SMITH,MICHAEL. 40 ILCS 5/15-153.3 from Ch. 108 1/2, par. 15-153.3 Amends the State Universities Article of the Illinois Pension Code. Changes the initial automatic annual increase in disability benefit from 7%, payable after 4 years, to 0.25% for each full month since the benefit began, payable on the January 1 next following the granting of the benefit. Effective immediately. PENSION NOTE (Pension Laws Commission) Accrued liability would increase by $6.2 million; annual cost is estimated to be minor. 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-09 H PENSION NOTE FILED 99-03-09 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary