CLAYBORNE. 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 Full Text Bill Summary