Senate Sponsors: LUECHTEFELD-MAITLAND. Short description: PEN CD-UNIV-INCREASE MINIMUM Synopsis of Bill as introduced: Amends the State Universities Article of the Illinois Pension Code. Provides for a change in the minimum survivor annuity. Effective immediately. PENSION NOTE (Pension Laws Commission) Currently, the minimum SURS (as well as SERS and TRS) sur- vivor's annuity is 50% of the member's accrued or actual annuity. SB 409 creates a minimum survivor's annuity of $17.50 per year of the member's service credit, up to a maximum of 30 years of service, beginning January 1, 2002. The System's actuary estimates the cost of SB 409 to be 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 Full Text Bill Status