SB1366eng 98TH GENERAL ASSEMBLY

SB1366 Engrossed LRB098 07062 JDS 37121 b

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.