LUECHTEFELD-MAITLAND. 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. PENSIONS NOTE (Pension Laws Commission) The System's actuary estimates that SB 407 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-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-06-2001 S TO SUBCOMMITTEE MAR-12-2001 S PENSION NOTE FILED AS INTRODUCED MAR-12-2001 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