PEN CD-UNIV-30 YEARS ANY AGE
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,
beginning in 2002. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The System's actuary estimates that SB 1840 would increase the
actuarial liability by $61.4 million. The increase in employer
contributions in FY 2010 is expected to be about $1.2 million,
or 0.03% of payroll.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status