House Sponsors: POE-MITCHELL,BILL-CURRY,JULIE-KLINGLER-O'CONNOR, TENHOUSE, MCAULIFFE, BLACK AND JONES,JOHN. Senate Sponsors: MADIGAN,R-NOLAND-SULLIVAN-MYERS-BOMKE Short description: PEN CD-SERS-HIGHWAY WORKERS Synopsis of Bill as introduced: 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. Effective immediately. PENSION NOTE (Pension Laws Commission) According to the system's actuary, HB 0267 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 0267 would add 2,421 regular members of SERS to the alter- native formula. Last action on Bill: PUBLIC ACT.............................. 92-0257 Last action date: AUG-06-2001 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status