GRANBERG. 40 ILCS 5/14-119 from Ch. 108 1/2, par. 14-119 40 ILCS 5/14-121 from Ch. 108 1/2, par. 14-121 Amends the State Employee Article of the Illinois Pension Code to remove the Social Security offset against widow and survivor annuities for all annuitants, beginning January 1, 2003. Effective immediately. PENSION NOTE (Pension Laws Commission) According to the System's actuary, HB 5001 would increase the accrued liabilities of the SERS by an estimated $219 million. The estimated increase in the required annual State contribu- tion, per P.A. 88-593, is as follows: FY 2003 estimated payroll $ 3,762.0 million FY 2003 estimated contributions 0.0 FY 2005 estimated payroll 4,020.0 million FY 2005 estimated contributions 4.1 million FY 2010 estimated payroll 4,711.0 million FY 2010 estimated contributions 31.2 million FY 2020 estimated payroll 6,518.0 million FY 2020 estimated contributions 43.2 million FY 2030 estimated payroll 9,445.0 million FY 2030 estimated contributions 62.6 million FY 2045 estimated payroll 17,042.0 million FY 2045 estimated contributions 112.8 million FEB-06-2002 H FILED WITH CLERK FEB-06-2002 H FIRST READING FEB-06-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-22-2002 H PENSION NOTE FILED FEB-22-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary