House Sponsors: BOLAND. Short description: PEN CD-IMRF-COMPOUND 3% INCR Synopsis of Bill as introduced: Amends the IMRF Article of the Pension Code to compound the automatic annual increase in retirement, incremental, disability, and survivor annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Total annnual cost is 0.65% of total IMRF active member pay- roll; required contributions would vary among employers. 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