LUECHTEFELD-MAITLAND. 40 ILCS 5/15-153.3 from Ch. 108 1/2, par. 15-153.3 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) The System's actuary has estimated that SB 411 will increase the actuarial liability of SURS by $6.2 million. The increase in State contributions has not been calculated but is expected to be minor. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-06-2001 S TO SUBCOMMITTEE MAR-12-2001 S PENSION NOTE FILED AS INTRODUCED MAR-12-2001 S COMMITTEE INS & PENS. MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary