Senate Sponsors: BERMAN. Short description: PEN CD-JUDGES-INCREASE BENEFIT Synopsis of Bill as introduced: Amends the Judges Article of the Pension Code. Reduces the amount of the early retirement penalty for certain judges who retire before attaining age 60. Also provides that a judge who 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. Effective immediately. PENSION NOTE (Pension Laws Commission) Reduced early retirement reduction: increase in accrued liability $372,000, in total annual cost, $39,800 (0.04% of payroll). Judge contributions would decrease approximately $700,000 the 1st year. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status