House Sponsors: CAPPARELLI-MCAULIFFE-BURKE-BUGIELSKI-SAVIANO, ACEVEDO, LOPEZ AND LYONS,EILEEN. Short description: PEN CD-CHGO FIRE-RETMT MINIMUM Synopsis of Bill as introduced: Amends the Chicago Firefighter Article of the Pension Code. Increases the minimum retirement annuity to $1,000 per month on January 1, 2000 and to $1,200 on January 1, 2001 for persons who retire at age 50 with at least 20 years of service. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 3097 woud increase the accrued liability of the Chicago Firefighters' Fund by an estimated $5.9 million. The level dol- lar payment needed to amortize the estimated increase in unfun- ded liability over 40 years is $479,000, or 0.18% of payroll. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status