92nd General Assembly
Summary of HB4063
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Short description: 
PEN CD-CHI POL-SALARY-OVERTIME                                             

Synopsis of Bill as introduced:
        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 HB 4063 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. HB 4063 increases employee contributions beginning            
          January 1, 2003.                                                     
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


 Full Text  Bill Status