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 2009
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2009
Last action Jan 12, 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 12, 2011
Senate · Failed
Session Sine Die
Mar 13, 2009
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 4, 2009
Senate · Referred to committee
Assigned to Pensions and Investments
Feb 19, 2009
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
James A. DeLeo
DDemocratic
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