Illinois HB2854 amends the Chicago Police Article of the Illinois Pension Code to adjust the composition and terms of the Policemen's Annuity and.
Illinois HB2854 amends the Chicago Police Article of the Illinois Pension Code to adjust the composition and terms of the Policemen's Annuity and Benefit Fund board of trustees. The bill increases the board size from 8 to 9 members, with 4 appointed by the mayor, 4 policemen (including a lieutenant, a sergeant, and an investigator), and 1 annuitant or pensioner. The term length for all members is set at 3 years, with a temporary 4-year term for the investigator or lower-ranked policeman and the annuitant member for the 2008 election.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.