90th General Assembly
Status of SB1368
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 Full Text  Bill Summary

   5 ILCS 375/3              from Ch. 127, par. 523                            
   5 ILCS 375/10             from Ch. 127, par. 530                            
   40 ILCS 5/15-135.1 new                                                      

        Amends the State Employees Group Insurance Act of  1971  and  the      
   Illinois  Pension  Code.    Allows  certain  participants in the State      
   Universities Retirement Systems to elect to forgo certain  changes  in      
   the  retirement  annuity  formula made by Public Act 90-65 and thereby      
   avoid the additional cost of group health insurance imposed under that      
   Public Act.  Also eliminates the additional insurance cost for certain      
   survivors.   Eliminates  provisions  relating  to  "new  SURS  retired      
   employees".  Effective immediately.                                         
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB1368 cannot be determined. The bill may       
          reduce the unfunded liabilities and annual costs of SURS very        
          slightly. The premiums paid for SURS retirees' health insurance      
          would increase by an undetermined amount.                            
   98-02-17  S  FIRST READING                                                  
   98-02-17  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-03-03  S  ADDED AS A CHIEF CO-SPONSOR              LUECHTEFELD           
   98-03-25  S                        PENSION NOTE FILED                       
   98-03-25  S                   COMMITTEE               RULES                 
   98-05-13  S  ADDED AS A CHIEF CO-SPONSOR              MYERS,J               
   99-01-12  S  SESSION SINE DIE                                               


 Full Text  Bill Summary