Senate Sponsors: MAITLAND. Short description: PEN CD-UNIV-INCREASE MINIMUM Synopsis of Bill as introduced: 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% Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status