House Sponsors: MURPHY. Short description: PEN CD-CHGO TCHR-SURVIVORS MIN Synopsis of Bill as introduced: Amends the Chicago Teacher Article of the Pension Code to increase the minimum total survivor's pension to 50% of the earned retirement pension for survivors of members who died before January 1, 1987. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) According to the Fund's actuary, HB 3361 would increase the accrued liability of the Fund by an estimated $5.6 million. The increase in total annual cost is estimated to be $276,000, or 0.02% of payroll. The total annual cost will grow commen- surate with the payroll. 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