CAPPARELLI-BUGIELSKI-SAVIANO-SANTIAGO-LYONS,JOSEPH, MCAULIFFE, BURKE AND FRITCHEY. 40 ILCS 5/8-138 from Ch. 108 1/2, par. 8-138 40 ILCS 5/8-150.1 from Ch. 108 1/2, par. 8-150.1 40 ILCS 5/8-159 from Ch. 108 1/2, par. 8-159 30 ILCS 805/8.21 new Amends the Chicago Municipal Article of the Pension Code. Increases the minimum retirement annuity. Provides for retirement at age 50 with 30 years of service. Eliminates the age discount for employees who retire at age 55 with 25 years of service. Increases the minimum widow's annuity and allows certain widows to elect to receive 50% of the deceased employee's retirement annuity instead of a widow's annuity. Increases the child's annuity and removes the combined family maximum for certain persons currently eligible for child's annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Increase in unfunded accrued liability $293.4 M Increase in employer's normal cost $ 30.9 M Increase in employer's tax levy multiple .40 97-01-08 H FILED WITH CLERK 97-01-08 H ADDED AS A JOINT SPONSOR BUGIELSKI 97-01-08 H ADDED AS A CO-SPONSOR SAVIANO 97-01-08 H ADDED AS A CO-SPONSOR SANTIAGO 97-01-08 H ADDED AS A CO-SPONSOR LYONS,J 97-01-08 H ADDED AS A CO-SPONSOR LOPEZ 97-01-08 H ADDED AS A CO-SPONSOR MCAULIFFE 97-01-08 H FIRST READING 97-01-08 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-01-22 H ASSIGNED TO COMMITTEE PERS PENSION 97-01-30 H ADDED AS A CO-SPONSOR BURKE 97-03-18 H PENSION NOTE FILED 97-03-18 H COMMITTEE PERS PENSION 97-03-20 H ADDED AS A CO-SPONSOR FRITCHEY 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary