92nd General Assembly
Status of HB2313
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 Full Text  Bill Summary

   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                                               


 Full Text  Bill Summary