Senate Sponsors: MADIGAN,R. Short description: PEN CD-OMNIBUS Synopsis of Bill as introduced: Amends the Illinois Pension Code. Amends numerous Articles of the Code to make changes affecting participation, eligibility, benefits, and administration of benefits. Also makes technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) State Employees' Retirement System Increase in accrued liability $327.7 million Increase in total annual cost not calculated Teachers' Retirement System Increase in accrued liability $392.8 million Increase in total annual cost $ 21.3 million State Universities Retirement System Increase in accrued liability $ 31.3 million Increase in total annual cost $ 6.1 million Judges' Retirement System Increase in accrued liability minor Increase in total annual cost minor General Assembly Retirement System The fiscal impact of these provisions has not been calculated, but is expected to be relatively minor. Chicago Park District Employees' Pension Fund Increase in accrued liability minor Increase in total annual cost minor Chicago Firefighters' Pension Fund Increase in accrued liability $ 18.3 million Increase in total annual cost $ 1.7 million Chicago Police Pension Fund Increase in accrued liability $141.5 million Increase in total annual cost $ 10.2 million Chicago Municipal Pension Fund Increase in accrued liability minor Increase in total annual cost minor Chicago Laborers' Pension Fund Increase in accrued liability $162.8 million Increase in total annual cost $ 1.4 million Chicago Teachers' Pension Fund Increase in accrued liability $ 39.1 million Increase in total annual cost $ 8.1 million Cook County Employees' (and Forest Preserve) Pension Fund Increase in accrued liability $180.0 million Increase in total annual cost $ 28.8 million Downstate Police Pension Funds Increase in accrued liability minor Increase in total annual cost minor Illinois Municipal Retirement Fund Increase in accrued liability minor Increase in total annual cost minor Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status