CAPPARELLI-MCAULIFFE-BURKE-BUGIELSKI-SAVIANO, ACEVEDO, LOPEZ AND LYONS,EILEEN. 40 ILCS 5/6-128.2 from Ch. 108 1/2, par. 6-128.2 30 ILCS 805/8.24 new Amends the Chicago Firefighter Article of the Pension Code. Increases the minimum retirement annuity to $1,000 per month on January 1, 2000 and to $1,200 on January 1, 2001 for persons who retire at age 50 with at least 20 years of service. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 3097 woud increase the accrued liability of the Chicago Firefighters' Fund by an estimated $5.9 million. The level dol- lar payment needed to amortize the estimated increase in unfun- ded liability over 40 years is $479,000, or 0.18% of payroll. 00-01-12 H FILED WITH CLERK 00-01-12 H ADDED AS A JOINT SPONSOR MCAULIFFE 00-01-12 H ADDED AS A JOINT SPONSOR BURKE 00-01-12 H ADDED AS A JOINT SPONSOR BUGIELSKI 00-01-12 H ADDED AS A JOINT SPONSOR SAVIANO 00-01-12 H ADDED AS A CO-SPONSOR ACEVEDO 00-01-12 H ADDED AS A CO-SPONSOR BRADLEY 00-01-12 H ADDED AS A CO-SPONSOR LOPEZ 00-01-12 H ADDED AS A CO-SPONSOR LYONS,EILEEN 00-01-12 H FIRST READING 00-01-12 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-02-28 H PENSION NOTE FILED 00-02-28 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary