House Sponsors: SMITH,MICHAEL. Short description: PEN CD-UNIV-30 YEARS ANY AGE Synopsis of Bill as introduced: Amends the State Universities Article of the Illinois Pension Code. Allows retirement at any age with 30 years of service, beginning in 2002. Effective immediately. PENSION NOTE (Pension Laws Commission) The System's actuary estimates that HB 2371 would increase the actuarial liability by $61.4 million. The estimated increase in FY 2001 employer contributions is $0.1 million, or 0.01% of payroll. The increase in employer contributions in FY 2010 is expected to be about $1.2 million, or 0.03% of payroll. 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