91st General Assembly
Status of SB0295
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MAITLAND.

   40 ILCS 5/15-136.3                                                          
   40 ILCS 5/15-146          from Ch. 108 1/2, par. 15-146                     

        Amends the State Universities Article of the Illinois Pension          
   Code. Provides for a change in the minimum survivor annuity. Provides       
   for a compounded 3% annual increase in both retirement and survivor         
   minimums.  Effective immediately.                                           
          PENSION NOTE (Pension Laws Commission)                               
          FY              Required Contribution                  %Payroll      
          2005                  $0.9 million                        0.03%      
          2010                   2.2 million                        0.05%      
          2020                   3.5 million                        0.05%      
          2030                   6.0 million                        0.05%      
          2040                  10.2 million                        0.05%      
          2045                  13.3 million                        0.05%      
   99-02-17  S  FIRST READING                                                  
   99-02-17  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-02-17  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   99-03-02  S       TO SUBCOMMITTEE                                           
   99-03-08  S                        PENSION NOTE FILED                       
   99-03-08  S                   COMMITTEE               INS & PENS.           
   99-03-20  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary