CAPPARELLI-MCAULIFFE-BUGIELSKI-BURKE-LYONS,JOSEPH, BRADLEY AND LOPEZ. 40 ILCS 5/6-164 from Ch. 108 1/2, par. 6-164 30 ILCS 805/8.23 new Amends the Chicago Firefighter Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. Increases the rate of increase to 3% and removes the 30% maximum for all firemen, regardless of date of birth. For certain firemen with at least 20 years of service, makes the initial annual increase occur on the first anniversary of retirement, regardless of age. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $92.2 million Increase in total annual cost (4.58% of payroll) $10.8 million 99-01-28 H FILED WITH CLERK 99-01-28 H ADDED AS A JOINT SPONSOR MCAULIFFE 99-01-28 H ADDED AS A CO-SPONSOR BUGIELSKI 99-01-28 H ADDED AS A CO-SPONSOR BURKE 99-01-28 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 99-01-28 H ADDED AS A CO-SPONSOR BRADLEY 99-01-28 H ADDED AS A CO-SPONSOR LOPEZ 99-01-28 H FIRST READING 99-01-28 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-02 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-09 H PENSION NOTE FILED 99-03-09 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary