92nd General Assembly
Summary of HB1872
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House Sponsors:

Short description: 
PEN CD-CHGO FIRE-MANDATORY RET                                             

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter Article of  the  Illinois  Pension      
   Code.    Provides a new retirement annuity formula for persons who are      
   required to withdraw from service with at least 10 but  less  than  20      
   years of service credit due to reaching mandatory retirement age; also      
   makes  them  eligible  for  the automatic annual increase.  Amends the      
   State Mandates Act to require  implementation  without  reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 1872 has not been determined. According      
          to the Fund, the fiscal impact is expected to be minor, as the       
          number of members who are required to retire at age 63 with          
          less than 20 years of service is small.                              
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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