PEN CD-CHGO POL-3% COMPOUNDED Senate SponsorsSen. William Delgado 1/13/2009SenateSession 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 805/8.31 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. 2/9/2007SenateFiled with Secretary by Sen. William Delgado 2/9/2007SenateFirst Reading 2/9/2007SenateReferred to Rules 2/21/2007SenateAssigned to Pensions and Investments 3/16/2007SenateRule 3-9(a) / Re-referred to Rules 1/13/2009SenateSession Sine Die