HB 1494

  • Illinois House Bill
  • 94th 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.

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Jan 09, 2007

House

Session Sine Die

Mar 10, 2005

House

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

Feb 16, 2005

House

Assigned to Executive Committee

Feb 10, 2005

House

Filed with the Clerk by Rep. Kevin Joyce

House

First Reading

House

Referred to Rules Committee

Bill Text

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