SAVIANO. 40 ILCS 5/17-119.1 30 ILCS 805/8.26 new Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that a member who elects to receive an optional increase in retirement annuity may make the required contributions in installments over a 24-month period regardless of when the member becomes an annuitant (currently the member must become an annuitant before June 30, 2003). Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) According to the Fund's actuary, the fiscal impact of HB 3707 is estimated to be minor. NOV-29-2001 H FILED WITH CLERK NOV-29-2001 H FIRST READING NOV-29-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-15-2002 H PENSION NOTE FILED FEB-15-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary