CAPPARELLI-LYONS,JOSEPH-BUGIELSKI-BURKE-MCAULIFFE, LOPEZ, LANG AND SAVIANO. 40 ILCS 5/17-116.7 new 30 ILCS 805/8.21 new Amends the Chicago Teacher Article of the Pension Code to extend the early retirement program for persons who retire at the end of the 1996-1997 school year. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Increase in accrued liability at 25% utilization $21.8 M at 50% utilization $43.6 M at 75% utilization $65.4 M Increase in total annual cost at 25% utilization $ 1.1 M at 50% utilization $ 2.1 M at 75% utilization $ 3.2 M Increase in total annual cost as a percent of payroll at 25% .10% at 50% .20% at 75% .29% 97-01-29 H FIRST READING 97-01-29 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH 97-01-29 H ADDED AS A CO-SPONSOR BUGIELSKI 97-01-29 H ADDED AS A CO-SPONSOR BURKE 97-01-29 H ADDED AS A CO-SPONSOR MCAULIFFE 97-01-29 H ADDED AS A CO-SPONSOR SANTIAGO 97-01-29 H ADDED AS A CO-SPONSOR LOPEZ 97-01-29 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-05 H ASSIGNED TO COMMITTEE PERS PENSION 97-03-07 H ADDED AS A CO-SPONSOR SAVIANO 97-03-10 H PENSION NOTE FILED 97-03-10 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