BOMKE. 40 ILCS 5/14-119 from Ch. 108 1/2, par. 14-119 40 ILCS 5/14-121 from Ch. 108 1/2, par. 14-121 Amends the State Employee Article of the Pension Code to remove the Social Security offset against widow and survivor annuities for all annuitants, beginning January 1, 2002. Effective immediately. PENSION NOTE (Pension Laws Commission) SB 217 would increase the accrued liabilities of SERS by an estimated $291 million. The estimated increase in the required annual State contribution is shown below. FY 2002 Estimated payroll $ 3,530.0 million Estimated contributions $ 0.0 FY 2003 Estimated payroll $ 3,654.0 million Estimated contributions $ 0.0 FY 2005 Estimated payroll $ 3,908.0 million Estimated contributions $ 0.0 FY 2010 Estimated payroll $ 4,585.0 million Estimated contributions $ 62.9 million FY 2020 Estimated payroll $ 6,341.0 million Estimated contributions $ 87.0 million FY 2030 Estimated payroll $ 9,183.0 million Estimated contributions $ 126.0 million FY 2045 Estimated payroll $16,584.0 million Estimated contributions $ 275.3 million FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-21-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-01-2001 S PENSION NOTE FILED AS INTRODUCED MAR-06-2001 S TO SUBCOMMITTEE MAR-06-2001 S COMMITTEE INS & PENS. MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary