House Sponsors: CAPPARELLI-BUGIELSKI-MCAULIFFE-BURKE-LYONS,JOSEPH, ACEVEDO AND LOPEZ. Short description: PEN CD-CHGO FIRE-ANNUAL INCR Synopsis of Bill as introduced: Amends the Chicago Firefighter Article of the Illinois Pension Code. For firemen born on or after January 1, 1945 and before January 1, 1966, increases the automatic annual increase in retirement annuity to 3% and removes the 30% maximum. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $23.3 million Level dollar annual amortization payment $ 1.9 million Increase in total annual cost (1.11% of payroll) $ 2.6 million Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status