BOMKE AND WATSON.
40 ILCS 5/14-110 from Ch. 108 1/2, par. 14-110
Amends the State Employee Article of the Illinois Pension Code.
Provides the alternative (State police) retirement formula for certain
forensic employees of the Department of State Police. Effective
PENSION IMPACT NOTE (Illinois Pension Laws Commission)
According to the System's actuary, SB 277 would increase the
accrued liability of the System by about $12.2 million. The
increase in annual cost has not been calculated but is expected
to be minor. There are approximately 293 people affected.
FEB-20-2001 S FIRST READING
FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-21-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAR-06-2001 S TO SUBCOMMITTEE
MAR-07-2001 S ADDED AS A CO-SPONSOR WATSON
MAR-26-2001 S PENSION NOTE FILED AS INTRODUCED
MAR-26-2001 S COMMITTEE INS & PENS.
MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary