BOMKE. 40 ILCS 5/14-115.1 new Amends the State Employee Article of the Illinois Pension Code. Provides an additional benefit payment for certain survivors and retirees. Applies only to fiscal years before 2005 in which the System's return on investment exceeds the actuarial assumed rate of return. Effective immediately. PENSION NOTE (Pension Laws Commission) There is no increase in accrued liability associated with SB 1702, but there is a cost (that cannot be determined), as some investment returns that would normally remain with SERS to be reinvested would instead be paid out as benefits. This would increase State contributions over time by an amount that cannot be determined. 00-02-02 S FIRST READING 00-02-02 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-10 S PENSION NOTE FILED AS INTRODUCED 00-02-10 S COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary