House Sponsors: CROSS. Short description: PENCD-SERS-ATTORNEY FORMULA Synopsis of Bill as introduced: Amends the Illinois Pension Code. Provides a special retirement formula and increases the contribution rate for full-time assistant attorneys general and attorneys employed full-time by the Office of the State Appellate Defender and the Office of the State's Attorneys Appellate Prosecutor. Allows them to reinstate and transfer certain service credits from the Cook County and IMRF retirement systems. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) HB 3378 would increase the accrued liability of the fund by $7.7 million. The increase in annual cost is estimated to be 0.3% of affected payroll (0.002% of total payroll), assuming the additional employee contribution of 4% of salary. Approxi- mately 450 SERS members would be considered eligible for the new retirement formula, per HB 3378. 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