Bill Text: IL SB1366 | 2013-2014 | 98th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Cook County Article of the Illinois Pension Code. Defines the term "earned annuity". Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2013-06-28 - Public Act . . . . . . . . . 98-0042 [SB1366 Detail]

Download: Illinois-2013-SB1366-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 SB1366 Introduced 2/5/2013, by Sen. Daniel Biss SYNOPSIS AS INTRODUCED:
40 ILCS 5/9-119.1 new
Amends the Cook County Article of the Illinois Pension Code. Defines the term "earned annuity". Effective immediately.
LRB098 07062 JDS 37121 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB1366 LRB098 07062 JDS 37121 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by adding
Section 9-119.1 as follows:
(40 ILCS 5/9-119.1 new)
Sec. 9-119.1. Earned annuity. "Earned annuity": (1) The
annuity a participant has accrued as provided in Section 9-134,
disregarding minimum age and service eligibility requirements
and without any reduction due to age, or (2) the age and
service annuity as provided in Sections 9-125 through 9-128,
inclusive.
Section 99. Effective date. This Act takes effect upon
becoming law.