90th General Assembly
Status of HB3587
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SMITH,MICHAEL.

   40 ILCS 5/15-103.1 new                                                      
   40 ILCS 5/15-103.2 new                                                      
   40 ILCS 5/15-103.3 new                                                      
   40 ILCS 5/15-134.5 new                                                      
   40 ILCS 5/15-135          from Ch. 108 1/2, par. 15-135                     
   40 ILCS 5/15-136          from Ch. 108 1/2, par. 15-136                     
   40 ILCS 5/15-136.4                                                          
   40 ILCS 5/15-141          from Ch. 108 1/2, par. 15-141                     
   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                     
   40 ILCS 5/15-146          from Ch. 108 1/2, par. 15-146                     
   40 ILCS 5/15-154          from Ch. 108 1/2, par. 15-154                     
   40 ILCS 5/15-157          from Ch. 108 1/2, par. 15-157                     
   40 ILCS 5/15-158.2                                                          
   40 ILCS 5/15-158.3                                                          
   40 ILCS 5/15-165          from Ch. 108 1/2, par. 15-165                     
   40 ILCS 5/15-167          from Ch. 108 1/2, par. 15-167                     
   30 ILCS 805/8.22 new                                                        

        Amends the State Universities Article of the Pension Code.  Makes      
   numerous changes in relation to the implementation and  administration      
   of the optional retirement program (renamed the self-managed plan) and      
   the  portable benefit package.  Makes participants in the self-managed      
   plan eligible  for  certain  benefits  under  the  Retirement  Systems      
   Reciprocal Act.  Also specifies that required age 70 1/2 distributions      
   are  payable  regardless of whether an application has been filed, and      
   delays those required distributions  for  one  year  in  the  case  of      
   persons  turning  age  70 1/2  before  April  1  of  a  calendar year.      
   Provides that the System need  not  make  an  involuntary  age  70 1/2      
   distribution  to  a person who is employed under any retirement system      
   that participates in the Retirement Systems Reciprocal  Act.    Amends      
   the   State   Mandates   Act   to   require   implementation   without      
   reimbursement.  Effective immediately.                                      
   98-02-17  H  FILED WITH CLERK                                               
   98-02-17  H  FIRST READING                                                  
   98-02-17  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



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