CAPPARELLI-MCAULIFFE-BURKE-ACEVEDO-BUGIELSKI AND SAVIANO.
PEN CD-CHGO POL-TAX MULTIPLIER
Synopsis of Bill as introduced:
Amends the Chicago Police Article of the Pension Code to increase
the multiplier used to calculate the maximum allowable pension tax,
from 2.00 to 2.26. Effective immediately.
Annual employer contributions would significantly increase.
Employer contributions were $112 M, with a property tax multi-
plier of 2.00; with a multiplier of 2.36, they would be $133 M.
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