HB 403

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

Pen Cd-Chgo Fire-Drop Plan

Abstract

Amends the Chicago Firefighter Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a fireman who is at least age 50 with 20 years of service may continue in active service for up to 3 years while having his or her retirement annuity paid into a special account, to be distributed to the fireman upon retirement. Bases the retirement annuity on the fireman's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Effective immediately.

Bill Sponsors (1)

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Jan 11, 2005

House

Session Sine Die

Mar 13, 2003

House

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

Feb 06, 2003

House

Added Co-Sponsor Rep. Lou Lang

House

Added Co-Sponsor Rep. Robert Rita

Feb 04, 2003

House

Assigned to Executive Committee

Jan 29, 2003

House

Co-Sponsor Rep. Maria Antonia Berrios

House

Co-Sponsor Rep. John A. Fritchey

House

Co-Sponsor Rep. Michael P. McAuliffe

House

Filed with the Clerk by Rep. Robert S. Molaro

House

First Reading

House

Referred to Rules Committee

House

Co-Sponsor Rep. Angelo Saviano

House

Chief Co-Sponsor Rep. Daniel J. Burke

House

Chief Co-Sponsor Rep. Ralph C. Capparelli

House

Chief Co-Sponsor Rep. Joseph M. Lyons

House

Chief Co-Sponsor Rep. Edward J. Acevedo

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