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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status