SB0691 amends the State Pension Funds Continuing Appropriation Act to correct a technical error in appropriations to designated retirement systems.
SB0691 amends the State Pension Funds Continuing Appropriation Act to make a technical change in appropriations from the State Pensions Fund to designated retirement systems. The bill ensures that any deficiency in appropriations to these systems is made up by the State Pensions Fund. It specifies that these appropriations are for funding unfunded liabilities and are in addition to any state contributions required under the Illinois Pension Code. The bill also corrects a technical error in the appropriation amount for the State Universities' Retirement System.
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