92nd General Assembly
Status of SB1134
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 Full Text  Bill Summary

   40 ILCS 5/16-133.1        from Ch. 108 1/2, par. 16-133.1                   

        Amends the Downstate Teacher  Article  of  the  Illinois  Pension      
   Code.  Accelerates the automatic annual increase in retirement annuity      
   by deleting the age 61 requirement.  Effective immediately.                 
          PENSION IMPACT NOTE (Illinois Pension Laws Commission)               
          The System's actuary estimates that SB 1134 will increase the        
          actuarial liability of TRS by $344.4 million. The increase in        
          annual costs has not been calculated.                                
   FEB-22-2001  S  FIRST READING                                                  
   FEB-22-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-26-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-26-2001  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