MURPHY. 40 ILCS 5/17-116 from Ch. 108 1/2, par. 17-116 40 ILCS 5/17-119 from Ch. 108 1/2, par. 17-119 30 ILCS 805/8.23 new Amends the Chicago Teacher Article of the Illinois Pension Code. Establishes a minimum retirement pension of $1,333.34 per month for teachers with at least 20 years of service credit in the Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $45.3 million Increase in total annual cost (0.2% of payroll) $ 2.2 million 99-01-28 H FILED WITH CLERK 99-01-28 H FIRST READING 99-01-28 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-02 H ASSIGNED TO COMMITTEE PERS PENSION 99-02-17 H PENSION NOTE FILED 99-02-17 H COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary