House Sponsors: CAPPARELLI-SAVIANO-BUGIELSKI-MOORE,EUGENE. Short description: PEN CD-CHGO PARK-ANNUAL INCR Synopsis of Bill as introduced: Amends the Chicago Park District Article of the Illinois Pension Code. For persons with at least 30 years of service, removes the requirement that the person must attain age 60 before beginning to receive the automatic annual increase in retirement annuity. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Increased accrued liability is $6.2 M and total annual cost is $334,000, 0.30% of payroll. HOUSE AMENDMENT NO. 1. Deletes reference to: 40 ILCS 5/12-133.1 30 ILCS 805/8.22 new Adds reference to: 40 ILCS 5/15-102 from Ch. 108 1/2, par. 15-102 Deletes everything. Amends the State Universities Article of the Pension Code to make a technical correction in a cross reference relating to definitions. PENSION IMPACT NOTE, H-AM 2 No change from previous note. HOUSE AMENDMENT NO. 2. Deletes reference to: 40 ILCS 5/15-102 from Ch. 108 1/2, par. 15-102 Adds reference to: 40 ILCS 5/12-133.1 30 ILCS 805/8.22 new Deletes everything. Amends the Chicago Park District Article of the Illinois Pension Code. For persons with at least 30 years of service, removes the requirement that the person must attain age 60 before beginning to receive the automatic annual increase in retirement annuity. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0 END OF INQUIRY Full Text Bill Status