90th General Assembly
Summary of SB1915
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Senate Sponsors:

Short description: 
PEN CD-ST EMPL-75% AT ANY AGE                                              

Synopsis of Bill as introduced:
        Amends the State Employee Article of the Illinois  Pension  Code.      
   Provides  that  a  person with at least 34 years of creditable service      
   who has reached the 75% maximum pension shall be  deemed  to  have  35      
   years of service for purposes of avoiding the early retirement penalty      
   and   qualifying   for  the  automatic  annual  increase  in  annuity.      
   Effective immediately.                                                      
          PENSION NOTE                                                         
          Accrued liabilities would increase by $13.8 M; annual contri-        
          butions would be relatively small.                                   
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


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