House Sponsors: CAPPARELLI-BUGIELSKI-BURKE-LYONS,JOSEPH-BRADLEY, LANG AND LOPEZ. Short description: PEN CD-CHGO FIRE-AVE SALARY Synopsis of Bill as introduced: Amends the Chicago Firefighter Article of the Pension Code to base retirement benefits on the highest 36 months, rather than 4 years, of salary within the last 10 years of service, for persons retiring on or after January 1, 2000. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 3099 would increase the accrued liability of the Chicago Firefighters' Fund by an estimated $13.1 million. The level dollar annual payment needed to amortize the estimated increase in unfunded liability over 40 years is $1.1 million. The esti- mated annual increase in normal cost is $0.5 million, or 0.19% of payroll. Therefore, the estimated increase in total annual cost is $1.6 million, or 0.60% 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