MURPHY. 40 ILCS 5/17-122 from Ch. 108 1/2, par. 17-122 30 ILCS 805/8.26 new Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that, beginning January 1, 2003, the minimum survivor's or child's pension shall be at least $400 per month. Provides that, beginning January 1, 2003, the minimum total survivor's and children's pension payable upon the death of a contributor or annuitant that occurred before January 1, 1987 shall be 50% of the earned retirement pension of that contributor or annuitant. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) According to an analysis prepared by the Fund's actuary, HB3701 would increase the accrued liability of the Fund by an esti- mated $5.6 million. The increase in total annual cost is esti- mated to be $276,000, or 0.02% of payroll. NOV-28-2001 H FILED WITH CLERK NOV-29-2001 H FIRST READING NOV-29-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-22-2002 H PENSION NOTE FILED JAN-22-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary