40 ILCS 5/5-129.1 new
30 ILCS 805/8.25 new
Amends the Chicago Police Article of the Illinois Pension Code to
provide a new retirement benefit formula for persons who are required
to withdraw from service with less than 20 years of service due to
reaching mandatory retirement age. Amends the State Mandates Act to
require implementation without reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of SB 335 has not been calculated, but is
estimated to be relatively minor.
FEB-20-2001 S FIRST READING
FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-21-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAR-06-2001 S TO SUBCOMMITTEE
MAR-30-2001 S PENSION NOTE FILED AS INTRODUCED
MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary