MAITLAND. 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 S FIRST READING 98-02-17 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary