92nd General Assembly
Summary of SB1134
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Senate Sponsors:
GEO-KARIS.

Short description: 
PEN CD-DNST TCHR-ANNUAL INCR                                               

Synopsis of Bill as introduced:
        Amends the Downstate Teacher  Article  of  the  Illinois  Pension      
   Code.  Accelerates the automatic annual increase in retirement annuity      
   by deleting the age 61 requirement.  Effective immediately.                 
          PENSION IMPACT NOTE (Illinois Pension Laws Commission)               
          The System's actuary estimates that SB 1134 will increase the        
          actuarial liability of TRS by $344.4 million. The increase in        
          annual costs has not been calculated.                                
 
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