SMITH,MICHAEL. 40 ILCS 5/15-136 from Ch. 108 1/2, par. 15-136 40 ILCS 5/15-136.3 40 ILCS 5/15-145 from Ch. 108 1/2, par. 15-145 Amends the State Universities Article of the Illinois Pension Code to provide for a one-time increase in certain retirement and survivor's annuities. Effective immediately. PENSION NOTE (Pension Laws Commission) Increase in accrued liability $69.8 million Amortization payment in FY2000 (0.01% of payroll) $187,000 Increase in annual contributions FY2005 (0.04%) $ 1.4 million Increase in annual contributions FY2010 (0.07%) $ 3.2 million Increase in annual contributions FY2020 (0.07%) $ 5.2 million Increase in annual contributions FY2030 (0.07%) $ 8.8 million Increase in annual contributions FY2040 (0.07%) $15.0 million Increase in annual contributions FY2045 (0.07%) $19.6 million 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-09 H PENSION NOTE FILED 99-03-09 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary