RADOGNO. 40 ILCS 5/5-167.1 from Ch. 108 1/2, par. 5-167.1 40 ILCS 5/5-167.2 from Ch. 108 1/2, par. 5-167.2 30 ILCS 805/8.24 new Amends the Chicago Police Article of the Pension Code. Compounds the automatic annual increase in retirement annuity, increases it to 3% for all annuitants, and removes the 30% maximum increase limitation. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $448.4 million Increase in normal cost $ 9.8 million Annual amortization payment over 40 yrs. $ 22.6 million Estimated 1st year cost (4.40% of payroll) $ 32.4 million 00-01-26 S FIRST READING 00-01-26 S REFERRED TO SENATE RULES COMMITTEE RULES 00-01-31 S PENSION NOTE FILED 00-01-31 S COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary