92nd General Assembly
Status of SB0408
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 Full Text  Bill Summary

   40 ILCS 5/15-146          from Ch. 108 1/2, par. 15-146                     

        Amends the State Universities Article of  the  Illinois  Pension       
   Code.   Increases  the minimum survivor benefit from 50% to 60% of the      
   retirement annuity.  Effective immediately.                                 
          PENSION NOTE (Illinois Pension Laws Commission)                      
          SB 408 would increase the accrued liability of SURS by $76           
          million. Total employer contributions would increase by 0.35%        
          of payroll (to 11.33% of payroll).                                   
   FEB-20-2001  S  FIRST READING                                                  
   FEB-20-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-19-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-19-2001  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                                               


 Full Text  Bill Summary