Illinois General Assembly - Bill Status for HB1555
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 Bill Status of HB1555  93rd General Assembly

Short Description:  PEN CD-SERS-ALTERNATE SURVIVOR

House Sponsors
Rep. Michael K. Smith

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

Statutes Amended In Order of Appearance
40 ILCS 5/14-121from Ch. 108 1/2, par. 14-121


Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. Increases the minimum total survivor's annuity benefit payable to the survivor's annuity beneficiaries of a deceased member who was earning eligible creditable service at the time of termination of service or of a deceased annuitant whose retirement annuity was calculated under the alternative formula. Effective immediately.

 Pension Note (Pension Laws Commission)
 HB 1555 would increase the accrued liability of SERS by $65.0 million. The increase in annual cost has not been calculated; however, the total cost increase amortized over a 43-year period is 0.1796% of payroll.

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
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  3/17/2003HousePension Note Filed
  1/11/2005HouseSession Sine Die

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