90th General Assembly
Summary of SB1421
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Senate Sponsors:

Short description: 
PEN CD-UNIV-THIRTEENTH CHECK                                               

Synopsis of Bill as introduced:
        Amends the  State  Universities  Article  of  the  Pension  Code.      
   Provides  for  an additional payment to persons receiving a retirement      
   or survivor annuity, equal to half the monthly benefit, to be paid  on      
   the  December  31  next  following a fiscal year in which the System's      
   investment return is at least 190% of the prescribed rate of  interest      
   determined for that year by the Board.  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 -   0


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