PEN CD-PURCHASING POWER INCRS Senate SponsorsSen. John J. Cullerton 1/11/2005SenateSession Sine Die 40 ILCS 5/17-119from Ch. 108 1/2, par. 17-11940 ILCS 5/17-119.2 new40 ILCS 5/17-122from Ch. 108 1/2, par. 17-12230 ILCS 805/8.28 newAmends the Chicago Teacher Article of the Illinois Pension Code. Provides for a one-time increase in certain retirement and survivor's annuities. Declares it to be the public policy of this State and the intention of the General Assembly to protect annuitants against significant decreases in the purchasing power of retirement and survivor's annuities. Directs the retirement system to review and report on significant changes in purchasing power. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/3/2004SenateFiled with Secretary by Sen. John J. Cullerton 2/3/2004SenateFirst Reading 2/3/2004SenateReferred to Rules 1/11/2005SenateSession Sine Die