State Retirement System of Illinois

Bruce Rauner, Governor

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   SERS Benefits Unaffected   

SERS Benefit Recipients Unaffected by Budget Woes

The current state budget crunch does not in any way affect SERS benefits. We are aware of a rumor that benefit payments would be delayed if the state legislature doesn't agree to an FY05 budget by the June 30, 2004 deadline. If a new budget isn't reached by then, state payroll could be affected, but benefit payments are guaranteed by state law and will continue to be paid on the same date.

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