MAITLAND. 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 SB 1501 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 00-01-26 S FIRST READING 00-01-26 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-14 S PENSION NOTE FILED AS INTRODUCED 00-02-14 S COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary