SMITH,MICHAEL-REITZ-BOST-MCGUIRE, RUTHERFORD AND BOLAND. 40 ILCS 5/14-108 from Ch. 108 1/2, par. 14-108 40 ILCS 5/14-110 from Ch. 108 1/2, par. 14-110 Amends the State Employee Article of the Illinois Pension Code. Increases the alternative (State Police) retirement formula. Also increases the regular retirement formula for certain employees of the Department of Corrections and the Department of Human Services. Effective immediately. PENSION NOTE (Pension Laws Commission) The System's actuary (based on 1999 membership data) estimates HB 3864 would increase the accrued liability by $280.8 million. The first year cost would be $10.4 million, or 0.312% of pay- roll. In FY 2010, the employer contribution would be $45.1 million, or 1.016% of payroll. Beginning in FY 2010, the em- ployer contributions will increase commensurate with payroll. 00-01-25 H FILED WITH CLERK 00-01-25 H FIRST READING 00-01-25 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-02-28 H PENSION NOTE FILED 00-02-28 H COMMITTEE RULES 00-03-09 H ADDED AS A JOINT SPONSOR REITZ 00-03-09 H ADDED AS A JOINT SPONSOR BOST 00-03-28 H ADDED AS A CO-SPONSOR RUTHERFORD 00-03-28 H ADDED AS A CO-SPONSOR BOLAND 00-03-28 H ADDED AS A JOINT SPONSOR MCGUIRE 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary