Illinois General Assembly - Bill Status for HB1544
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 Bill Status of HB1544  93rd General Assembly

Short Description:  PEN CD-SURS-POLICE FORMULA

House Sponsors
Rep. Michael K. Smith

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/15-136from Ch. 108 1/2, par. 15-136
40 ILCS 5/15-157from Ch. 108 1/2, par. 15-157


Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Increases the retirement formula for a participant who has 20 or more years of service as a police officer or firefighter. Also increases the employee contributions for participants who are police officers or firefighters by a total of 3% of earnings, in 3 annual increments. Effective immediately.

 Pension Note (Pension Laws Commission)
 The fiscal impact of HB 1544 has not been calculated. The System estimates approximately 500 people would be affected.

Actions 
DateChamber Action
  2/7/2003HouseFiled with the Clerk by Rep. Michael K. Smith
  2/10/2003HouseFirst Reading
  2/10/2003HouseReferred to Rules Committee
  2/11/2003HouseAssigned to Executive Committee
  2/20/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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