92nd General Assembly
Status of HB2371
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 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,      
   beginning in 2002.  Effective immediately.                                  
          PENSION NOTE (Pension Laws Commission)                               
          The System's actuary estimates that HB 2371 would increase the       
          actuarial liability by $61.4 million. The estimated increase in      
          FY 2001 employer contributions is $0.1 million, or 0.01% of          
          payroll. The increase in employer contributions in FY 2010 is        
          expected to be about $1.2 million, or 0.03% of payroll.              
   FEB-23-2001  H  FILED WITH CLERK                                               
   FEB-23-2001  H  FIRST READING                                                  
   FEB-23-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-27-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-12-2001  H                        PENSION NOTE FILED                       
   MAR-12-2001  H                   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