PEN CD-CHGO POL-3% COMPOUNDED Senate SponsorsSen. James A. DeLeo 1/13/2009SenateSession 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 newAmends 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. 2/14/2008SenateFiled with Secretary by Sen. James A. DeLeo 2/14/2008SenateFirst Reading 2/14/2008SenateReferred to Rules 3/5/2008SenateAssigned to Pensions and Investments 3/12/2008SenateTo Subcommittee 3/14/2008SenateRule 3-9(a) / Re-referred to Rules 1/13/2009SenateSession Sine Die