91st General Assembly
Status of SB1926
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   40 ILCS 5/18-125          from Ch. 108 1/2, par. 18-125                     

        Amends the Judges Article of the Illinois Pension Code.   Reduces      
   the  early retirement discount from 0.5% to 0.25% for each month below      
   age 60.  Makes a corresponding change  in  the  alternative  rate  for      
   years in excess of 20.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          SB 1926 would increase the actuarial liability of the Judges'        
          Retirement System by $4.3 million. The estimated increase in         
          total annual costs is $0.64 million, or 0.61% 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                 
   01-01-09  S  SESSION SINE DIE                                               


 Full Text  Bill Summary