HB 1363

  • Illinois House Bill
  • 93rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Chgo Pol-Retmt-80% Max

Abstract

Amends the Chicago Police Article of the Illinois Pension Code to provide an increase in the retirement benefit formula. Changes the maximum annuity from 75% to 80% of average salary. Provides for 2.5% (rather than 2%) of average salary for each year of service beyond 20. Applies to persons withdrawing from service after December 31, 2003. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill Sponsors (1)

Votes


No votes to display

Actions


Jan 11, 2005

House

Session Sine Die

May 19, 2003

House

Pension Note Filed revised

Mar 13, 2003

House

Rule 19(a) / Re-referred to Rules Committee

Feb 20, 2003

House

Pension Note Filed

Feb 11, 2003

House

Assigned to Executive Committee

Feb 06, 2003

House

Filed with the Clerk by Rep. Robert S. Molaro

House

Referred to Rules Committee

House

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.