House Sponsors: FEIGENHOLTZ. Short description: PEN CD-CHGO ALDERMAN FORMULA Synopsis of Bill as introduced: Amends the Chicago Municipal Article of the Illinois Pension Code. Allows elected city officials to retire under the special formula at age 55 rather than age 60. Allows participation in the special formula by the city clerk and city treasurer, and by persons holding elected city office on June 1, 1995 who so elect within 30 days. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status