92nd General Assembly
Status of SB0017
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 Full Text  Bill Summary

   40 ILCS 5/14-135.11 new                                                     

        Amends the State Employee Article of the Illinois  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, 2003, as an alternative to the benefits currently      
   provided by the System.  Effective immediately.                             
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact cannot be determined, as SB 17 merely author-      
          izes SERS to design and implement a defined contribution plan.       
          SB 17 does not outline the funding, investments, or other            
          aspects, of the defined contribution plan.                           
   JAN-11-2001  S  PREFILED WITH SECRETARY                  JANUARY 9, 2001       
   JAN-11-2001  S  FIRST READING                                                  
   JAN-11-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-29-2001  S                        PENSION NOTE FILED                       
   JAN-29-2001  S       REMAINS IN COMMITTEE                RULES                 
   FEB-01-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-06-2001  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                                               


 Full Text  Bill Summary