House Sponsors: BOST. Short description: SURS-GROUP INSURANCE COST Synopsis of Bill as introduced: Amends the State Employees Group Insurance Act of 1971 and the Illinois Pension Code. Allows certain participants in the State Universities Retirement System to elect to forgo certain changes in the retirement annuity formula made by Public Act 90-65 and thereby avoid the additional cost of group health insurance imposed under that Public Act. Also eliminates the additional insurance cost for certain survivors. Eliminates provisions relating to "new SURS retired employees". Also makes technical corrections. Effective immediately. PENSION NOTE Unfunded liabilities and annual costs may be reduced very slightly; retiree premiums would increase. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status