Senate Sponsors: CLAYBORNE. Short description: PENCD-JUDGE-EARLY RET DISCOUNT Synopsis of Bill as introduced: 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) The fiscal impact of SB 703 cannot be determined but is expec- ted to be minor as few people are affected. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status