SB2450 Summary

• Appropriates $1,238,097,920 in General Revenue Funds for ordinary and contingent expenses of three state retirement systems for fiscal year beginning July 1, 2013

• Appropriates $1,097,360,220 to the State Employees' Retirement System of Illinois for the State's contribution

• Appropriates $126,808,000 to the Judges' Retirement System of Illinois for the State's contribution

• Appropriates $13,856,000 to the General Assembly Retirement System for the State's contribution

• Takes effect July 1, 2013