SMITH,MICHAEL. 40 ILCS 5/15-136 from Ch. 108 1/2, par. 15-136 40 ILCS 5/15-154 from Ch. 108 1/2, par. 15-154 Amends the State Universities Article of the Illinois Pension Code. Provides that for a police officer or firefighter who retires on or after the effective date and receives a money-purchase annuity calculated under Rule 2, the additional normal contributions required to be paid by police officers and firefighters shall be included in the calculation of the annuity rather than refunded to the annuitant. Effective immediately. PENSION NOTE (Pension Laws Commission) Fiscal impact is minor. SURS accrued liability would increase by $374,000 and normal costs by $18,000 annually. 98-01-14 H FILED WITH CLERK 98-01-20 H FIRST READING 98-01-20 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-02-25 H PENSION NOTE FILED 98-02-25 H COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary