House Sponsors: CAPPARELLI-LYONS,JOSEPH-BURKE-ACEVEDO-BUGIELSKI, MCAULIFFE AND NOVAK. Short description: PEN CD-CHGO POL-WIDOW INCREASE Synopsis of Bill as introduced: Amends the Chicago Police Article of the Illinois Pension Code. Provides a compounded 3% annual increase in surviving spouse annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Estimated 1st year cost of granting a non-compounded annual increase is $3.3 million (0.5% of payroll). PENSION NOTE, REVISED (Pension Laws Commission) Estimated 1st year cost is $6.7 million (0.91% of payroll). Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status