PEN CD-CHGO POL-3% COMPOUNDED House SponsorsRep. Kevin Joyce 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 805/8.29 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. 2/3/2005HouseFiled with the Clerk by Rep. Kevin Joyce 2/3/2005HouseFirst Reading 2/3/2005HouseReferred to Rules Committee 2/8/2005HouseAssigned to Executive Committee 3/10/2005HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007HouseSession Sine Die