SAVIANO. 40 ILCS 5/17-122 from Ch. 108 1/2, par. 17-122 30 ILCS 805/8.25 new Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that, beginning January 1, 2002, the minimum survivor's or child's pension shall be at least $400 per month. Provides that, beginning January 1, 2002, the minimum total survivor's and children's pension payable upon the death of a contributor or annuitant that occurred before January 1, 1987 shall be 50% of the earned retirement pension of that contributor or annuitant. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) According to an analysis prepared by the Fund's actuary, HB 1997 would increase the accrued liability of the Fund by an estimated $5.6 million. The increase in total annual cost is estimated to be $276,000, or 0.02% of payroll. The total annual cost will grow commensurate with the payroll. FEB-21-2001 H FILED WITH CLERK FEB-21-2001 H FIRST READING FEB-21-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-22-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-12-2001 H PENSION NOTE FILED MAR-12-2001 H COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary