Senate Sponsors: DONAHUE. Short description: ANNUITY-VOLUNTARY WITHHOLDING Synopsis of Bill as introduced: Amends the State Salary and Annuity Withholding Act and the Illinois Pension Code to authorize voluntary withholding from retirement and disability annuities payable from the State Universities Retirement System. Authorizes withholding under the State Salary and Annuity Withholding Act for the purpose of paying to the Department of Revenue amounts due or to become due under the Illinois Income Tax Act. Provides that the amounts withheld shall be paid without delay to the Department of Revenue or a depositary designated by the Department. Also makes technical corrections. Amends the Illinois Income Tax Act to provide that an individual may elect to have the amounts withheld under the State Salary and Annuity Withholding Act for payment of amounts due or to become due under the Illinois Income Tax Act treated as payments of estimated tax. Effective immediately. PENSION IMPACT NOTE It is estimated that SB 37 would have no impact on the liabili- ties of the State Universities Retirement System and would cause a slight increase in administration expenses. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status