90th General Assembly
Summary of HB2603
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House Sponsors:

Short description: 
PEN CD-CHGO POL-DUTY DISAB                                                 

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the Pension Code to increase      
   the duty disability benefit to 75% of the current salary attached from      
   time to time to the rank held by the policeman at the time of  removal      
   from  the police department payroll.  Amends the State Mandates Act to      
   require implementation without reimbursement.  Effective immediately.       
          PENSION NOTE                                                         
          Estimated increase in accrued liability is $24.8 M; increase in      
          normal cost is $720,000, and payment over 40 years is $1.2 M.        
          Estimated first year cost is $1.9 M, 0.29% of payroll. Annual        
          cost will increase commensurate with payroll.                        
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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