91st General Assembly
Summary of HB0266
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House Sponsors:
SMITH,MICHAEL AND BOLAND.

Short description: 
PEN CD-DNST POL-3% SURVIVORS                                               

Synopsis of Bill as introduced:
        Amends the Downstate  Police  article  of  the  Pension  Code  to      
   provide  a compounded 3% annual increase in survivor pensions.  Amends      
   the   State   Mandates   Act   to   require   implementation   without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          Increase in accrued liability                    $193.0 million      
          Increase in total annual cost (3.45% of payroll) $ 17.5 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 



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