92nd General Assembly
Status of HB4254
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 Full Text  Bill Summary

   40 ILCS 5/6-106.2 new                                                       
   40 ILCS 5/6-127.1 new                                                       
   40 ILCS 5/6-128           from Ch. 108 1/2, par. 6-128                      
   40 ILCS 5/6-164           from Ch. 108 1/2, par. 6-164                      
   30 ILCS 805/8.26 new                                                        

        Amends the Chicago Firefighter Article of the Illinois Pension         
   Code. Provides for a Deferred Retirement Option Plan, under which a         
   fireman who is at least age 50 with 20 years of service may continue        
   in active service for up to 3 years while having his or her retirement      
   annuity paid into a special account, to be distributed to the fireman       
   upon retirement. Bases the retirement annuity on the fireman's service      
   and salary at the time of joining the DROP plan. Requires termination       
   of service at the end of the DROP plan participation period. Effective      
          PENSION NOTE (Illinois Pension Laws Commission)                      
          There may be a fiscal impact associated with the DROP plan           
          contained in HB 4254, but it has not been determined.                
   JAN-30-2002  H  FILED WITH CLERK                                               
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 BUGIELSKI             
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 CAPPARELLI            
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 BURKE                 
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 LYONS,JOSEPH          
   JAN-30-2002  H  FIRST READING                                                  
   JAN-30-2002  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