PEN CD-ST EMPL-75% AT ANY AGE
Synopsis of Bill as introduced:
Amends the State Employee Article of the Illinois Pension Code.
Provides that a person with at least 34 years of creditable service
who has reached the 75% maximum pension shall be deemed to have 35
years of service for purposes of avoiding the early retirement penalty
and qualifying for the automatic annual increase in annuity.
Accrued liabilities would increase by $13.8 M; annual contri-
butions would be relatively small.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status