LAUZEN. 40 ILCS 5/14-135.11 new 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. FEB-22-2001 S FIRST READING FEB-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-01-2001 S PENSION NOTE FILED AS INTRODUCED MAR-06-2001 S TO SUBCOMMITTEE MAR-06-2001 S COMMITTEE INS & PENS. MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary