40 ILCS 5/14-135.11 new
Amends the State Employee Article of the Illinois Pension Code.
Directs the Board to study and report on a defined contribution
retirement plan as an alternative to the benefits currently provided
by the System. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact cannot be determined, as SB 966 merely
authorizes SERS to study and report on a defined contribution
plan. SB 966 does not outline the funding, investments, or
other aspects of the defined contribution plan.
FEB-22-2001 S FIRST READING
FEB-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAR-01-2001 S PENSION NOTE FILED AS INTRODUCED
MAR-06-2001 S TO SUBCOMMITTEE
MAR-06-2001 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
END OF INQUIRY
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