PEN CD-ART 6-REVERSIONARY House SponsorsRep. Kevin A. McCarthy 1/11/2011HouseSession Sine Die 40 ILCS 5/6-229 new30 ILCS 805/8.34 new Amends the Chicago Firefighter Article of the Illinois Pension Code. Allows a fireman, prior to retirement on annuity, to elect to take a lesser amount of annuity and provide, with the actuarial value of the amount by which his or her annuity is reduced, a reversionary annuity for a spouse. Provides that a fireman exercising the option to provide a reversionary annuity may not reduce his or her annuity by more than $400 per month or elect to provide a reversionary annuity of less than $100 per month. Provides that a reversionary annuity shall begin on the day following the death of the annuitant and shall continue monthly thereafter until the death of the reversionary annuitant. Provides a method for calculating the amount of the reversionary annuity. Amends the State Mandates Act to require implementation without reimbursement. 2/11/2010HouseFiled with the Clerk by Rep. Kevin A. McCarthy 2/11/2010HouseFirst Reading 2/11/2010HouseReferred to Rules Committee 1/11/2011HouseSession Sine Die