PEN CD-CHGO POL-INCR RETMT-80%
Summary
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.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2003
Committee Review
Floor Vote
Governor
Introduced Feb 28, 2003
Last action Jan 11, 2005
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
15
Key actions
0
Committee
5
Jan 11, 2005
Senate · Failed
Session Sine Die
Jul 1, 2003
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Rules
May 21, 2003
Senate · Introduced
Pension Note Filed As Introduced - Revised
Mar 13, 2003
Senate · Reported by committee
Do Pass Insurance & Pensions; 006-004-000
Mar 5, 2003
Senate · Reported by committee
To Subcommittee
Feb 28, 2003
Senate · Introduced
Pension Note Filed As Introduced
Feb 26, 2003
Senate · Referred to committee
Assigned to Insurance & Pensions
Feb 19, 2003
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
James A. DeLeo
DDemocratic
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