SB 1198

  • Illinois Senate Bill
  • 95th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • 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 13, 2009

Senate

Session Sine Die

Mar 16, 2007

Senate

Rule 3-9(a) / Re-referred to Rules

Feb 21, 2007

Senate

Assigned to Pensions and Investments

Feb 08, 2007

Senate

Filed with Secretary by Sen. James A. DeLeo

Senate

First Reading

Senate

Referred to Rules

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