MADIGAN,R-SHADID-RADOGNO, MYERS,J AND MOLARO.
Synopsis of Bill as introduced:
Amends the Illinois Pension Code. Makes a technical correction
in a reference to the Illinois Law Enforcement Training Standards
Board. Effective immediately.
PENSION NOTE (Pension Laws Commission)
SB 856 would not have a fiscal impact on any public pension
fund or retirement system in the State of Ill.
HOUSE AMENDMENT NO. 1.
Deletes reference to:
40 ILCS 5/14-110 from Ch. 108 1/2, par. 14-110
Adds reference to:
40 ILCS 5/3-113.1 new
40 ILCS 5/4-108 from Ch. 108 1/2, par. 4-108
40 ILCS 5/4-109 from Ch. 108 1/2, par. 4-109
40 ILCS 5/4-109.1 from Ch. 108 1/2, par. 4-109.1
40 ILCS 5/4-109.2 from Ch. 108 1/2, par. 4-109.2
40 ILCS 5/4-110 from Ch. 108 1/2, par. 4-110
40 ILCS 5/4-110.1 from Ch. 108 1/2, par. 4-110.1
40 ILCS 5/4-114 from Ch. 108 1/2, par. 4-114
40 ILCS 5/4-118.1 from Ch. 108 1/2, par. 4-118.1
30 ILCS 805/8.23 new
Deletes everything. Amends the Downstate Police Article of the
Illinois Pension Code. Incrementally increases the minimum
disability, survivor, and retirement pensions to $1000 per month.
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. Increases the required employee
contribution by a total of 0.205% of salary. Allows firefighters to
obtain service credit for a period of up to 3 years spent on duty or
occupational disability; requires a return to service for an
equivalent period and payment of employee contributions before
retirement. With respect to occupational disability caused by certain
cancers, provides that the cancer must (and is rebuttably presumed to)
arise as a result of employment as a firefighter. Provides for
calculation of the initial automatic annual increase in retirement
pension on a monthly (rather than annual) basis. Incrementally
increases the minimum disability, survivor, and retirement pension to
$1000 per month. Increases the duty disability and occupational
disability benefit to not less than 100% of the retirement pension for
which the firefighter is eligible. Provides that the pension of the
surviving spouse of a firefighter who dies in the line of duty after
1993 shall not be less than 100% of the salary attached to the rank
held by the deceased firefighter on the last day of service. Provides
an occupational disability benefit for stroke. Amends the State
Mandates Act to require implementation without reimbursement.
PENSION NOTE, H-AM 1 (Pension Laws Commission)
Estimated increase in accrued liability of all Downstate Fire-
fighters' Pension Funds is $59.5 million; increase in annual
cost is $5.3 million (1.51% of payroll). Increase in employee
contributions, 0.205% of salary; in employer cost, 1.305%
of payroll. Estimated increase in accrued liability of Down-
state Police Pension Fund is $20.1 million; increase in total
annual cost, $1.0 million (0.19% of payroll).
Last action on Bill: PUBLIC ACT.............................. 91-0466
Last action date: 99-08-06
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status