MURPHY. 40 ILCS 5/17-119 from Ch. 108 1/2, par. 17-119 30 ILCS 805/8.23 new Amends the Chicago Teacher Article of the Illinois Pension Code. Calculates the pro rata portion of the initial annual increase in retirement pension from attainment of age 55 (or the date of retirement) rather than from attainment of age 61. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $126.3 million Increase in total annual cost (0.67% of payroll) $9.7 million 99-01-28 H FILED WITH CLERK 99-01-28 H FIRST READING 99-01-28 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-02 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-16 H PENSION NOTE FILED 99-03-16 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary