Senate Sponsors: BOMKE. Short description: PEN CD-SERS-13TH CHECK Synopsis of Bill as introduced: Amends the State Employee Article of the Illinois Pension Code. Provides an additional benefit payment for certain survivors and retirees. Applies only to fiscal years before 2005 in which the System's return on investment exceeds the actuarial assumed rate of return. Effective immediately. PENSION NOTE (Pension Laws Commission) There is no increase in accrued liability associated with SB 1702, but there is a cost (that cannot be determined), as some investment returns that would normally remain with SERS to be reinvested would instead be paid out as benefits. This would increase State contributions over time by an amount that cannot be determined. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status