Senate Sponsors: MAITLAND-MADIGAN,R. Short description: PENCD-DNST TEACHER-ADMINISTRAT Synopsis of Bill as introduced: Amends the State Employees Group Insurance Act of 1971 in relation to health benefits for retired teachers. Eliminates coverage of certain dependent students who are age 23. Makes changes relating to the required contribution for annuitant health benefits that must be paid by persons establishing certain optional service credits in the Teachers' Retirement System. Amends the Downstate Teacher Article of the Pension Code. Permits the secretary of the Board to issue subpoenas. Permits the Board to adopt rules affecting the repayment of refunds, the purchase of optional service credits, the acceptance of partial payments, and the calculation of interest. Specifies that certain employee contributions that accrue during periods of disability are not refundable. Makes changes in provisions governing the valuation of the System's investments. Removes the requirement that the president of the board approve all vouchers. Changes certain requirements relating to educational employers. Effective immediately. PENSION IMPACT NOTE SB 668 has no fiscal impact on TRS accrued liabilities, but may affect fiscal reporting requirements for the System's assets. SENATE AMENDMENT NO. 1. Deletes reference to: 5 ILCS 375/3 from Ch. 127, par. 523 5 ILCS 375/6.6 40 ILCS 5/16-151 from Ch. 108 1/2, par. 16-151 40 ILCS 5/16-155 from Ch. 108 1/2, par. 16-155 40 ILCS 5/16-158.1 from Ch. 108 1/2, par. 16-158.1 40 ILCS 5/16-169.1 new 40 ILCS 5/16-179 from Ch. 108 1/2, par. 16-179 40 ILCS 5/16-181.3 new 40 ILCS 5/16-185 from Ch. 108 1/2, par. 16-185 40 ILCS 5/16-187 from Ch. 108 1/2, par. 16-187 Adds reference to: 40 ILCS 5/15-102 from Ch. 108 1/2, par. 15-102 Deletes everything. Amends the State Universities Article of the Pension Code to make a technical correction in a cross reference relating to definitions. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status