MCAULIFFE-CAPPARELLI-SAVIANO. 40 ILCS 5/6-124.1 new 30 ILCS 805/8.26 new Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides a new retirement annuity formula for persons who are required to withdraw from service with at least 10 but less than 20 years of service credit due to reaching mandatory retirement age; also makes them eligible for the automatic annual increase. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The fiscal impact of HB 4232 has not been determined. Accord- ing to the Fund, the fiscal impact of HB 4232 is expected to be minor, as the number of members who are required to retire at age 63 with less than 20 years of service is small. JAN-30-2002 H FILED WITH CLERK JAN-30-2002 H ADDED AS A JOINT SPONSOR CAPPARELLI JAN-30-2002 H ADDED AS A JOINT SPONSOR SAVIANO JAN-30-2002 H FIRST READING JAN-30-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary