Senate Sponsors: RADOGNO. Short description: PEN CD-CHGO POL-25 YRS ANY AGE Synopsis of Bill as introduced: Amends the Chicago Police Article of the Pension Code. Allows retirement at any age with 25 years of service. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $19.6 million Decrease in normal cost $ 1.8 million Annual amortization payment over 40 yrs. $ 0.9 million Reduction in 1st year cost (0.12% of payroll) $ 0.8 million Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status