91st General Assembly
Status of HB2622
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
ZICKUS.

   40 ILCS 5/4-109           from Ch. 108 1/2, par. 4-109                      
   30 ILCS 805/8.23 new                                                        

        Amends the Downstate Firefighter Article of the Illinois Pension       
   Code. Increases the retirement formula from 2.0% to 2.5% of salary for      
   each year of service over 20. Amends the State Mandates Act to require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          The estimated increase in accrued liability of all Downstate         
          Firefighters' Pension Funds is $36.8 million. The increase in        
          annual cost is estimated to be $3.8 million, or 1.09% of pay-        
          roll.                                                                
   99-02-22  H  FILED WITH CLERK                                               
   99-02-22  H  FIRST READING                                                  
   99-02-22  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-24  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   99-03-05  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-03-09  H                        PENSION NOTE FILED                       
   99-03-09  H                   COMMITTEE               RULES                 
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary