Senate Sponsors: LAUZEN. Short description: PEN CD-SERS-DEFINED CONTRIB Synopsis of Bill as introduced: Amends the State Employee Article of the Illinois Pension Code. Directs the Board to study and report on a defined contribution retirement plan 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 966 merely authorizes SERS to study and report on a defined contribution plan. SB 966 does not outline the funding, investments, or other aspects of the defined contribution plan. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status