Illinois General Assembly - Bill Status for HB1564
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 Bill Status of HB1564  93rd General Assembly


Short Description:  PENCD-SERS-ALTERNATE FORMULA

House Sponsors
Rep. Michael K. Smith

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/14-108from Ch. 108 1/2, par. 14-108


Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. Expands the special retirement formula for credit as a security employee of the Department of Corrections or Human Services to include all eligible (alternative formula) creditable service. Effective immediately.

 Pension Note (Pension Laws Commission)
 The fiscal impact of HB 1564 cannot be calculated, as the number of additional SERS members eligible to receive an annuity based, at least in part, on the alternative formula cannot be determined.

Actions 
DateChamber Action
  2/7/2003HouseFiled with the Clerk by Rep. Michael K. Smith
  2/10/2003HouseFirst Reading
  2/10/2003HouseReferred to Rules Committee
  2/11/2003HouseAssigned to Executive Committee
  2/20/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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