Bill Status of SB 320   96th General Assembly


Short Description:  SURS-6%-MINIMAL SALARY

Senate Sponsors
Sen. Gary Forby

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155

Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Provides that, if the final rate of earnings of an employee is $30,000 or below and the employee is not receiving benefits under any other Article of the Code, then any salary increase in excess of 6% for any academic year used to determine the final rate of earnings under the Article over his or her earnings with the same employer for the previous academic year is exempt from provisions requiring the participant's employer to pay the present value of the increase in benefits resulting from the portion of the increase in earnings that is in excess of 6%. Effective immediately.

Actions 
DateChamber Action
  2/6/2009SenateFiled with Secretary by Sen. Gary Forby
  2/6/2009SenateFirst Reading
  2/6/2009SenateReferred to Assignments
  2/10/2009SenateAssigned to Pensions and Investments
  2/19/2009SenateTo Pensions & Investments Subcommittee on Pension Benefit Enhancements
  3/13/2009SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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