RADOGNO. 40 ILCS 5/5-136.2 new 30 ILCS 805/8.24 new Amends the Chicago Police Article of the Illinois Pension Code. Provides a compounded 3% annual increase in surviving spouse annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $110.9 million Increase in normal cost $ 1.2 million Annual amortization payment over 40 yrs. $ 5.5 million Estimated 1st year cost (0.91% of payroll) $ 6.7 million 00-01-26 S FIRST READING 00-01-26 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