91st General Assembly
Summary of SB0303
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Senate Sponsors:
MAITLAND.

Short description: 
PEN CD-UNIV-RECIPROCAL-ADMIN                                               

Synopsis of Bill as introduced:
        Amends the State Universities  and  Reciprocal  Articles  of  the      
   Illinois Pension Code. Specifies the conditions under which certain         
   transition pay is included as earnings for pension purposes. Applies        
   only to transition pay paid by the University of Illinois to a person       
   who was a participating employee employed in the fire department of         
   the University of Illinois's Champaign-Urbana campus immediately prior      
   to the elimination of that fire department. In relation to the              
   optional retirement plans offered by the State Universities Retirement      
   System, changes the way in which the Retirement Systems Reciprocal Act      
   applies to participants in the self-managed plan and the portable           
   benefit package; makes other changes. Deletes language reducing the         
   retirement annuity of a person who retires before age 60  and  returns      
   to  employment  under  Article  14  or  16  of  the  Code.   Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          Fiscal impact cannot be determined; some provisions may have a       
          very minor fiscal impact.                                            
 
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