HB 3227

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

Pen Cd-Chgo Pol-Incr Retmt-80%

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 the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill Sponsors (1)

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Jan 11, 2005

House

Session Sine Die

Nov 05, 2003

House

Added Co-Sponsor Rep. Kevin Joyce

May 19, 2003

House

Pension Note Filed revised

Mar 13, 2003

House

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

Mar 11, 2003

House

Pension Note Filed

Feb 28, 2003

House

Assigned to Executive Committee

Feb 27, 2003

House

Filed with the Clerk by Rep. Joseph M. Lyons

House

Referred to Rules Committee

House

Chief Co-Sponsor Rep. Richard T. Bradley

House

Chief Co-Sponsor Rep. Daniel J. Burke

House

Chief Co-Sponsor Rep. Ralph C. Capparelli

House

Chief Co-Sponsor Rep. Maria Antonia Berrios

House

First Reading

Bill Text

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