MCAULIFFE-CAPPARELLI-BUGIELSKI-SAVIANO-LYONS,JOSEPH. 40 ILCS 5/5-114 from Ch. 108 1/2, par. 5-114 Amends the Chicago Police Article of the Illinois Pension Code to limit the salary for pension purposes of persons first appointed to non-civil service positions after December 31, 2001 to the highest civil service captain's salary. Effective immediately. PENSION NOTE (Pension Laws Commission) According to an analysis prepared by the Fund's actuary (based on 12/31/98 membership data), the estimated decrease in accrued liability due to HB 1877 is $7.0 million. The decrease in normal cost is estimated to be $0.2 million and decrease in the annual payment due to the estimated reduction in the accrued liability is $0.3 million. Therefore, the estimated reduction in annual cost in the first year due to HB1877 is $0.5 million, or 0.07% of payroll. As payroll grows, the annual savings will increase commensurate with payroll. FEB-16-2001 H FILED WITH CLERK FEB-16-2001 H ADDED AS A JOINT SPONSOR CAPPARELLI FEB-16-2001 H ADDED AS A JOINT SPONSOR BUGIELSKI FEB-16-2001 H ADDED AS A JOINT SPONSOR SAVIANO FEB-16-2001 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH FEB-16-2001 H FIRST READING FEB-16-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-21-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL MAR-30-2001 H PENSION NOTE FILED MAR-30-2001 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary