RADOGNO. 40 ILCS 5/5-132 from Ch. 108 1/2, par. 5-132 30 ILCS 805/8.22 new Amends the Chicago Police Article of the Pension Code to base retirement benefits on the highest 12 months, rather than 4 years, of salary within the last 10 years of service, for persons retiring after December 31, 1998. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Estimated increase in accrued liability is $146.0 M; increased normal cost is $4.8 M, requiring an annual payment of $6.9 M; estimated 1st year cost is $11.7 M (1.79% of payroll). 98-02-20 S FIRST READING 98-02-20 S REFERRED TO SENATE RULES COMMITTEE RULES 98-03-13 S PENSION NOTE FILED 98-03-13 S COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary