91st General Assembly
Status of HB4194
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MADIGAN,MJ.

   5 ILCS 375/6.10                                                             
   40 ILCS 5/15-107          from Ch. 108 1/2, par. 15-107                     
   40 ILCS 5/15-111          from Ch. 108 1/2, par. 15-111                     
   40 ILCS 5/15-112          from Ch. 108 1/2, par. 15-112                     
   40 ILCS 5/15-134.5                                                          
   40 ILCS 5/15-136          from Ch. 108 1/2, par. 15-136                     
   40 ILCS 5/15-136.2        from Ch. 108 1/2, par. 15-136.2                   
   40 ILCS 5/15-136.3                                                          
   40 ILCS 5/15-136.4                                                          
   40 ILCS 5/15-139          from Ch. 108 1/2, par. 15-139                     
   40 ILCS 5/15-140          from Ch. 108 1/2, par. 15-140                     
   40 ILCS 5/15-141          from Ch. 108 1/2, par. 15-141                     
   40 ILCS 5/15-142          from Ch. 108 1/2, par. 15-142                     
   40 ILCS 5/15-144          from Ch. 108 1/2, par. 15-144                     
   40 ILCS 5/15-145          from Ch. 108 1/2, par. 15-145                     
   40 ILCS 5/15-146          from Ch. 108 1/2, par. 15-146                     
   40 ILCS 5/15-148          from Ch. 108 1/2, par. 15-148                     
   40 ILCS 5/15-153.3        from Ch. 108 1/2, par. 15-153.3                   
   40 ILCS 5/15-154          from Ch. 108 1/2, par. 15-154                     
   40 ILCS 5/15-158.2                                                          
   40 ILCS 5/15-181          from Ch. 108 1/2, par. 15-181                     
   40 ILCS 5/20-121          from Ch. 108 1/2, par. 20-121                     
   40 ILCS 5/20-123          from Ch. 108 1/2, par. 20-123                     
   40 ILCS 5/20-124          from Ch. 108 1/2, par. 20-124                     
   40 ILCS 5/20-125          from Ch. 108 1/2, par. 20-125                     
   40 ILCS 5/20-131          from Ch. 108 1/2, par. 20-131                     
   40 ILCS 5/15-158.1 rep.                                                     

        Amends the Illinois Pension Code and the  State  Employees  Group      
   Insurance  Act of 1971 to make numerous changes affecting eligibility,      
   benefits, and administration of benefits  for  members  of  the  State      
   Universities Retirement System.  Effective immediately.                     
          PENSION NOTE (Pension Laws Commission)                               
          Some of the provisions of HB 4194 will have a fiscal impact on       
          the State Universities Retirement System:                            
           Initial Automatic Increases                                         
            Increase in accrued liability                    $6.2 million      
            Increase in annual cost                            very minor      
           Minimum Survivor Annuities and Annual Increases                     
            Increase in accrued liability                   $58.9 million      
            Increase in total annual cost (0.01% of payroll)     $127,000      
            Increase in annual contributions:                                  
            FY 2005 (0.03% of payroll)                      $ 0.9 million      
            FY 2045 (0.05% of payroll)                      $13.3 million      
           Early Retirement Option (ERO) Contributions                         
            Increase in accrued liability                   $64.0 million      
            Additional annual accrued liability                                
            (until ERO sunset date in 2002)            $15 to $30 million      
   00-02-03  H  FILED WITH CLERK                                               
   00-02-03  H  FIRST READING                                                  
   00-02-03  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   00-02-10  H                        PENSION NOTE FILED                       
   00-02-10  H                   COMMITTEE               RULES                 
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



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