MURPHY. 40 ILCS 5/17-125 from Ch. 108 1/2, par. 17-125 30 ILCS 805/8.25 new Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that refunds of certain contributions shall include interest thereon at the rate of 5% per year, compounded annually. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) According to the Fund's actuary, HB 2212 would increase the accrued liability of the Fund by $14.8 million. The resulting increase in total annual cost is estimated to be $2.4 million, or 0.16% of payroll. FEB-22-2001 H FILED WITH CLERK FEB-22-2001 H FIRST READING FEB-22-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-23-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-12-2001 H PENSION NOTE FILED MAR-12-2001 H COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary