PEN CD-IMRF-INCR SLEP BENEFITS
Synopsis of Bill as introduced:
Amends the IMRF Article of the Illinois Pension Code to increase
certain benefits for sheriff's law enforcement employees (SLEPs),
beginning January 1, 2001; bases the retirement annuity on the rate of
earnings on the last day of SLEP service; provides for a duty
disability benefit of 65% of salary; and increases the surviving
spouse benefit to 100% of the deceased employee's retirement annuity.
Also increases the employee contribution for SLEP service by 2.5% of
salary. Amends the State Mandates Act to require implementation
without reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of HB 4134 has not been determined. The
employee contribution for SLEP employees is increased by 2.5%,
bringing the total SLEP employee contribution rate to 9% of
salary. This would offset a portion of the employers' cost
resulting from the SLEP benefit increases.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status