Senate Sponsors: MAITLAND-BERMAN. House Sponsors: DART-LANG-DURKIN-MATHIAS Short description: PEN CD-JUDGES-CONTRIBUTIONS Synopsis of Bill as introduced: Amends the Judges Article of the 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) The SB1020 provision that reduces the early retirement reduc- tion would increase the accrued liability of JRS by $372,000. The increase in total annual cost is estimated to be 0.04% of payroll, or $39,800 in the 1st year. The annual cost would increase commensurate with payroll. Last action on Bill: PUBLIC ACT.............................. 91-0653 Last action date: 99-12-10 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status