PEN CD-CHGO PARK-ANNUAL INCR
Synopsis of Bill as introduced:
Amends the Chicago Park District Article of the Pension Code.
Accelerates the automatic annual increase for persons with at least 30
years of service who retire on or after January 1, 1993. Amends the
State Mandates Act to require implementation without reimbursement.
Increase in accrued liability $3.7 M
Increase in total annual cost $222,000
Increase in total annual cost as % of payroll 0.18%
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
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