90th General Assembly Summary of HB2829    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
CAPPARELLI.

Short description: 
PEN CD-CHGO FIRE-INCR RETMT                                                

Synopsis of Bill as introduced:
        Amends the Chicago  Firefighter  Article  of  the  Pension  Code.      
   Beginning January 1, 1997, increases the minimum retirement annuity to      
   $1000  per  month  for  persons  who retire at age 50 with at least 20      
   years  of  service.    Amends  the  State  Mandates  Act  to   require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE                                                         
          Estimated increase in total annual cost is $775,000, or 0.33%        
          of payroll; annual cost will as payroll grows.                       
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

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


   END OF INQUIRY 


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