House Sponsors: SAVIANO-CAPPARELLI-MCAULIFFE-BUGIELSKI-LYONS,JOSEPH, MCKEON AND BRADLEY. Short description: PEN CD ONE-TIME INCREASES Synopsis of Bill as introduced: Amends the Chicago Teacher Article of the Pension Code to provide for a one-time increase in certain retirement and survivor's annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 3264 would increase the accrued liabilities of the Fund by $121.5 million. The increase in total annual cost is estimated to be $6.1 million, or 0.42% 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