91st General Assembly
Summary of SB1464
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Senate Sponsors:
RADOGNO.

Short description: 
PEN CD-CHGO POL-BRASS SALARY                                               

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the Pension  Code  to  limit      
   the  salary  for  pension  purposes  of  persons  first  appointed  to      
   non-civil  service  positions  after  December 31, 2000 to the highest      
   civil service captain's salary.  Effective immediately.                     
          PENSION NOTE (Pension Laws Commission)                               
           Decrease in accrued liability                    $ 7.0 million      
           Decrease in normal cost                          $ 0.2 million      
           Decrease in annual amortization payment          $ 0.3 million      
           Reduction in 1st year cost (.07% of payroll)     $ 0.5 million      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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