BURKE-CAPPARELLI-BUGIELSKI-LYONS,JOSEPH-MCAULIFFE AND SAVIANO. 40 ILCS 5/6-128 from Ch. 108 1/2, par. 6-128 30 ILCS 805/8.23 new Amends the Chicago Firefighter Article of the Illinois Pension Code to provide an increase in the retirement benefit formula. Provides for 2.5% (rather than 2%) of average salary for each year of service beyond 20. Applies to persons withdrawing from service after December 31, 1999. Also makes technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $11.7 million Level dollar annual amortization payment $ 0.9 million Increase in total annual cost (0.63% of payroll) $ 1.4 million 99-01-28 H FILED WITH CLERK 99-01-28 H ADDED AS A JOINT SPONSOR CAPPARELLI 99-01-28 H ADDED AS A CO-SPONSOR BUGIELSKI 99-01-28 H ADDED AS A CO-SPONSOR LYONS,JOSEPH 99-01-28 H ADDED AS A CO-SPONSOR MCAULIFFE 99-01-28 H ADDED AS A CO-SPONSOR SAVIANO 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