House Sponsors: CAPPARELLI-LYONS,JOSEPH-BUGIELSKI-BURKE-ACEVEDO AND BRADLEY. Short description: PEN CD-CHGO FIRE-WIDOW MINIMUM Synopsis of Bill as introduced: Amends the Chicago Firefighter Article of the Illinois Pension Code. Increases the minimum widow's annuity to $1,000 per month on January 1, 2003 and to $1,200 per month on January 1, 2004 for all surviving spouses. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The fiscal impact of HB 4142 has not been determined. According to the Fund's actuary, similar legislation would increase the accrued liability of the Fund by an estimated $32.6 million. The level dollar annual payment needed to amortize this es- timated increase in unfunded liability over 40 years is $2.2 million. There is no increase in normal cost associated with HB 4142, as it only affects current widows. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status