91st General Assembly
Summary of HB2963
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House Sponsors:

Short description: 
PEN CD-DNST POL-BENEFIT INCR                                               

Synopsis of Bill as introduced:
        Amends the Downstate Police 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.    Allows  police officers to obtain      
   service credit for a period of up to 3 years spent on duty or  nonduty      
   disability;  requires a return to service for an equivalent period and      
   payment of employee contributions before retirement.    Provides  duty      
   disability  benefits  for  an  officer  who  becomes disabled due to a      
   duty-related  stroke.    Provides  for  calculation  of  the   initial      
   automatic  annual  increase in retirement pension on a monthly (rather      
   than annual) basis.  Raises certain disability pensions to the  amount      
   of the retirement pension that the police officer would be eligible to      
   receive  if  he  or  she  retired. Increases the employee contribution      
   rate.  Amends the State Mandates Act to require implementation without      
   reimbursement.  Effective immediately.                                      
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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