PEN CD-CHGO TCHR-RETMT-10 YRS House SponsorsRep. Angelo Saviano 1/11/2005HouseSession Sine Die 40 ILCS 5/17-116from Ch. 108 1/2, par. 17-11630 ILCS 805/8.27 new Amends the Chicago Teacher Article of the Pension Code. Provides that a teacher may receive a retirement pension at age 60 with 10 years of service. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Pension Laws Commission) According to an estimate prepared by the Fund's actuary (based on the 2002 actuarial valuation), HB 2230 would increase the accrued liability of the Fund by $35.8 million. The corresponding increase in total annual cost would be $5.2 million, or 0.29% of payroll. 2/19/2003HouseFiled with the Clerk by Rep. Angelo Saviano 2/19/2003HouseFirst Reading 2/19/2003HouseReferred to Rules Committee 2/21/2003HouseAssigned to Executive Committee 2/28/2003HousePension Note Filed 3/13/2003HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die