91st General Assembly Summary of HB4192    [ Home ]   [ Back ]   [ Legislation ]

Legislation:   Please enter a bill number.

House Sponsors:
MADIGAN,MJ.

Short description: 
PEN CD-CHICAGO FUNDS-INCREASES                                             

Synopsis of Bill as introduced:
        Amends the Chicago Police, Municipal, and  Laborers  Articles  of      
   the   Illinois   Pension  Code  to  make  numerous  changes  affecting      
   eligibility, benefits, and administration of  benefits.    Amends  the      
   State  Mandates  Act  to require implementation without reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
           Chicago Police Pension Fund                                         
            Increase in accrued liability                  $128.2 million      
            Increase in total annual cost                     9.2 million      
           Chicago Municipal Employees' Pension Fund                           
            Increase in accrued liability                  $258.0 million      
            Increase in total annual cost                    31.0 million      
           Chicago Laborers' Pension Fund                                      
            Increase in accrued liability                  $ 48.0 million      
            Increase in total annual cost                     5.8 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


   END OF INQUIRY 


 Full Text  Bill Status