SB1366 98TH GENERAL ASSEMBLY

LRB098 07062 JDS 37121 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB1366

Introduced 2/5/2013, by Sen. Daniel Biss

SYNOPSIS AS INTRODUCED:

40 ILCS 5/9-119.1 new

Amends the Cook County Article of the Illinois Pension Code. Defines the term "earned annuity". Effective immediately.

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by adding Section 9-119.1 as follows:

(40 ILCS 5/9-119.1 new)

Sec. 9-119.1. Earned annuity. "Earned annuity": (1) The annuity a participant has accrued as provided in Section 9-134, disregarding minimum age and service eligibility requirements and without any reduction due to age, or (2) the age and service annuity as provided in Sections 9-125 through 9-128, inclusive.

Section 99. Effective date. This Act takes effect upon becoming law.