CULLERTON. 40 ILCS 5/17-119.1 30 ILCS 805/8.24 new Amends the Chicago Teacher Article of the Pension Code. Provides that a person with at least 30 years of service at retirement may have that service converted to the augmented rate without paying any additional contribution. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The increase in the present value of future employer contribu- tions is estimated to be $36.7 million. The increase in total annual cost is estimated to be 0.13% 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