CAPPARELLI-BUGIELSKI-BURKE-LYONS,JOSEPH-SANTIAGO, MCAULIFFE AND SAVIANO. 40 ILCS 5/17-116 from Ch. 108 1/2, par. 17-116 30 ILCS 805/8.21 new Amends the Chicago Teacher Article of the Pension Code to eliminate the age discount for persons with at least 30 years of service who retire before age 60. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION IMPACT NOTE HB 355 is based on the August 1995 actuarial valuation: Increase in accrued liability $29.6M Increase in total annual cost $ 2.9M Increase in total annual cost as a % of payroll 0.24% 97-01-29 H FIRST READING 97-01-29 H ADDED AS A JOINT SPONSOR BUGIELSKI 97-01-29 H ADDED AS A CO-SPONSOR BURKE 97-01-29 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 97-01-29 H ADDED AS A CO-SPONSOR SANTIAGO 97-01-29 H ADDED AS A CO-SPONSOR LOPEZ 97-01-29 H ADDED AS A CO-SPONSOR MCAULIFFE 97-01-29 H ADDED AS A CO-SPONSOR KOTLARZ 97-01-29 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-05 H ASSIGNED TO COMMITTEE PERS PENSION 97-03-03 H PENSION NOTE FILED 97-03-03 H COMMITTEE PERS PENSION 97-03-07 H ADDED AS A CO-SPONSOR SAVIANO 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