DANIELS. 40 ILCS 5/14-103.05 from Ch. 108 1/2, par. 14-103.05 40 ILCS 5/14-110 from Ch. 108 1/2, par. 14-110 Amends the State Employee Article of the Illinois Pension Code to put highway maintenance workers employed by IDOT or the Illinois State Toll Highway Authority under the alternative (State Police) retirement formula. Also allows certain persons to participate in the System while employed by a statewide labor organization that represents members of the System; allows those persons to purchase credit for certain prior service. Effective immediately. PENSION NOTE (Pension Laws Commission) According to the System's actuary, HB 0235 would increase the accrued liability of SERS by $75.5 million. The increase in annual cost is estimated to be 0.05% of payroll in FY 2001 ($2.0 million) and incrementally increase to 0.19% of payroll in FY 2010 ($8.5 million) and thereafter. According to SERS, HB 0235 would add 2,421 regular members of SERS to the alter- native formula. JAN-18-2001 H FILED WITH CLERK JAN-30-2001 H FIRST READING JAN-30-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-30-2001 H PENSION NOTE FILED JAN-30-2001 H COMMITTEE RULES JAN-31-2001 H MOTION TO ASSIGN HB 235 JAN-31-2001 H TO PERSONNEL & JAN-31-2001 H PENSIONS COMMITTEE JAN-31-2001 H -TENHOUSE JAN-31-2001 H MOTION LOST 002-003-000 JAN-31-2001 H COMMITTEE RULES FEB-06-2001 H MOTION TO ASSIGN HB 235 FEB-06-2001 H TO PERSONNEL & FEB-06-2001 H PENSIONS COMMITTEE FEB-06-2001 H -TENHOUSE FEB-06-2001 H MOTION LOST 002-000-003 FEB-06-2001 H COMMITTEE RULES FEB-07-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary