SB 1741

  • Illinois Senate Bill
  • 96th 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 12, 2011

Senate

Session Sine Die

Mar 13, 2009

Senate

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

Mar 04, 2009

Senate

Assigned to Pensions and Investments

Feb 19, 2009

Senate

Filed with Secretary by Sen. James A. DeLeo

Senate

First Reading

Senate

Referred to Assignments

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