Senate Sponsors: VIVERITO. Short description: PEN CD-COOK CO-OPTIONAL PLAN Synopsis of Bill as introduced: Amends the Cook County Article of the Illinois Pension Code. Extends to July 1, 2005 the expiration date of the plan of additional benefits and contributions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The Fund's actuary has estimated that extending the optional plan and providing an ERI (per SB 485) would increase the accrued liability of the Fund by $225 million. The estimated increase in total annual cost is $26.7 million, or 2.30% of payroll. The impact of only extending the optional plan of additional benefits has not been calculated. 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