Illinois General Assembly - Bill Status for SB1488

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Bill Status of SB1488 101st General Assembly

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Short Description: PEN CD-UNIV-INCR DEATH BENEFIT

Senate Sponsors
Sen. James F. Clayborne, Jr.

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/15-142

from Ch. 108 1/2, par. 15-142

40 ILCS 5/15-145

from Ch. 108 1/2, par. 15-145

Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Increases certain death benefits from $1,000 to $5,000. Provides that these benefits are in the nature of life insurance and are intended to be not subject to the federal income tax. Effective immediately.

	Pension Note (Government Forecasting & Accountability)
	The System's actuary has determined the cost to be very minor.

Actions

Date	Chamber	Action
2/23/2005	Senate	Filed with Secretary by Sen. James F. Clayborne, Jr.
2/23/2005	Senate	First Reading
2/23/2005	Senate	Referred to Rules
3/2/2005	Senate	Assigned to Pensions & Investments
3/9/2005	Senate	To Subcommittee
3/11/2005	Senate	Pension Note Filed from the Commission on Government Forecasting and Accountability.
3/18/2005	Senate	Rule 3-9(a) / Re-referred to Rules
1/9/2007	Senate	Session Sine Die

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