MURPHY. 40 ILCS 5/17-119 from Ch. 108 1/2, par. 17-119 40 ILCS 5/17-122 from Ch. 108 1/2, par. 17-122 30 ILCS 805/8.26 new Amends the Chicago Teacher Article of the Illinois Pension Code to provide for a one-time increase in certain retirement and survivor's annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 3702 has not been determined, but would be significant. According to an analysis prepared in 1999 by the Fund's actuary, an essentially identical bill would have increased the accrued liabilities of the Fund by $121.5 million. The increase in total annual cost was estimated to be $6.1 million, or 0.42% of payroll. It is estimated that HB 3702 would have a larger impact, by an amount that has not been determined. NOV-28-2001 H FILED WITH CLERK NOV-29-2001 H FIRST READING NOV-29-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-22-2002 H PENSION NOTE FILED JAN-22-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary