MOLARO. 40 ILCS 5/11-145.1 from Ch. 108 1/2, par. 11-145.1 30 ILCS 805/8.25 new Amends the Chicago Laborers Article of the Illinois Pension Code. Creates an additional formula for determining the annuity payable to the widows of certain employees who have at least 10 years of service and have been married for at least 10 years. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) SB 478 would increase the accrued liability by an estimated $89.2 million. Although the increase in annual normal cost is estimated to be $1.2 million, there would be no increase in the required annual contribution, because as of December 31, 1999, the Chicago Laborers' Pension Fund was funded at 129.1% with assets $380.9 million higher than accrued liabilities. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-27-2001 S PENSION NOTE FILED FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-06-2001 S TO SUBCOMMITTEE MAR-06-2001 S COMMITTEE INS & PENS. MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary