90th General Assembly
Summary of SB1481
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Senate Sponsors:

Short description: 
PEN CD-DNST POL-FORMULA INCR                                               

Synopsis of Bill as introduced:
        Amends the Downstate Police Article of the Illinois Pension Code.      
   Increases the retirement formula from 2% to 2.5% of  salary  for  each      
   year  of  service  over  20.  Raises the employee contribution rate by      
   0.5%  of  salary.    Amends  the  State  Mandates   Act   to   require      
   implementation without reimbursement.  Effective immediately.               
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


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