92nd General Assembly
Summary of HB1063
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House Sponsors:
SMITH,MICHAEL.

Short description: 
PEN CD-UNIV-SURVIVORS AGE 50                                               

Synopsis of Bill as introduced:
        Amends the State Universities Article  of  the  Illinois  Pension      
   Code.  Allows a surviving spouse without dependents to begin receiving      
   survivor's benefits before attaining age 50.  Effective immediately.        
          PENSION NOTE (Pension Laws Commission)                               
          HB 1063 would increase the accrued liability of SURS by $4.7         
          million. The resulting increase in annual cost has not been          
          calculated but is estimated by SURS to be very minor.                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status