40 ILCS 5/18-125 from Ch. 108 1/2, par. 18-125
Amends the Judges Article of the Illinois Pension Code. Reduces
the early retirement discount from 0.5% to 0.25% for each month below
age 60. Makes a corresponding change in the alternative rate for
years in excess of 20. Effective immediately.
PENSION NOTE (Pension Laws Commission)
SB 1926 would increase the actuarial liability of the Judges'
Retirement System by $4.3 million. The estimated increase in
total annual costs is $0.64 million, or 0.61% of payroll.
00-02-10 S FIRST READING
00-02-10 S REFERRED TO SENATE RULES COMMITTEE RULES
00-02-28 S PENSION NOTE FILED AS INTRODUCED
00-02-28 S COMMITTEE RULES
01-01-09 S SESSION SINE DIE
END OF INQUIRY
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