BUGIELSKI-CAPPARELLI-BURKE-LOPEZ-MCAULIFFE AND SANTIAGO.
PEN CD-CHGO POL-WIDOW INCREASE
Synopsis of Bill as introduced:
Amends the Chicago Police Article of the Illinois Pension Code.
Provides a compounded 3% annual increase in surviving spouse
annuities. Amends the State Mandates Act to require implementation
without reimbursement. Effective immediately.
Estimated increase in accrued liabilities for a non-compounded
annual increase is $68.5 M. First year cost is $3.3 M, 0.5% of
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