House Sponsors: SMITH,MICHAEL. Short description: PEN CD-SURS-30 YRS AND OUT Synopsis of Bill as introduced: Amends the State Universities Article of the Illinois Pension Code. Allows retirement at any age with 30 years of service. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 192 would increase the accrued liability of SURS by $61.4 million. The estimated increase in FY 2002 employer contribu- tions is $0.1 million, or 0.01% of payroll, and in FY 2010 is $1.3 million, or 0.03% of payroll. After 2010, the increase in required contributions is expected to remain 0.03% of payroll for the remainder of the PA 88-593 funding period. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status