PEN CD-SURS-PARTICIPANT DATA

From the Legislature

Amends the State Universities Article of the Illinois Pension Code. Provides that "stakeholder" includes any organization that is a nonprofit organization that represents or serves at least 10% of either participants or annuitants of the System and whose primary purpose is as a membership organization serving either participants, annuitants, or both. Provides that the Board of Trustees of the System shall make an annual report available to stakeholders that includes a list of: (1) the name of each annuitant, the annuitant's last employer, and the zip code associated with the annuitant's address on file; and (2) the name of each active participant, the participant's current employer, and a zip code associated with the participant's address on file. Requires the report to be delivered electronically to stakeholders on August 1 of each year.