House Sponsors: SMITH,MICHAEL-MCGUIRE-MOFFITT-BOLAND. Short description: PEN CD-DNST FIRE-INCR MINIMUMS Synopsis of Bill as introduced: Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides for a 3% annual increase in certain minimum retirement, disability, and surviving spouse pensions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) Based on membership data for all downstate Firefighters' pen- sion funds provided by the Department of Insurance, the Commission's actuary estimates that HB199 would increase the accrued liability of the funds by $33.2 million. The estimated increase in total annual costs is 0.86% of payroll, or $3.2 million. The annual cost would increase commensurate with payroll. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status