40 ILCS 5/14-121 from Ch. 108 1/2, par. 14-121
Amends the State Employee Article of the Illinois Pension Code.
Increases the minimum total survivor's annuity benefit payable to the
survivor's annuity beneficiaries of a deceased member who was earning
eligible creditable service at the time of termination of service or
of a deceased annuitant whose retirement annuity was calculated under
the alternative formula. Effective immediately.
PENSION NOTE (Pension Laws Commission)
HB 2313 would increase the accrued liability of SERS by an
estimated $65.0 million. The increase in annual cost has not
been calculated; however, the total cost increase amortized
over a 43-year period is 0.1796% of payroll.
FEB-22-2001 H FILED WITH CLERK
FEB-22-2001 H FIRST READING
FEB-22-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES
FEB-27-2001 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
END OF INQUIRY
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