92nd General Assembly
Status of HB0192
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   40 ILCS 5/15-135          from Ch. 108 1/2, par. 15-135                     

        Amends the State Universities Article  of  the  Illinois  Pension      
   Code.   Allows  retirement  at  any  age  with  30  years  of service.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          HB 192 would increase the accrued liability of SURS by $61.4         
          million. The estimated increase in FY 2002 employer contribu-        
          tions is $0.1 million, or 0.01% of payroll, and in FY 2010 is        
          $1.3 million, or 0.03% of payroll. After 2010, the increase in       
          required contributions is expected to remain 0.03% of payroll        
          for the remainder of the PA 88-593 funding period.                   
   JAN-11-2001  H  FILED WITH CLERK                                               
   JAN-30-2001  H  FIRST READING                                                  
   JAN-30-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-30-2001  H                        PENSION NOTE FILED                       
   JAN-30-2001  H                   COMMITTEE               RULES                 
   JAN-31-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary