SMITH,MICHAEL. 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135 Amends the State Universities Article of the Illinois Pension Code. Allows retirement at any age with 30 years of service, beginning in 2002. Effective immediately. PENSION NOTE (Pension Laws Commission) The System's actuary estimates that HB 2371 would increase the actuarial liability by $61.4 million. The estimated increase in FY 2001 employer contributions is $0.1 million, or 0.01% of payroll. The increase in employer contributions in FY 2010 is expected to be about $1.2 million, or 0.03% of payroll. FEB-23-2001 H FILED WITH CLERK FEB-23-2001 H FIRST READING FEB-23-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-27-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-12-2001 H PENSION NOTE FILED MAR-12-2001 H COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary