90th General Assembly
Summary of SB0288
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Senate Sponsors:

Short description: 
PEN CD-UNIV-EARLY RETMNT                                                   

Synopsis of Bill as introduced:
        Amends the Pension Code to provide  early  retirement  incentives      
   for  members  of the State Universities Retirement System.  Applies to      
   certain persons applying for retirement  following  the  school  years      
   ending  in  1998  and  1999.   Grants  up  to  5  years  of additional      
   creditable service and up to 5 years of age enhancement.  Requires  an      
   employer   contribution   and   an  employee  contribution.  Effective      
          PENSION NOTE                                                         
          Fiscal impact cannot be determined due to the unknown number of      
          employers and employees who will participate.                        
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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