CAPPARELLI-BUGIELSKI-BURKE-SANTIAGO-LOPEZ AND LYONS,JOSEPH.
PEN CD-CHGO FIRE-SALARY
Synopsis of Bill as introduced:
Amends the Chicago Firefighter Article of the Pension Code to
base the regular retirement annuity on the average salary for the
highest 3 (rather than 4) years within the last 10 years of service.
Also makes technical changes. Amends the State Mandates Act to
require implementation without reimbursement. Effective immediately.
Increase in accrued liability $35.3 M
Increase in total annual cost $ 4.9 M
Increase in total annual cost as % of payroll 2.17%
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
Full Text Bill Status