92nd General Assembly
Summary of HB4232
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
House Sponsors:

Short description: 
PENCD-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 (Illinois Pension Laws Commission)                      
          The fiscal impact of HB 4232 has not been determined. Accord-        
          ing to the Fund, the fiscal impact of HB 4232 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


 Full Text  Bill Status