Senate Sponsors: MOLARO. Short description: PENCD-ART 13-EARLY RET-RULE-80 Synopsis of Bill as introduced: Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Provides that an employee with at least 10 years of service who is at least 50 years of age but less than 60 years of age and retires on or after January 1, 2003 but on or before December 31, 2007 may receive an undiscounted retirement annuity if the employee's age, when added to the number of years of the employee's creditable service, equals at least 80. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The Fund's actuary estimates that providing the Rule of 80 would increase the accrued liability of the Fund by $3.3 million. The required annual contributions have not been calculated, but would be minor. 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