PENCD-CHI POLICE-INCREASE MIN
Summary
Amends the Chicago Police Article of the Illinois Pension Code. Increases the retirement formula. Bases the annuity on final salary (or salary during the last year of service, if greater), rather than on the average of the 4 highest years of service during the last 10. Increases the accrual rate from 2.5% to 5% of that salary for years in excess of 20. Increases the maximum annuity from 75% to 80% of that salary. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2009
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2009
Last action Jan 11, 2011
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
3
Jan 11, 2011
House · Failed
Session Sine Die
Mar 13, 2009
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 3, 2009
House · Referred to committee
Assigned to Executive Committee
Feb 26, 2009
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Michael P. McAuliffe
RRepublican
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