SB2596 allocates funds for the State Universities Retirement System for the fiscal year beginning July 1, 2025.
SB2596 provides appropriations for the State Universities Retirement System in Illinois for the fiscal year starting July 1, 2025. It allocates $2,124,412,632 from the General Funds and $215,000,000 from Other State Funds, totaling $2,339,412,632. Additionally, it appropriates $10,966,632 from the Education Assistance Fund for the Community College Health Insurance Security Fund and $9,000,000 from the General Revenue Fund for additional State contributions related to pension adjustments. The Act takes effect on July 1, 2025.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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