House Sponsors: SMITH,MICHAEL. Short description: PEN CD-SURS-SELF-MANAGED PLAN Synopsis of Bill as introduced: 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. 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