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
END OF INQUIRY
Full Text Bill Summary