HB 5644

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Art 3&4 Amortization

Abstract

Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Authorizes the corporate authorities of a participating municipality to elect, by a duly authorized resolution or ordinance, to calculate actuarial liabilities using a 30-year rolling amortization period.

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Jan 08, 2013

House

Session Sine Die

Feb 15, 2012

House

Filed with the Clerk by Rep. David R. Leitch

House

First Reading

House

Referred to Rules Committee

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