SAVIANO. 40 ILCS 5/16-129.1 40 ILCS 5/16-133 from Ch. 108 1/2, par. 16-133 40 ILCS 5/16-133.2 from Ch. 108 1/2, par. 16-133.2 40 ILCS 5/17-116.1 from Ch. 108 1/2, par. 17-116.1 40 ILCS 5/17-119.1 30 ILCS 805/8.23 new Amends the Downstate and Chicago Teacher Articles of the Pension Code. Extends the early retirement without discount option to 2005 and makes changes relating to the employer contribution under that option. Reduces the contribution required for certain persons to receive the augmented 2.2% retirement annuity rate. In the Downstate Teacher Article, changes the provision establishing the 2.3% unaugmented rate for certain persons having at least 30 years of service, to bring the provision into conformance with constitutional nonimpairment requirements. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) TRS: Increase in accrued liability $8 to $12 million Increase in total annual cost FY2000 Statutory Phase-In, $ 0.9 million FY2000 Unramped Phase-In $ 7.6 million FY2010 Statutory Phase-In $14.2 million FY2010 Unramped Phase-In $11.3 million CTRS: Increase in accrued liability (80% utilization) $11.8 million 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-09 H PENSION NOTE FILED 99-03-09 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary