PENCD-DNST POL-DISABILITY BNFT Senate SponsorsSen. Chris Lauzen 1/11/2005SenateSession Sine Die 40 ILCS 5/3-111.1from Ch. 108 1/2, par. 3-111.140 ILCS 5/3-116.1from Ch. 108 1/2, par. 3-116.130 ILCS 805/8.27 newAmends the Downstate Police Article of the Illinois Pension Code. Accelerates the annual increases for certain persons receiving a duty disability pension. Provides an enhanced formula for certain persons receiving a duty disability pension who elect to convert to a retirement pension. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Pension Laws Commission) Based on 1996 membership data for all Downstate Police pension funds provided by the Department of Insurance, the Commission's actuary estimates that the acceleration of the automatic increase in duty disability pensions contained in SB 1768 would increase the accrued liability of the funds by $38.6 million. The estimated increase in total annual costs is $4.8 million, or 0.95% of payroll. The annual cost will vary by employer and would increase commensurate with payroll. 2/20/2003SenateFiled with Secretary by Sen. Chris Lauzen 2/20/2003SenateFirst Reading 2/20/2003SenateReferred to Rules 3/5/2003SenateAssigned to Insurance & Pensions 3/13/2003SenateDo Pass Insurance & Pensions; 010-000-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 3/25/2003SenatePension Note Filed As Introduced 4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 1/11/2005SenateSession Sine Die