RADOGNO. 40 ILCS 5/5-132 from Ch. 108 1/2, par. 5-132 30 ILCS 805/8.23 new Amends the Chicago Police Article of the Pension Code to base retirement benefits on the highest 12 months, rather than 4 years, of salary within the last 10 years of service, for persons retiring after December 31, 1999. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Estimated first year cost is $11.7 million (1.79% of payroll). PENSION NOTE, REVISED (Pension Laws Commission) Estimated first year cost is $14.1 million (1.92% of payroll). 99-01-27 S FIRST READING 99-01-27 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-27 S ASSIGNED TO COMMITTEE INS & PENS. 99-02-24 S TO SUBCOMMITTEE 99-03-08 S PENSION NOTE FILED 99-03-08 S COMMITTEE INS & PENS. 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 99-09-08 S PENSION NOTE FILED REVISED 99-09-08 S COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary