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.
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
END OF INQUIRY
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