PEN CD-CHGO POL-3% COMPOUNDED House SponsorsRep. Michael P. McAuliffe-Joseph M. Lyons and Kevin Joyce 1/13/2009HouseSession Sine Die 40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.140 ILCS 5/5-167.2from Ch. 108 1/2, par. 5-167.230 ILCS 805/8.32 new Amends the Chicago Police Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. Also increases it to 3% and reduces the minimum age to 55. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/7/2008HouseFiled with the Clerk by Rep. Michael P. McAuliffe 2/7/2008HouseAdded Co-Sponsor Rep. Kevin Joyce 2/8/2008HouseFirst Reading 2/8/2008HouseReferred to Rules Committee 3/11/2008HouseAdded Chief Co-Sponsor Rep. Joseph M. Lyons 1/13/2009HouseSession Sine Die