91st General Assembly
Summary of HB4083
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House Sponsors:

Short description: 
PEN CD-IMRF-SLEPS-COMPOUND 3%                                              

Synopsis of Bill as introduced:
        Amends the IMRF Article of the Illinois Pension Code.   Compounds      
   the  annual  increase  in  retirement annuity for annuities calculated      
   under the special formula  for  sheriff's  law  enforcement  employees      
   (SLEPs).    Amends  the  State  Mandates Act to require implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 4083 has not been determined, but could      
          be substantial for SLEP employers. The supplemental benefit          
          payment (13th check) will continue for SLEP employees, in            
          addition to the compounded annual increase for the retirement        
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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