92nd General Assembly
Status of HB0516
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 Full Text  Bill Summary

   40 ILCS 5/4-109.1         from Ch. 108 1/2, par. 4-109.1                    
   30 ILCS 805/8.25 new                                                        

        Amends the Downstate Firefighter Article of the Illinois  Pension      
   Code.  Provides for a 3% annual increase in surviving spouse pensions.      
   Amends  the  State  Mandates  Act  to  require  implementation without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          HB 516 would increase the accrued liability of the Downstate         
          Firefighters' pension funds by $244.7 million. The resulting         
          increase in total annual cost is estimated to be $16.7 million,      
          or 4.57% of payroll. The increase in accrued liability and           
          annual cost would vary by individual fund and would increase         
          commensurate with payroll.                                           
   JAN-31-2001  H  FILED WITH CLERK                                               
   FEB-05-2001  H  FIRST READING                                                  
   FEB-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-06-2001  H  ADDED AS A JOINT SPONSOR                 MCKEON                
   FEB-07-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   FEB-27-2001  H                        PENSION NOTE FILED                       
   FEB-27-2001  H                   COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary