92nd General Assembly
Status of SB0411
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 Full Text  Bill Summary

   40 ILCS 5/15-153.3        from Ch. 108 1/2, par. 15-153.3                   

        Amends the State Universities Article  of  the  Illinois  Pension      
   Code.   Changes  the  initial  automatic annual increase in disability      
   benefit from 7%, payable after 4 years, to 0.25% for each  full  month      
   since  the  benefit began, payable on the January 1 next following the      
   granting of the benefit.  Effective immediately.                            
          PENSION NOTE (Pension Laws Commission)                               
          The System's actuary has estimated that SB 411 will increase         
          the actuarial liability of SURS by $6.2 million.  The increase       
          in State contributions has not been calculated but is expected       
          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