MURPHY. 40 ILCS 5/13-301 from Ch. 108 1/2, par. 13-301 40 ILCS 5/13-302 from Ch. 108 1/2, par. 13-302 30 ILCS 805/8.26 new Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Provides that an employee with at least 10 years of service who is at least 50 years of age but less than 60 years of age and retires on or after January 1, 2003 but on or before December 31, 2007 may receive an undiscounted retirement annuity if the employee's age, when added to the number of years of the employee's creditable service, equals at least 80. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The Fund's actuary estimates that providing the Rule of 80 would increase the accrued liability of the Fund by $3.3 million. The required annual contributions have not been calculated, but would be minor. NOV-28-2001 H FILED WITH CLERK NOV-29-2001 H FIRST READING NOV-29-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-22-2002 H PENSION NOTE FILED JAN-22-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary