House Sponsors: MCAULIFFE-CAPPARELLI-SAVIANO. Short description: PENCD-CHGO FIRE-MANDATORY RET Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status