92nd General Assembly
Status of HB1012
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 Full Text  Bill Summary

   40 ILCS 5/14-110          from Ch. 108 1/2, par. 14-110                     

        Amends the State Employee Article of the Illinois  Pension  Code.      
   Provides  that persons under the alternative (State police) retirement      
   formula may retire at any age with 25  years  of  eligible  creditable      
   service.  Effective immediately.                                            
          PENSION NOTE (Pension Laws Commission)                               
          HB 1012 will increase the accrued liability of SERS by an            
          estimated $27.8 million. The increase in annual cost has not         
          been calculated but is expected to be minor.                         
   FEB-13-2001  H  FILED WITH CLERK                                               
   FEB-13-2001  H  FIRST READING                                                  
   FEB-13-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-15-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   MAR-26-2001  H                        PENSION NOTE FILED                       
   MAR-26-2001  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary