91st General Assembly
Summary of HB1258
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House Sponsors:
SMITH,MICHAEL.

Short description: 
PEN CD-UNIV-DISABILITY 3% INCR                                             

Synopsis of Bill as introduced:
        Amends the State Universities Article of the Illinois Pension          
   Code. Changes the initial automatic annual increase in disability           
   benefit from 7%, payable after 4 years, to 0.25% for each full month        
   since the benefit began, payable on the January 1 next following the        
   granting of the benefit. Effective immediately.                             
          PENSION NOTE (Pension Laws Commission)                               
          Accrued liability would increase by $6.2 million; annual cost        
          is estimated to be minor.                                            
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status