House Sponsors: BOST. Short description: SURS-HEALTH-FLAT RATE OPT-OUT Synopsis of Bill as introduced: Amends the State Employees Group Insurance Act of 1971 and the Illinois Pension Code to allow certain participants in the State Universities Retirement System to elect to forgo certain changes in the retirement annuity formula made by Public Act 90-65 and thereby avoid the additional cost of group health insurance imposed under that Public Act. Eliminates provisions relating to "new SURS retired employees". Effective immediately. PENSION NOTE (Pension Laws Commission) Fiscal impact cannot be determined; unfunded liabilities and annual costs may be reduced slightly; health insurance premiums would increase by an undetermined amount. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status