PEN CD-NEW HIRE-RETIREMENT AGE House SponsorsRep. Daniel V. Beiser 1/8/2013HouseSession Sine Die 40 ILCS 5/1-16040 ILCS 5/14-152.140 ILCS 5/15-19840 ILCS 5/16-20330 ILCS 805/8.35 new Amends the Illinois Pension Code. Provides that a member or participant who first becomes a member of one of the specified pension or retirement systems on or after January 1, 2011 is entitled to a retirement annuity upon written application if he or she has attained age 62 (rather than 67), has at least 10 years of service credit, and is otherwise eligible under the requirements of the applicable Article. Provides that if such a person has attained age 57 (rather than 62), has at least 10 years of service credit, and is otherwise eligible under the requirements of the applicable Article, then he or she may elect to retire early and receive a lower retirement annuity. Exempts these benefit changes from the new benefit increase provisions added by Public Act 94-4 in each of the affected Articles. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/23/2011HouseFiled with the Clerk by Rep. Daniel V. Beiser 2/23/2011HouseFirst Reading 2/23/2011HouseReferred to Rules Committee 2/28/2011HouseAssigned to Personnel and Pensions Committee 3/17/2011HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die