PEN CD-CHGO TCHR-ANNUAL INCR Senate SponsorsSen. James A. DeLeo-Denny Jacobs 1/11/2005SenateSession Sine Die 40 ILCS 5/17-119from Ch. 108 1/2, par. 17-11930 ILCS 805/8.27 newAmends the Chicago Teacher Article of the Pension Code. Calculates the pro rata portion of the initial annual increase in retirement pension from attainment of age 55 (or the date of retirement) rather than from attainment of age 61. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Pension Laws Commission) According to an analysis prepared by the Commission's actuary, SB 1134 would increase the accrued liability of the Fund by an estimated $164.5 million. The increase in total annual cost is estimated to be $15.1 million, or 0.99% of payroll. The total annual cost will grow commensurate with payroll. Fiscal Note (State Board of Education) The State Board of Education is not able to provide fiscal information. 2/20/2003SenateFiled with Secretary by Sen. James A. DeLeo 2/20/2003SenateFirst Reading 2/20/2003SenateReferred to Rules 2/26/2003SenateAssigned to Insurance & Pensions 3/5/2003SenateTo Subcommittee 3/6/2003SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton 3/6/2003SenateSenate Committee Amendment No. 1 Referred to Rules 3/11/2003SenatePension Note Filed As Introduced 3/11/2003SenateSenate Committee Amendment No. 1 Rules Refers to Insurance & Pensions 3/12/2003SenateAdded as Chief Co-Sponsor Sen. Denny Jacobs 3/13/2003SenateDo Pass Insurance & Pensions; 006-004-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 3/14/2003SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules 3/18/2003SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton 3/18/2003SenateSenate Floor Amendment No. 2 Referred to Rules 3/18/2003SenateFiscal Note Requested by Sen. Bill Brady 3/24/2003SenateSenate Floor Amendment No. 2 Rules Refers to Insurance & Pensions 3/24/2003SenateFiscal Note Filed 3/25/2003SenateSenate Floor Amendment No. 2 Postponed - Insurance & Pensions 4/2/2003SenateSenate Floor Amendment No. 2 Postponed - Insurance & Pensions 4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 7/1/2003SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) 7/1/2003SenateSenate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) 1/11/2005SenateSession Sine Die