Senate Sponsors: MOLARO. Short description: PEN CD-COOK CO-SPECIAL FORMULA Synopsis of Bill as introduced: Amends the Cook County Article of the Illinois Pension Code. Allows certain persons who were laid off between December 1, 1996 and May 1, 1997, including persons already receiving a retirement annuity, to participate in the 1998 early retirement program. Provides an increased retirement formula for a person who withdrew from service in July of 1996 with at least 8 years of service credit. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of SB 482 has not been calculated. The fiscal impact is expected to be minor, as the draft affects a very small number of members of the Cook County Employees' Pension Fund. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status