HENDON, DEL VALLE AND DONAHUE. 40 ILCS 5/14-107 from Ch. 108 1/2, par. 14-107 40 ILCS 5/14-108 from Ch. 108 1/2, par. 14-108 40 ILCS 5/14-114 from Ch. 108 1/2, par. 14-114 Amends the State Employee Article of the Illinois Pension Code. Changes the service requirement for retirement at any age from 35 years to 30. Changes the service requirement for a discounted annuity at age 55 from 30 years to 25. Makes a corresponding change in a provision relating to automatic annual increases. Effective immediately. PENSION NOTE (Pension Laws Commission) The estimated increase in accrued liability is $202.0 million. The increase in annual cost is estimated to be $19.3 million, or 0.579% of payroll. 00-02-10 S FIRST READING 00-02-10 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-28 S PENSION NOTE FILED AS INTRODUCED 00-02-28 S COMMITTEE RULES 00-03-23 S ADDED AS A CO-SPONSOR DEL VALLE 00-03-24 S ADDED AS A CO-SPONSOR DONAHUE 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary