Illinois · 104th session
Amends the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code. Provides that, for Tier 2 policemen, "final average salary" is the greater of: (i) the average monthly salary obtained by dividing the total salary of the policeman during the 96 consecutive months of service within the last 120 months of service in which the total salary was the highest; or (ii) the average monthly salary obtained by dividing the total salary of the policeman during the 48 consecutive months of service within the last 60 months of service in which the total salary was the highest. Provides that the limit on salary for all purposes under the Code for Tier 2 policemen and Tier 2 firemen shall annually be increased by the lesser of 3% or the annual (instead of one-half of the annual) unadjusted percentage increase in the consumer price index-u, including all previous adjustments. Provides that the surviving spouse's annuity for certain Tier 2 policemen and Tier 2 firemen shall be 54% of the policeman's or fireman's monthly salary at the time of the policeman's or fireman's death. Provides that, if the deceased policeman or fireman was a parent of a child or children and there…
Public Act . . . . . . . . . 104-0065 (2025-08-01)