PEN CD-CHI MUNI-INCREASE/TAXES House SponsorsRep. Robert S. Molaro 1/13/2009HouseSession Sine Die 40 ILCS 5/8-137from Ch. 108 1/2, par. 8-13740 ILCS 5/8-173from Ch. 108 1/2, par. 8-17330 ILCS 805/8.31 new Amends the Chicago Municipal Article of the Illinois Pension Code. Provides that the annual annuity increase for a person first employed under the Article on or after the effective date shall be at a rate of 3% of the original fixed annuity (instead of 3% of the current payable monthly annuity). Provides that the city council of the city shall levy a tax annually upon all taxable property in the city at a rate that will produce a sum that will be sufficient to bring the total assets of the Fund up to 90% of the total actuarial liabilities of the Municipal Employees', Officers', and Officials' Annuity and Benefit Fund by the end of fiscal year 2016 (instead of a sum that will be sufficient for the requirements of the Article, with a maximum provided). Amends the State Mandates Act to require implementation without reimbursement. 2/22/2007HouseFiled with the Clerk by Rep. Robert S. Molaro 2/22/2007HouseFirst Reading 2/22/2007HouseReferred to Rules Committee 2/27/2007HouseAssigned to Executive Committee 3/23/2007HouseRule 19(a) / Re-referred to Rules Committee 1/13/2009HouseSession Sine Die