House Sponsors: SMITH,MICHAEL. Short description: PEN CD-SURS-POLICE MONEY PURCH Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status