91st General Assembly
Summary of SB1263
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Senate Sponsors:
MAITLAND.

Short description: 
PEN CD-SURS-EARLY RTMNT-MATTIS                                             

Synopsis of Bill as introduced:
        Amends the  State  Universities  Article  of  the  Pension  Code.      
   Provides that the amount of a retirement annuity calculated under Rule      
   2  shall  be  based  on employee and employer contributions made under      
   Section 15-136.2  for  certain  persons.    Provides  for  retroactive      
   adjustment  of certain retirement annuities calculated under Rule 2 to      
   include  an  additional  amount  based  on   employee   and   employer      
   contributions  under  Section 15-136.2.  Amends the State Mandates Act      
   to  provide  for  implementation  without   reimbursement.   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