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)
The fiscal impact of SB 703 cannot be determined but is expec-
ted to be minor as few people are affected.
FEB-21-2001 S FIRST READING
FEB-21-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAR-01-2001 S PENSION NOTE FILED AS INTRODUCED
MAR-06-2001 S TO SUBCOMMITTEE
MAR-06-2001 S COMMITTEE INS & PENS.
MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
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