BRADLEY-BUGIELSKI-CAPPARELLI-LYONS,JOSEPH- MCAULIFFE AND SAVIANO. 40 ILCS 5/6-128 from Ch. 108 1/2, par. 6-128 40 ILCS 5/6-140 from Ch. 108 1/2, par. 6-140 40 ILCS 5/6-144 from Ch. 108 1/2, par. 6-144 40 ILCS 5/6-151 from Ch. 108 1/2, par. 6-151 30 ILCS 805/8.25 new Amends the Chicago Firefighter Article of the Illinois Pension Code to increase the maximum retirement annuity, duty disability benefit, and duty death benefit from 75% to 80% of salary. Also makes technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Based on the December 31, 2000 actuarial valuation, HB413 would increase the accrued liability of the Chicago Firefighters' Fund by an estimated $15.8 million. The level dollar annual payment needed to amortize the estimated increase in unfunded liability over 40 years is $1.3 million. The estimated annual increase in normal cost is $1.6 million, or 0.58% of payroll. Therefore, the estimated increase in total annual cost is $2.9 million, or 1.07% of payroll. As annual normal cost increases (as a dollar amount), the total annual cost will also increase. JAN-30-2001 H FILED WITH CLERK JAN-30-2001 H ADDED AS A JOINT SPONSOR BUGIELSKI JAN-30-2001 H ADDED AS A JOINT SPONSOR CAPPARELLI JAN-30-2001 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH JAN-30-2001 H ADDED AS A JOINT SPONSOR BURKE JAN-30-2001 H ADDED AS A CO-SPONSOR MCAULIFFE JAN-30-2001 H ADDED AS A CO-SPONSOR SAVIANO JAN-30-2001 H FIRST READING JAN-30-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-06-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL OCT-31-2001 H PENSION NOTE FILED OCT-31-2001 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary