RADOGNO. 40 ILCS 5/5-154 from Ch. 108 1/2, par. 5-154 40 ILCS 5/5-154.1 from Ch. 108 1/2, par. 5-154.1 30 ILCS 805/8.25 new Amends the Chicago Police Article of the Illinois Pension Code. Increases the duty disability benefit to 75% of the current salary attached from time to time to the rank held by the policeman at the time of removal from the police department payroll; makes this change retroactive to January 1, 2001. Increases the child's duty disability and occupational disease disability pension to $100; makes this change retroactive to January 1, 2000. 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 (based on 12/31/98 membership data), the estimated increase in accrued liability due to SB 347 is $141.5 million. The increase in normal cost is estimated to be $3.1 million and the annual payment needed to amortize the estimated increase in the accrued liability over 40 years is $7.0 million. Therefore, the estimated 1st year cost of SB 347 is $10.1 million, or 1.38% of payroll. As payroll grows, the annual cost will increase commensurate with payroll. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-21-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-06-2001 S TO SUBCOMMITTEE MAR-30-2001 S PENSION NOTE FILED AS INTRODUCED MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary