CAPPARELLI-LYONS,JOSEPH-BURKE-ACEVEDO, BUGIELSKI, BRADLEY AND MCKEON. 40 ILCS 5/5-167.1 from Ch. 108 1/2, par. 5-167.1 40 ILCS 5/5-167.2 from Ch. 108 1/2, par. 5-167.2 30 ILCS 805/8.24 new Amends the Chicago Police Article of the Pension Code. Compounds the automatic annual increase in retirement annuity, increases it to 3% for all annuitants, and removes the 30% maximum increase limitation. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The estimated increase in accrued liability due to HB 3370 is $448.4 million, with an estimated increase in normal cost of $9.8 million. The estimated 1st year cost is $32.4 million, or 4.40% of payroll. 00-01-20 H FILED WITH CLERK 00-01-20 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH 00-01-20 H ADDED AS A JOINT SPONSOR BURKE 00-01-20 H ADDED AS A JOINT SPONSOR ACEVEDO 00-01-20 H ADDED AS A CO-SPONSOR BUGIELSKI 00-01-20 H ADDED AS A CO-SPONSOR MCAULIFFE 00-01-20 H ADDED AS A CO-SPONSOR BRADLEY 00-01-20 H FIRST READING 00-01-20 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-01-25 H PENSION NOTE FILED 00-01-25 H COMMITTEE RULES 00-01-26 H ADDED AS A CO-SPONSOR MCKEON 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary