House Sponsors: SMITH,MICHAEL. Short description: PEN CD-UNIV-DISABILITY 3% INCR Synopsis of Bill as introduced: Amends the State Universities Article of the Illinois Pension Code. Changes the initial automatic annual increase in disability benefit from 7%, payable after 4 years, to 0.25% for each full month since the benefit began, payable on the January 1 next following the granting of the benefit. Effective immediately. PENSION NOTE (Pension Laws Commission) The System's actuary has estimated that HB 2368 will increase the actuarial liability of SURS by $6.2 million. The increase in State contributions has not been calculated but is expected to be 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