LANG-DURKIN. 40 ILCS 5/18-125 from Ch. 108 1/2, par. 18-125 40 ILCS 5/18-133 from Ch. 108 1/2, par. 18-133 Amends the Judges Article of the Illinois Pension Code. Provides that a judge who has attained age 60 and is eligible to receive the maximum rate of annuity may elect to have his or her contributions to the System based only on the increases in salary received by the judge on or after the date of the election, rather than the total salary received; does not apply to a judge who has previously elected to stop contributing, unless the judge has revoked that election. Extends the deadline for revocation to January 1, 2000. In the provisions relating to reduction of annuity due to retirement before age 60 with fewer than 28 years of service, reduces the early retirement penalty. Effective immediately. PENSION NOTE (Pension Laws Commission) Reducing early retirement reduction would increase accrued liability by $372,000, and increase total annual cost by $39,800 in the 1st year. Impact from allowing judges to make contributions based on salary increase cannot be determined. 99-01-27 H FILED WITH CLERK 99-01-27 H FIRST READING 99-01-27 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-02 H ASSIGNED TO COMMITTEE PERS PENSION 99-02-09 H PENSION NOTE FILED 99-02-09 H COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-16 H ADDED AS A JOINT SPONSOR DURKIN 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary