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
Mar 2005
Committee Review
Floor Vote
Governor
Introduced Mar 11, 2005
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
0
Committee
3
Jan 9, 2007
Senate · Failed
Session Sine Die
Mar 18, 2005
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Rules
Feb 17, 2005
Senate · Referred to committee
Assigned to Pensions & Investments
Feb 15, 2005
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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