Bill Status of SB 1488   94th General Assembly

Short Description:  PEN CD-UNIV-INCR DEATH BENEFIT

Senate Sponsors
Sen. James F. Clayborne, Jr.

Last Action  View All Actions

DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/15-142from Ch. 108 1/2, par. 15-142
40 ILCS 5/15-145from Ch. 108 1/2, par. 15-145

Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Increases certain death benefits from $1,000 to $5,000. Provides that these benefits are in the nature of life insurance and are intended to be not subject to the federal income tax. Effective immediately.

 Pension Note (Government Forecasting & Accountability)
 The System's actuary has determined the cost to be very minor.

Actions 
DateChamber Action
  2/23/2005SenateFiled with Secretary by Sen. James F. Clayborne, Jr.
  2/23/2005SenateFirst Reading
  2/23/2005SenateReferred to Rules
  3/2/2005SenateAssigned to Pensions & Investments
  3/9/2005SenateTo Subcommittee
  3/11/2005SenatePension Note Filed from the Commission on Government Forecasting and Accountability.
  3/18/2005SenateRule 3-9(a) / Re-referred to Rules
  1/9/2007SenateSession Sine Die

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