Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/6-164

from Ch. 108 1/2, par. 6-164

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. For firemen born on or after January 1, 1945 and before January 1, 1950, increases the automatic annual increase in retirement annuity to 3%, removes the 30% maximum, and permits the initial increase at age 55. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	Would increase accrued liability by an estimated $60.0 million. Annual payment needed to amortize increase in unfunded liability over 40 yrs. is $4.9 million. The increase in normal costs is $0.6 million, or 0.24% of payroll. Therefore, the estimated increase in total annual cost is $5.5 million, or 2.00% of payroll.

Actions 

Date	Chamber	Action
1/29/2003	House	Filed with the Clerk by Rep. Maria Antonia Berrios
1/29/2003	House	Chief Co-Sponsor Rep. Daniel J. Burke
1/29/2003	House	Chief Co-Sponsor Rep. Ralph C. Capparelli
1/29/2003	House	Chief Co-Sponsor Rep. Joseph M. Lyons
1/29/2003	House	Chief Co-Sponsor Rep. Richard T. Bradley
1/29/2003	House	Co-Sponsor Rep. Edward J. Acevedo
1/29/2003	House	Co-Sponsor Rep. John A. Fritchey
1/29/2003	House	Co-Sponsor Rep. Kevin Joyce
1/29/2003	House	Co-Sponsor Rep. Michael P. McAuliffe
1/29/2003	House	Co-Sponsor Rep. Robert S. Molaro
1/29/2003	House	Co-Sponsor Rep. Angelo Saviano
1/29/2003	House	First Reading
1/29/2003	House	Referred to Rules Committee
1/29/2003	House	Added Co-Sponsor Rep. Cynthia Soto
2/4/2003	House	Assigned to Executive Committee
2/5/2003	House	Added Co-Sponsor Rep. Lou Lang
2/5/2003	House	Added Co-Sponsor Rep. Robert Rita
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
5/19/2003	House	Pension Note Filed
1/11/2005	House	Session Sine Die

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