PEN CD-DNST POL-4% ANNUAL INCR House SponsorsRep. Frank J. Mautino 1/11/2005HouseSession Sine Die 40 ILCS 5/3-111.1from Ch. 108 1/2, par. 3-111.130 ILCS 805/8.27 new Amends the Downstate Police Article of the Illinois Pension Code. Increases the rate of automatic annual increase in retirement pension from 3% to 4%. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Pension Laws Commission) Based on 1996 membership data for all Downstate Police pension funds provided by the Department of Insurance, the Commission's actuary estimates HB 2467 would increase the accrued liability of the funds by $354.3 million. The estimated increase in total annual costs is $31.7 million or 5.35% of payroll. The annual cost would vary widely by employer and increase commensurate with payroll. 2/20/2003HouseFiled with the Clerk by Rep. Frank J. Mautino 2/20/2003HouseFirst Reading 2/20/2003HouseReferred to Rules Committee 2/26/2003HouseAssigned to Executive Committee 3/13/2003HouseRule 19(a) / Re-referred to Rules Committee 3/24/2003HousePension Note Filed 1/11/2005HouseSession Sine Die