92nd General Assembly
Status of SB1840
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   40 ILCS 5/15-135          from Ch. 108 1/2, par. 15-135                     

        Amends the State Universities Article  of  the  Illinois  Pension      
   Code.    Allows  retirement  at  any  age  with  30  years of service,      
   beginning in 2002.  Effective immediately.                                  
          PENSION NOTE (Pension Laws Commission)                               
          The System's actuary estimates that SB 1840 would increase the       
          actuarial liability by $61.4 million. The increase in employer       
          contributions in FY 2010 is expected to be about $1.2 million,       
          or 0.03% of payroll.                                                 
   FEB-06-2002  S  FIRST READING                                                  
   FEB-06-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-20-2002  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   FEB-21-2002  S  ADDED AS A CHIEF CO-SPONSOR              LUECHTEFELD           
   FEB-22-2002  S                        PENSION NOTE FILED AS INTRODUCED         
   FEB-26-2002  S       DO PASS                             006-000-000   SINS    
   FEB-26-2002  S  PLACED ON CALENDAR ORDER OF 2ND READING  02-02-27              
   FEB-27-2002  S  SECOND READING                                                 
   FEB-27-2002  S  PLACED ON CALENDAR ORDER OF 3RD READING  02-02-28              
   MAR-05-2002  S  THIRD READING - PASSED                   056-000-000           
   MAR-05-2002  H  ARRIVE IN HOUSE                                                
   MAR-05-2002  H  PLACED CALENDAR ORDER OF FIRST READING                         
   MAR-06-2002  H  HOUSE SPONSOR                            BERNS                 
   MAR-13-2002  H  FIRST READING                                                  
   MAR-13-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-09-2002  H  ADDED AS A JOINT SPONSOR                 POE                   
   APR-10-2002  H  ADDED AS A JOINT SPONSOR                 BOST                  
   APR-10-2002  H  ADDED AS A JOINT SPONSOR                 MYERS,RICHARD         
   APR-10-2002  H  ADDED AS A JOINT SPONSOR                 WINKEL                
   JAN-07-2003  S  SESSION SINE DIE                                               


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