92nd General Assembly
Status of SB1590
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 Full Text  Bill Summary
RADOGNO.

   40 ILCS 5/5-114           from Ch. 108 1/2, par. 5-114                      
   30 ILCS 805/8.26 new                                                        

        Amends the Chicago Police Article of the Illinois Pension Code to      
   allow overtime pay to be included in the  calculation  of  salary  for      
   pension   purposes.    Amends   the  State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 1590 has not been calculated, but could      
          be significant. Additional employer contributions would be           
          required, as employer contributions to the Chicago Police            
          Pension Fund are based on employee contributions from two years      
          prior. SB 1590 increases employee contributions beginning            
          January 1, 2003.                                                     
   JAN-29-2002  S  FIRST READING                                                  
   JAN-29-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-15-2002  S                        PENSION NOTE FILED AS INTRODUCED         
   FEB-15-2002  S                   COMMITTEE               RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary