CULLERTON. 40 ILCS 5/17-119 from Ch. 108 1/2, par. 17-119 40 ILCS 5/17-156.1 from Ch. 108 1/2, par. 17-156.1 30 ILCS 805/8.24 new Amends the Chicago Teachers Article of the Pension Code to increase the rate of automatic annual increase in pensions from 3% to 4%. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability would be $674.1 million and increase in total annual cost would be $53.2 million (3.71% of payroll). 00-01-19 S FIRST READING 00-01-19 S REFERRED TO SENATE RULES COMMITTEE RULES 00-01-31 S PENSION NOTE FILED 00-01-31 S COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary