PENCD-CHI-POLICE-INCREASE MIN
Summary
Amends the Chicago Police Article of the Illinois Pension Code to base benefits on the salary on the last day of service or during the last year of service, whichever is greater, rather than on the average of the 4 highest years of service during the last 10 for persons retiring after December 31, 2004. Increases the maximum pension for persons who retire after December 31, 2004 from 75% to 80% of salary. Amends the State Mandates Act to require implementations without reimbursement. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2004
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2004
Last action Jan 11, 2005
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
1
Feb 6, 2004
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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