91st General Assembly
Summary of HB2365
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
House Sponsors:
MURPHY.

Short description: 
PEN CD-UNIV-BENEFIT CHANGES                                                

Synopsis of Bill as introduced:
        Amends the  State  Universities  Article  of  the  Pension  Code.      
   Changes the service requirement for retirement at any age to 30 years.      
   Allows  a  surviving  spouse  without  dependents  to  begin receiving      
   survivor's benefits before attaining age 50.  Provides for  a  minimum      
   survivor's  benefit  based  on  the  amount of service of the deceased      
   member.  Extends the survivor's benefit for a  dependent  child  until      
   age  23 if the child is a full-time student and allows children age 18      
   or over to receive the benefit directly.  Effective immediately.            
          PENSION NOTE (Pension Laws Commission)                               
          Increase in accrued liability, $109.3 million; increase in           
          total annual cost, $394,000 in FY2000 (0.02% of payroll).            
 
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