Date	Chamber	Action
1/11/2005	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 (Pension Laws Commission)
	The System's actuary has determined the cost of SB 589 to be negligible

	Fiscal Note (State Universities Retirement System)
	This proposal would add only $2.5 million to the SURS actuarial accrued liability. It would diminish the SURS funding ration by .01% and increase the State's ultimate contribution rate by .02%.

Actions 

Date	Chamber	Action
2/18/2003	Senate	Filed with Secretary by Sen. James F. Clayborne, Jr.
2/18/2003	Senate	First Reading
2/18/2003	Senate	Referred to Rules
2/19/2003	Senate	Assigned to Licensed Activities
2/26/2003	Senate	Re-referred to Rules
2/26/2003	Senate	Re-assigned to Insurance & Pensions
2/28/2003	Senate	Pension Note Filed As Introduced
3/5/2003	Senate	To Subcommittee
3/13/2003	Senate	Do Pass Insurance & Pensions; 010-000-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/18/2003	Senate	Fiscal Note Requested by Sen. Bill Brady
3/24/2003	Senate	Added as Co-Sponsor Sen. Richard J. Winkel, Jr.
3/25/2003	Senate	Fiscal Note Filed
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
7/1/2003	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
11/15/2004	Senate	Chief Co-Sponsor Changed to Sen. Bill Brady
1/11/2005	Senate	Session Sine Die

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