House Sponsors: WOOLARD-MCGUIRE-BOST, WINKEL, JONES,JOHN, SCHAKOWSKY, SCOTT, HOWARD, NOVAK, MAUTINO, BOLAND, BRUNSVOLD, MOFFITT, HANNIG, BLACK, DAVIS,STEVE AND PHELPS. Short description: PEN CD-FLAT RATE FORMULA ETC Synopsis of Bill as introduced: Amends the State Employee, Universities, Downstate Teacher, and Chicago Teacher Articles of the Pension Code to provide for a new retirement formula of 1.67% per year of service for regular coordinated members and 2.2% per year of service for regular noncoordinated members. Also provides a one-time increase in certain retirement and survivor's annuities. Amends the State Employee Article to allow certain security employees of the Department of Corrections or the Department of Human Services to have their benefits based on last day salary rather than a 48-month average. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status