Senate Sponsors: DONAHUE AND DILLARD. Short description: PEN CD-ST EMPL-ADMINISTRATIVE Synopsis of Bill as introduced: Amends the General Assembly Article of the Illinois Pension Code to allow a refund of excess contributions to be paid to a beneficiary designated by the member's surviving spouse. Amends the State Employee Article of the Illinois Pension Code. Authorizes the Board to adopt rules governing the repayment of refunds and establishment of credits in cases involving awards of back pay or reinstatement. Provides that the rules may authorize repayment of a refund in installment payments and may waive the payment of interest on refund amounts repaid in full within a specified period. Specifies that members of certain professional licensing and disciplinary boards who are compensated on a per-diem basis do not participate in the System. Removes the requirement that certain security employees of the Department of Corrections or Human Services must be employed full-time in order to qualify for their special retirement formula. Amends the Social Security Enabling Act Article of the Illinois Pension Code. Abolishes the Social Security Contribution Fund at the close of business on June 30, 1997. Deletes obsolete references to the Fund. Transfers any remaining balance into the Social Security Administration Fund. Effective immediately. PENSION IMPACT NOTE SB 115 will have an minimal fiscal impact on these retirement systems. 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