BRADLEY AND MCKEON.
PEN CD-CHGO POL-BRASS SALARY
Synopsis of Bill as introduced:
Amends the Chicago Police Article of the Pension Code to limit
the salary for pension purposes of persons first appointed to
non-civil service positions after December 31, 2000 to the highest
civil service captain's salary. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The estimated decrease in accrued liability due to HB 3377 is
$7.0 million. The decrease in normal cost is estimated to be
$0.2 million and decrease in the annual payment due to the
estimated reduction in accrued liability is $0.3 million. The
estimated reduction in annual cost in the first year due to
HB 3377 is $0.5 million, or 0.07% of payroll.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status