Legislation

Legislation

Please note: SURS does not endorse specific pension reform legislation. Our goal is to update and educate SURS members concerning legislation that may affect their retirement benefits.

SB 0060

Repeal 3% Rule and Re-Enact 6% Rule

SB 60 amends the State Universities Retirement System and Teachers’ Retirement System Articles of the Illinois Pension Code to repeal the 3% rule and re-enact the 6% rule.

Specifically, SB 60 repeals the requirement that employers pay the present value of the resulting increase in benefits attributable to the portion of any salary increases in excess of 3% during the participant’s final...

SB 0075

Workplace Protections Omnibus

SB 75 contains several provisions designed to provide employee protections in the workplace. These include: protections against discrimination and harassment (including the rights of complainants); protections against non-disclosure clauses; annual training to prevent discrimination and harassment; the right to employment leave due to incidents of sexual violence and gender violence; and the...

SB 0178

State Serial Long-Term Pension Obligation Bonds

SB 178 authorizes the issuance of $120.015 billion in State Serial Long-Term Pension Obligation Bonds to bring the funded status of the state pension systems up to 90 percent of assets to liabilities. (Currently, SURS is approximately funded at 40 percent of assets to liabilities.)

Specifically, SB 178 amends the General Obligation Bond Act to authorize the issuance of $120.015...

SB 0262

Fiscal Year 2020 Budget

SB 262 contains the Fiscal Year 2020 Budget. It appropriates $1,854,692,000 for the state contribution to SURS for FY 2020.  Of this amount, $1,639,692,000 comes from the General Revenue Fund and $215,000,000 comes from the State Pensions Fund.   The FY 2020 certified state contribution to SURS is $1,854,692,000.  SB 262 appropriates an amount that is equal to the certified...

SB 1187

Right to Shop Act

SB 1187 creates the Right to Shop Act. As it relates to SURS, SB 1187 requires the director of Central Management Services to conduct an analysis of the cost effectiveness of implementing an incentive-based program for enrollees and retirees of the state group health benefits plan offered under the State Employees Group Insurance Act of 1971. The analysis must be conducted no later than one...

SB 1264

RUUPA – Trailer Bill for Public Retirement Systems

SB 1264 amends the Revised Uniform Unclaimed Property Act to ensure that annuity, pension and benefit funds held in a fiduciary capacity by or on behalf of a retirement system, pension fund or investment board under the Illinois Pension Code remain in their respective trusts. SB 1264 also requires pension funds, retirement systems and investment boards created pursuant to Articles 3, 4 and 22...

SB 1265

SURS Technical Corrections Bill

SB 1265 is an initiative of SURS that makes three technical changes under Article 15 of the Illinois Pension Code. 

First, SB 1265 amends the definition of an “employee” under Section 15-107 to mirror a change to the definition of an “employer” under Section 15-106 by Public Act 100-0611 (which allowed certain legacy employees within the newly created Department of Innovation and...

SB 1300

Pension Omnibus Bill

House Amendment #4 to SB 1300 removes the effective date of the bill, making the bill effective in accordance with the Effective Date of Laws Act.  HA #4 also requires the report on the accelerated pension benefit payment options to be due on or before December 1, 2020 (instead of December 1, 2019).

House Amendment #3 to SB 1300 contains several provisions amending the Illinois...

SB 1485

Racial Bias, Discrimination and Harassment Omnibus

SB 1485 amends the State Officials and Employees Ethics Act. It establishes that all persons have a right to work in an environment free from racial discrimination and harassment. All persons subject to the Act are prohibited from racially discriminating against or harassing any person, regardless of any employment relationship or lack thereof. Any person who violates the prohibition on...

SB 1505

Judges Keep Tier I Status

SB 1505 establishes that a person who participates in the Judges’ Retirement System prior to January 1, 2011, is deemed to be a person who first became a member or participant of the State Employees’ Retirement System, State Universities Retirement System, or Teachers’ Retirement System prior to January 1, 2011.

As it relates to SURS, under current law, a member the General Assembly...

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