HB 3646

Abstract

Amends the Chicago Municipal Article of the Illinois Pension Code. In a provision authorizing certain employees to make a contribution and receive service credit for service with the Chicago Transit Authority or its predecessor, provides that the contribution shall be based on the assumption that the employee's salary throughout all of his or her service with the Chicago Transit Authority or its predecessor was at the rate of the employee's salary at the later of the date of his or her entrance or reentrance into the service as a municipal employee, as applicable (instead of at the date of his or her entrance into the service as a municipal employee). Amends the State Mandates Act to require implementation without reimbursement.