PEN CD-CHGO FIRE-ANNUAL INCR House SponsorsRep. Susana Mendoza-Ralph C. Capparelli-Richard T. Bradley-Joseph M. Lyons-Daniel J. Burke, Edward J. Acevedo, Maria Antonia Berrios, John A. Fritchey, Kevin Joyce, Michael P. McAuliffe, Robert S. Molaro and Angelo Saviano 1/11/2005HouseSession Sine Die 40 ILCS 5/6-164from Ch. 108 1/2, par. 6-16430 ILCS 805/8.27 new Amends the Chicago Firefighter Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. For firemen born on or after January 1, 1945 and before January 1, 1960, increases the automatic annual increase in retirement annuity to 3%, removes the 30% maximum, and permits the initial increase at age 55. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Pension Laws Commission) Would increase accrued liability by estimated $161.3 million. The annual payment needed to amortize the increase over 40 yrs. is $13.0 million. The estimated annual increase in normal cost is $128,000 or 0.05% of payroll. Therefore, the estimated increase in total annual cost is $13.2 million or 4.74% of payroll. 1/29/2003HouseFiled with the Clerk by Rep. Susana Mendoza 1/29/2003HouseChief Co-Sponsor Rep. Ralph C. Capparelli 1/29/2003HouseChief Co-Sponsor Rep. Richard T. Bradley 1/29/2003HouseChief Co-Sponsor Rep. Joseph M. Lyons 1/29/2003HouseChief Co-Sponsor Rep. Daniel J. Burke 1/29/2003HouseCo-Sponsor Rep. Edward J. Acevedo 1/29/2003HouseCo-Sponsor Rep. Maria Antonia Berrios 1/29/2003HouseCo-Sponsor Rep. John A. Fritchey 1/29/2003HouseCo-Sponsor Rep. Kevin Joyce 1/29/2003HouseCo-Sponsor Rep. Michael P. McAuliffe 1/29/2003HouseCo-Sponsor Rep. Robert S. Molaro 1/29/2003HouseCo-Sponsor Rep. Angelo Saviano 1/29/2003HouseFirst Reading 1/29/2003HouseReferred to Rules Committee 2/4/2003HouseAssigned to Executive Committee 3/13/2003HouseRule 19(a) / Re-referred to Rules Committee 5/19/2003HousePension Note Filed 1/11/2005HouseSession Sine Die