PEN CD-CHGO POL-INCR RETMT-80% House SponsorsRep. Michael P. McAuliffe-Angelo Saviano-Kevin Joyce 1/13/2009HouseSession Sine Die 40 ILCS 5/5-132from Ch. 108 1/2, par. 5-13240 ILCS 5/5-148from Ch. 108 1/2, par. 5-14830 ILCS 805/8.31 new Amends the Chicago Police Article of the Illinois Pension Code to provide an increase in the retirement benefit formula. Changes the maximum annuity from 75% to 80% of average salary. Provides for 2.5% (rather than 2%) of average salary for each year of service beyond 20. Applies to persons withdrawing from service after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/8/2007HouseFiled with the Clerk by Rep. Michael P. McAuliffe 2/8/2007HouseFirst Reading 2/8/2007HouseReferred to Rules Committee 2/15/2007HouseAssigned to Personnel and Pensions Committee 2/23/2007HouseAdded Chief Co-Sponsor Rep. Angelo Saviano 2/23/2007HouseAdded Chief Co-Sponsor Rep. Kevin Joyce 2/27/2007HouseRe-assigned to Executive Committee 3/23/2007HouseRule 19(a) / Re-referred to Rules Committee 1/13/2009HouseSession Sine Die