92nd General Assembly
Status of SB0409
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 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.    Provides  for  a  change  in  the  minimum  survivor annuity.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          Currently, the minimum SURS (as well as SERS and TRS) sur-           
          vivor's annuity is 50% of the member's accrued or actual             
          annuity. SB 409 creates a minimum survivor's annuity of $17.50       
          per year of the member's service credit, up to a maximum of 30       
          years of service, beginning January 1, 2002. The System's            
          actuary estimates the cost of SB 409 to be minor.                    
   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-12-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-12-2001  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