90th General Assembly
Summary of SB0668
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Short description: 
PENCD-DNST TEACHER-ADMINISTRAT                                             

Synopsis of Bill as introduced:
        Amends the  State  Employees  Group  Insurance  Act  of  1971  in      
   relation to health benefits for retired teachers.  Eliminates coverage      
   of  certain dependent students who are age 23.  Makes changes relating      
   to the required contribution for annuitant health benefits  that  must      
   be  paid  by  persons establishing certain optional service credits in      
   the Teachers' Retirement System.  Amends the Downstate Teacher Article      
   of the Pension Code.  Permits the secretary  of  the  Board  to  issue      
   subpoenas.   Permits  the Board to adopt rules affecting the repayment      
   of refunds, the purchase of optional service credits,  the  acceptance      
   of  partial payments, and the calculation of interest.  Specifies that      
   certain  employee  contributions  that  accrue   during   periods   of      
   disability  are not refundable.  Makes changes in provisions governing      
   the valuation of the System's investments.   Removes  the  requirement      
   that the president of the board approve all vouchers.  Changes certain      
   requirements    relating    to   educational   employers.    Effective      
          PENSION IMPACT NOTE                                                  
          SB 668 has no fiscal impact on TRS accrued liabilities, but may      
          affect fiscal reporting requirements for the System's assets.        
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          5 ILCS 375/3                    from Ch. 127, par. 523               
          5 ILCS 375/6.6                                                       
          40 ILCS 5/16-151                from Ch. 108 1/2, par. 16-151        
          40 ILCS 5/16-155                from Ch. 108 1/2, par. 16-155        
          40 ILCS 5/16-158.1              from Ch. 108 1/2, par. 16-158.1      
          40 ILCS 5/16-169.1 new                                               
          40 ILCS 5/16-179                from Ch. 108 1/2, par. 16-179        
          40 ILCS 5/16-181.3 new                                               
          40 ILCS 5/16-185                from Ch. 108 1/2, par. 16-185        
          40 ILCS 5/16-187                from Ch. 108 1/2, par. 16-187        
          Adds reference to:                                                   
          40 ILCS 5/15-102                from Ch. 108 1/2, par. 15-102        
        Deletes everything.  Amends the State Universities Article of the      
   Pension Code to make a  technical  correction  in  a  cross  reference      
   relating to definitions.  Effective immediately.                            
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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