House Sponsors: SMITH,MICHAEL-FRANKS-GRANBERG, FOWLER AND BOLAND. Short description: PEN CD-DNST POL-RETMT INCR Synopsis of Bill as introduced: Amends the Downstate Police 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) Increase in accrued liability $73.7 million Increase in total annual costs (1.47% of payroll) $ 7.7 million Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status