PEN CD-UNIV-INCR DEATH BENEFIT Senate SponsorsSen. James F. Clayborne, Jr. 1/9/2007SenateSession Sine Die 40 ILCS 5/15-142from Ch. 108 1/2, par. 15-14240 ILCS 5/15-145from Ch. 108 1/2, par. 15-145Amends the State Universities Article of the Illinois Pension Code. Increases certain death benefits from $1,000 to $5,000. Provides that these benefits are in the nature of life insurance and are intended to be not subject to the federal income tax. Effective immediately.Pension Note (Government Forecasting & Accountability) The System's actuary has determined the cost to be very minor. 2/23/2005SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/23/2005SenateFirst Reading 2/23/2005SenateReferred to Rules 3/2/2005SenateAssigned to Pensions & Investments 3/9/2005SenateTo Subcommittee 3/11/2005SenatePension Note Filed from the Commission on Government Forecasting and Accountability. 3/18/2005SenateRule 3-9(a) / Re-referred to Rules 1/9/2007SenateSession Sine Die