House Sponsors: CAPPARELLI-SAVIANO-BUGIELSKI-BURKE-SANTIAGO, LOPEZ, LYONS,JOSEPH AND O'BRIEN. Short description: PEN CD-CHGO LABOR-15 YR VEST Synopsis of Bill as introduced: Amends the Chicago Laborer Article of the Pension Code to require 15 (rather than 20) years of service to qualify for the minimum retirement and widow annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Increase in unfunded accrued liability $ 4.2 M Increase in employer's normal cost $ .6 M Increase in employer's tax levy multiple .06 Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status