SMITH,MICHAEL. 40 ILCS 5/15-146 from Ch. 108 1/2, par. 15-146 Amends the State Universities Article of the Illinois Pension Code. Increases the minimum survivor benefit from 50% to 60% of the retirement annuity. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $109.8 million Total annual cost in FY2000 (0.04% of payroll) $ 0.9 million Increase in annual contributions FY2005 (0.20%) $ 6.3 million Increase in annual contributions FY2010 (0.35%) $13.5 million Increase in annual contributions FY2020 (0.35%) $23.7 million Increase in annual contributions FY2030 (0.35%) $40.1 million Increase in annual contributions FY2040 (0.35%) $68.6 million Increase in annual contributions FY2045 (0.35%) $89.7 million 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-09 H PENSION NOTE FILED 99-03-09 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary