PEN CD-SOCIAL SECURITY OFFSET Senate SponsorsSen. Iris Y. Martinez-Larry K. Bomke-Adeline Jay Geo-Karis and Martin A. Sandoval 1/9/2007SenateSession Sine Die 40 ILCS 5/14-119from Ch. 108 1/2, par. 14-11940 ILCS 5/14-121from Ch. 108 1/2, par. 14-121Amends the State Employee Article of the Pension Code to remove the Social Security offset against widow and survivor annuities for all annuitants, beginning January 1, 2006. Effective immediately.Pension Note (Commission on Gov't Forecasting and Accountability) According to the System's actuary, Senate Bill 234 would increase the accrued liabilities of SERS by an estimated $280.2 million, resulting in an increase in the FY 2006 required contribution of $4.3 million. The FY 2010 increase in the annual contribution is estimated to be $25.4 million. After FY 2010, the increase in required contributions will grow at the same rate as payroll. 2/2/2005SenateFiled with Secretary by Sen. Iris Y. Martinez 2/2/2005SenateFirst Reading 2/2/2005SenateReferred to Rules 2/2/2005SenateAdded as Chief Co-Sponsor Sen. Larry K. Bomke 2/3/2005SenateAssigned to Pensions & Investments 2/16/2005SenatePostponed - Pensions & Investments 3/2/2005SenateTo Subcommittee 3/3/2005SenateAdded as Chief Co-Sponsor Sen. Adeline Jay Geo-Karis 3/3/2005SenateAdded as Co-Sponsor Sen. Martin A. Sandoval 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