CLAYBORNE. 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 Full Text Bill Summary