90th General Assembly
Status of HB2561
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
LANG.

   40 ILCS 5/18-125          from Ch. 108 1/2, par. 18-125                     
   40 ILCS 5/18-133          from Ch. 108 1/2, par. 18-133                     

        Amends the Judges Article  of  the  Pension  Code.   Reduces  the      
   amount  of  the early retirement penalty for certain judges who retire      
   before attaining age 60.  Also provides that a judge who  receives  an      
   increase  in  salary  after making an election to stop contributing to      
   the System may have the increase included in the calculation of his or      
   her pension  by  making  contributions  on  just  the  amount  of  the      
   increase.  Effective immediately.                                           
          PENSION NOTE                                                         
          Reduced early retirement reduction would increase accrued lia-       
          bility by $372,000; total annual cost by $39,800 (0.04% of pay-      
          roll) the first year. Estimated member contribution decrease         
          in the first year of $700,000.                                       
          PENSION NOTE, AMENDED                                                
          No change from previous note.                                        
   98-01-27  H  FIRST READING                                                  
   98-01-27  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   98-03-03  H                        PENSION NOTE FILED                       
   98-03-03  H                   COMMITTEE               RULES                 
   98-03-24  H  PENSION NOTE FILED AS AMENDED                                  
   98-03-24  H                   COMMITTEE               RULES                 
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary