92nd General Assembly
Summary of SB0676
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Senate Sponsors:
MOLARO.

Short description: 
PEN CD-SURS-ONE-TIME INCREASE                                              

Synopsis of Bill as introduced:
        Amends the State Universities Article  of  the  Illinois  Pension      
   Code.    Provides  for  a  one-time increase in certain retirement and      
   survivor's annuities.  Effective immediately.                               
          PENSION NOTE (Pension Laws Commission)                               
          SB 676 will increase the accrued liability of SURS by an             
          estimated $105.6 million. Total employer contributions would         
          increase by 0.24% of payroll (to 11.22% of payroll).                 
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status