Senate Sponsors: RADOGNO. 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) Increase in accrued liability $110.9 million Increase in normal cost $ 1.2 million Annual amortization payment over 40 yrs. $ 5.5 million Estimated 1st year cost (0.91% of payroll) $ 6.7 million Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status