House Sponsors: BUGIELSKI-CAPPARELLI-MCAULIFFE-BURKE-LYONS,JOSEPH, LOPEZ AND ACEVEDO. Short description: PEN CD-CHGO POL-TAX MULTIPLIER Synopsis of Bill as introduced: Amends the Chicago Police Article of the Illinois Pension Code to increase the multiplier used to calculate the maximum allowable pension tax from 2.00 to 2.26. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 209 would significantly increase the annual employer contri- butions to the Fund. In FY 1997, the City of Chicago made em- ployer contributions of approximately $109 million, using a property tax multiplier of 2.00. If a property tax multiplier of 2.26 had been in effect that year, the employer contribution tions generated by the tax levy would have totaled approximate- ly $123 million. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status