92nd General Assembly
Summary of SB0378
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Senate Sponsors:
BOMKE.

Short description: 
PEN CD-SURS-PART-TIME SERVICE                                              

Synopsis of Bill as introduced:
        Amends the State Universities Article  of  the  Illinois  Pension      
   Code.    Provides  that  a  specified  adjustment to reflect part-time      
   employment shall not be applied  when  calculating  the  amount  of  a      
   particular minimum monthly retirement benefit.  Effective immediately.      
          PENSION IMPACT NOTE (Illinois Pension Laws Commission)               
          The System's actuary estimates that SB 378 would increase the        
          accrued liability by less than $0.5 million. The increase in         
          required contributions would be very minor.                          
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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