House Sponsors: SMITH,MICHAEL AND JOHNSON,TIM. Short description: PEN CD-UNIV-RECIPROCAL-ADMIN Synopsis of Bill as introduced: Amends the State Universities and Reciprocal Articles of the Illinois Pension Code. Specifies the conditions under which certain transition pay is included as earnings for pension purposes. Applies only to transition pay paid by the University of Illinois to a person who was a participating employee employed in the fire department of the University of Illinois's Champaign-Urbana campus immediately prior to the elimination of that fire department. In relation to the optional retirement plans offered by the State Universities Retirement System, changes the way in which the Retirement Systems Reciprocal Act applies to participants in the self-managed plan and the portable benefit package; makes other changes. Deletes language reducing the retirement annuity of a person who retires before age 60 and returns to employment under Article 14 or 16 of the Code. Effective immediately. PENSION NOTE (Pension Laws Commission) Fiscal impact cannot be determined, but would be very minor. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status