92nd General Assembly
Summary of SB0268
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Senate Sponsors:

Short description: 
PEN CD-SERS-TOLLWAY WORKERS                                                

Synopsis of Bill as introduced:
        Amends the State Employee Article of the Illinois Pension Code to      
   put persons employed by the Illinois State Toll Highway Authority           
   under the alternative (State Police) retirement formula. Effective          
          PENSION NOTE (Pension Laws Commission)                               
          The System's actuary estimates that the accrued liability of         
          the System will increase by $78.0 million. The increase in           
          annual cost has not been calculated. Approximately 1,885 em-         
          ployees are affected.                                                
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          40 ILCS 5/14-110                                                     
          Adds reference to:                                                   
          40 ILCS 5/14-101                from Ch. 108 1/2, par. 14-101        
        Deletes everything.  Amends the Illinois Pension Code.   Makes  a      
   technical  change  in a Section concerning State employees.  Effective      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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