MURPHY. 40 ILCS 5/17-116 from Ch. 108 1/2, par. 17-116 30 ILCS 805/8.24 new Amends the Chicago Teacher Article of the Pension Code to eliminate the age discount for persons with at least 30 years of service who retire before age 60. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liabilities $ 79.1 million Increase in total annual cost (0.52% of payroll)$ 7.5 million 00-01-20 H FIRST READING 00-01-20 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-01-31 H PENSION NOTE FILED 00-01-31 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary