 ILCS 5/5-168           from Ch. 108 1/2, par. 5-168                      

        Amends the Chicago Police Article of the Pension Code to increase      
   the multiplier used to calculate the maximum  allowable  pension  tax,      
   from 2.00 to 2.26.  Effective immediately.                                  
          PENSION NOTE (Ill. Pension Laws Commission)                          
          SB 67 would significantly increase annual employer contribu-         
          tions. In FY97, employer contributions totaled $109 million          
          with a tax multiplier of 2.00. A tax multiplier of 2.26 would        
          generate employer contributions of $123 million.                     
   99-01-27  S  FIRST READING                                                  
   99-01-27  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-01-27  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   99-02-09  S                        PENSION NOTE FILED                       
   99-02-24  S       TO SUBCOMMITTEE                                           
   99-02-24  S                   COMMITTEE               INS & PENS.           
   99-03-20  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary