House Sponsors: CURRY,JULIE. Short description: PEN CD-SURS-GRP INSUR ELECTION Synopsis of Bill as introduced: Amends the State Universities Article of the Illinois Pension Code. Allows certain participants to elect to forgo certain changes in the retirement annuity formula made by Public Act 90-65 and thereby avoid the additional cost of group health insurance imposed under that Public Act. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The fiscal impact of HB 4088 cannot be determined, as the num- ber of members who will retroactively elect to retire under the provisions of SURS prior to Public Act 90-0065 is unknown. HB 4088 may reduce the unfunded liabilities and annual cost of SURS very slightly. The premiums paid by the State for SURS re- tirees' health insurance will increase by an undetermined amount. 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