92nd General Assembly
Status of HB4061
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 Full Text  Bill Summary

   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, 2002 to the highest      
   civil service captain's salary.  Effective immediately.                     
          PENSION NOTE (Illinois Pension Laws Commission)                      
          Based on 12/31/98 membership data, the estimated decrease in         
          accrued liability due to HB 4061 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 accrued         
          liability is $0.3 million. Therefore, the estimated reduction        
          in annual cost in the 1st year due to HB 4061 is $0.5 million,       
          or 0.07% of payroll.                                                 
   JAN-29-2002  H  FILED WITH CLERK                                               
   JAN-29-2002  H  ADDED AS A JOINT SPONSOR                 CAPPARELLI            
   JAN-29-2002  H  ADDED AS A JOINT SPONSOR                 MCAULIFFE             
   JAN-29-2002  H  ADDED AS A JOINT SPONSOR                 LYONS,JOSEPH          
   JAN-29-2002  H  ADDED AS A JOINT SPONSOR                 BUGIELSKI             
   JAN-29-2002  H  FIRST READING                                                  
   JAN-29-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-15-2002  H                        PENSION NOTE FILED                       
   FEB-15-2002  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary