Senate Sponsors: PARKER. Short description: PEN CD-SERS-DEFINED CONTRIB Synopsis of Bill as introduced: Amends the State Employee Article of the Pension Code. Authorizes the Board to design and implement a defined contribution retirement plan for persons who first become members of the System on or after January 1, 2001, as an alternative to the benefits currently provided by the System. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status