House Sponsors: LANG. Short description: PEN CD-JUDGES-INCREASE BENEFIT Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status