House Sponsors: SMITH,MICHAEL. Short description: PEN CD-SERS-ALTERNATE SURVIVOR Synopsis of Bill as introduced: Amends the State Employee Article of the Illinois Pension Code. Increases the minimum total survivor's annuity benefit payable to the survivor's annuity beneficiaries of a deceased member who was earning eligible creditable service at the time of termination of service or of a deceased annuitant whose retirement annuity was calculated under the alternative formula. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 2313 would increase the accrued liability of SERS by an estimated $65.0 million. The increase in annual cost has not been calculated; however, the total cost increase amortized over a 43-year period is 0.1796% of payroll. 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