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<xml>
<title>Illinois General Assembly - Bill Status for HB 387    </title>
<shortdesc>PENCD-CHGO FIRE-MANDATORY RET</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Richard T. Bradley-Joseph M. Lyons-Ralph C. Capparelli-Robert S. Molaro-Daniel J. Burke, Edward J. Acevedo, Maria Antonia Berrios, Michael P. McAuliffe, Angelo Saviano and Kevin A. McCarthy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/6-124.1 new</reference><aliasreference></aliasreference><reference>30 ILCS 805/8.27 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides a new retirement annuity formula for persons who are required to withdraw from service with at least 10 but less than 20 years of service credit due to reaching mandatory retirement age; also makes them eligible for the automatic annual increase. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Pension Laws Commission)</synopsistitle>
<SynopsisText>The fiscal impact of HB 387 has not been determined. According to the Fund, the fiscal impact is expected to be minor, as the number of members who are required to retire at age 63 with less than 20 years of service is small.</SynopsisText></synopsis>
<actions>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Richard T. Bradley</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Joseph M. Lyons</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Ralph C. Capparelli</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Robert S. Molaro</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Daniel J. Burke</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Edward J. Acevedo</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Maria Antonia Berrios</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Michael P. McAuliffe</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Angelo Saviano</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/29/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/4/2003</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>2/20/2003</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/1/2003</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kevin A. McCarthy</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

