PEN CD-CHGO POL-3% COMPOUNDED House SponsorsRep. Michael P. McAuliffe-Kevin Joyce-Angelo Saviano-Joseph M. Lyons 1/9/2007HouseSession Sine Die 40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.140 ILCS 5/5-167.2from Ch. 108 1/2, par. 5-167.230 ILCS 805/8.30 new Amends the Chicago Police Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. Also increases it to 3%, reduces the minimum age to 55, and removes the 30% maximum increase limitation for all annuitants. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 1/19/2006HouseFiled with the Clerk by Rep. Michael P. McAuliffe 1/19/2006HouseFirst Reading 1/19/2006HouseReferred to Rules Committee 1/24/2006HouseAdded Chief Co-Sponsor Rep. Kevin Joyce 1/24/2006HouseAdded Chief Co-Sponsor Rep. Angelo Saviano 1/24/2006HouseAdded Chief Co-Sponsor Rep. Joseph M. Lyons 1/9/2007HouseSession Sine Die