91st General Assembly
Status of HB3832
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 Full Text  Bill Summary
KLINGLER-POE.

   40 ILCS 5/14-115.1 new                                                      

        Amends the State Employee Article of the Illinois  Pension  Code.      
   Provides  an  additional  benefit  payment  for  certain survivors and      
   retirees.  Applies only to fiscal  years  before  2005  in  which  the      
   System's  return  on  investment exceeds the actuarial assumed rate of      
   return.  Effective immediately.                                             
          PENSION NOTE (Pension Laws Commission)                               
          There is no increase in accrued liability associated with            
          HB 3832, but there would be an increase in State contributions       
          over time (by an amount that cannot be determined), as some          
          investment returns would be paid out as benefits instead of          
          reinvested.                                                          
   00-01-24  H  FIRST READING                                                  
   00-01-24  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   00-02-10  H                        PENSION NOTE FILED                       
   00-02-10  H                   COMMITTEE               RULES                 
   00-02-16  H  ADDED AS A JOINT SPONSOR                 POE                   
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary