House Sponsors: CAPPARELLI-SAVIANO-BUGIELSKI-BURKE-SANTIAGO, LOPEZ, MCAULIFFE LYONS,JOSEPH. Short description: PEN CD-CHGO LABOR-COMPOUND 3% Synopsis of Bill as introduced: Amends the Chicago Laborer Article of the Pension Code to compound the 3% automatic annual increase in retirement pension. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Increase in unfunded accrued liability $24.0 M Increase in total annual cost $ 2.4 M Increase in employer's tax levy multiple .21 Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status