BRADLEY-CAPPARELLI-MCAULIFFE-LYONS,JOSEPH-BUGIELSKI. 40 ILCS 5/6-164 from Ch. 108 1/2, par. 6-164 30 ILCS 805/8.24 new Amends the Chicago Firefighter Article of the Pension Code. For firemen born on or after January 1, 1945 and before January 1, 1960, increases the automatic annual increase in retirement annuity to 3% and removes the 30% maximum. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 3105 would increase the accrued liability of the Chicago Firefighters' Fund by an estimated $43.3 million. The level dollar annual payment needed to amortize the estimated increase in unfunded liability over 40 years is $3.6 million. The esti- mated annual increase in normal cost is $1.5 million, or 0.58% of payroll. Therefore, the estimated increase in total annual cost is $5.1 million, or $1.94% of payroll. 00-01-12 H FIRST READING 00-01-12 H ADDED AS A JOINT SPONSOR CAPPARELLI 00-01-12 H ADDED AS A JOINT SPONSOR MCAULIFFE 00-01-12 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH 00-01-12 H ADDED AS A JOINT SPONSOR BUGIELSKI 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