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