91st General Assembly
Status of SB1468
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
RADOGNO.

   40 ILCS 5/5-154           from Ch. 108 1/2, par. 5-154                      
   30 ILCS 805/8.24 new                                                        

        Amends the Chicago Police Article of the Pension Code to increase      
   the duty disability benefit to 75% of the current salary attached from      
   time to time to the rank held by the policeman at the time of  removal      
   from  the police department payroll.  Amends the State Mandates Act to      
   require implementation without reimbursement.  Effective immediately.       
          PENSION NOTE (Pension Laws Commission)                               
           Increase in accrued liability                   $ 38.2 million      
           Increase in normal cost                         $  1.7 million      
           Annual amortization payment over 40 yrs.        $  1.9 million      
           Estimated 1st year cost (0.49% of payroll)      $  3.6 million      
   00-01-26  S  FIRST READING                                                  
   00-01-26  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   00-01-31  S                        PENSION NOTE FILED                       
   00-01-31  S                   COMMITTEE               RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary