House Sponsors: MURPHY AND MOORE,EUGENE. Short description: PEN CD-FLAT RATE FORMULA 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. 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