Senate Sponsors: CULLERTON. Short description: PENCD-ART 17-OPTIONAL INCREASE Synopsis of Bill as introduced: Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that if a member dies after having made only a portion of the contributions necessary to qualify for an optional increase in retirement annuity and there is a survivor's or children's benefit payable, then all payments already made shall be retained by the Fund and all survivor's or children's benefits shall be calculated as if all of the contributions were paid in full. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) According to the Fund's actuary, the fiscal impact of SB 514 is estimated to be minor. 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