PEN CD-CHI POL-ANNUAL INCREASE Senate SponsorsSen. Robert F. Martwick 1/10/2023SenateSession Sine Die 40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.130 ILCS 805/8.45 newAmends the Chicago Police Article of the Illinois Pension Code. Removes a birthdate restriction on eligibility at age 55 for a 3% automatic annual increase in retirement annuity that is not subject to a maximum increase of 30%. Makes a related change. Specifies the timing of an initial increase in retirement annuity for persons who have not received the initial increase before January 1, 2021. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/26/2021SenateFiled with Secretary by Sen. Robert F. Martwick 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 1/10/2023SenateSession Sine Die