91st General Assembly
Summary of HB2620
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House Sponsors:

Short description: 
PEN CD-DNST POL-SURV 3% INCR                                               

Synopsis of Bill as introduced:
        Amends the Downstate Firefighter Article of the Illinois Pension       
   Code. Provides a compounded 3% annual increase in surviving spouse and      
   child pensions. Amends the State Mandates Act to require implementa-        
   tion without reimbursement. Effective immediately.                          
          PENSION NOTE (Pension Laws Commission)                               
          Increase in accrued liability                    $175.1 million      
          Increase in total annual cost (5.06% of payroll) $ 17.8 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


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