CAPPARELLI-SAVIANO-BUGIELSKI-BURKE-SANTIAGO, LOPEZ, MCAULIFFE LYONS,JOSEPH. 40 ILCS 5/8-137 from Ch. 108 1/2, par. 8-137 40 ILCS 5/8-137.1 from Ch. 108 1/2, par. 8-137.1 30 ILCS 805/8.21 new Amends the Chicago Municipal Article of the Pension Code to compound the 3% automatic annual increase in retirement pension. Also makes technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Increase in accrued liability $205.6 M Increase in total annual cost $ 28.5 M Increase in total annual cost as % of payroll 2.89% PENSION NOTE, REVISED Increase in unfunded accrued liability $121.1 M Increase in total annual cost $ 12.1 M Increase in employer's tax levy multiple .15 97-01-08 H FILED WITH CLERK 97-01-08 H ADDED AS A JOINT SPONSOR SAVIANO 97-01-08 H ADDED AS A CO-SPONSOR BUGIELSKI 97-01-08 H ADDED AS A CO-SPONSOR BURKE 97-01-08 H ADDED AS A CO-SPONSOR SANTIAGO 97-01-08 H ADDED AS A CO-SPONSOR LOPEZ 97-01-08 H ADDED AS A CO-SPONSOR MCAULIFFE 97-01-08 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 97-01-08 H FIRST READING 97-01-08 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-01-22 H ASSIGNED TO COMMITTEE PERS PENSION 97-03-03 H PENSION NOTE FILED 97-03-03 H COMMITTEE PERS PENSION 97-03-18 H PENSION NOTE FILED REVISED 97-03-18 H COMMITTEE PERS PENSION 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary