91st General Assembly
Summary of SB0296
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Senate Sponsors:
MAITLAND.

Short description: 
PEN CD-ONE-TIME INCREASES                                                  

Synopsis of Bill as introduced:
        Amends the State Universities Article of the Illinois Pension          
   Code to provide for a one-time increase in certain retirement and           
   survivor's annuities. Effective immediately.                                
          PENSION NOTE (Pension Laws Commission)                               
          FY              Required Contribution                  %Payroll      
          2005                  $1.4 million                        0.04%      
          2010                   3.2 million                        0.07%      
          2020                   5.2 million                        0.07%      
          2030                   8.8 million                        0.07%      
          2040                  15.0 million                        0.07%      
          2045                  19.6 million                        0.07%      
 
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 



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