91st General Assembly
Summary of HB3124
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House Sponsors:
BURKE.

Short description: 
PEN CD-CHGO FIRE-PARAMEDICS                                                

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter and Municipal Employee Articles of      
   the Pension Code to require the  Chicago  municipal  pension  fund  to      
   transfer   to  the  Chicago  firefighter  pension  fund  certain  city      
   contributions relating to paramedics.  Amends the State  Mandates  Act      
   to   require   implementation   without   reimbursement.     Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          HB 3124 would decrease the unfunded liability of the Chicago         
          Firefighters' Fund by an estimated $16.0 million, which matches      
          an amount that would be transferred from the Chicago Municipal       
          Fund, based on the contributions of 380 paramedics who took          
          refunds from the Chicago Municipal Fund in 1984, and who are         
          currently participating in the Chicago Firefighters' Fund. The       
          unfunded liability of the Chicago Municipal Fund would increase      
          by the same amount.                                                  
 
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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 Full Text  Bill Status