92nd General Assembly
Summary of SB0966
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Senate Sponsors:

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


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