Senate Sponsors: RADOGNO-DELEO. Short description: PEN CD-CHGO POL-WIDOW INCREASE Synopsis of Bill as introduced: Amends the Chicago Police Article of the Illinois Pension Code. Provides a compounded 3% annual increase in surviving spouse annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Estimated increase in accrued liability for non-compounded annual increases is $68.5 M, with first year costs at $3.3 M (0.5% of payroll). Compounded annual increases would cost considerably more. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status