House Sponsors: MCKEON. Short description: PEN CD-CHGO MUN-INCREASE BENFT Synopsis of Bill as introduced: Amends the Chicago Municipal Article of the Pension Code to compound the 3% automatic annual increase in retirement pension. Provides a minimum retirement annuity for persons retiring with at least 5 years of service. Authorizes withholding of labor organization dues from annuities, and grants labor organizations access to a mailing list of the Fund's annuitants. Also makes technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Estimated increase in total annual cost is $35.0 million, 3.25% of payroll; annual cost will increase as payroll grows. 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