House Sponsors: SMITH,MICHAEL-BOST AND JOHNSON,TIM. Short description: PEN CD-DNST FIRE-INCR FORMULA Synopsis of Bill as introduced: Amends the Downstate Firefighter Article of the Illinois Pension Code. Increases the pension formula from 2% to 2.5% of salary for the 21st through 30th year of service. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $ 36.8 million Increase in total annual cost (1.09% of payroll) $ 3.8 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