Bill Text: IL SB1366 | 2013-2014 | 98th General Assembly | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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-Engrossed.html
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-Engrossed.html
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| 1 | AN ACT concerning public employee benefits.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Pension Code is amended by adding | ||||||
| 5 | Section 9-119.1 as follows:
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| 6 | (40 ILCS 5/9-119.1 new) | ||||||
| 7 | Sec. 9-119.1. Earned annuity. "Earned annuity": (1) The | ||||||
| 8 | annuity a participant has accrued as provided in Section 9-134, | ||||||
| 9 | disregarding minimum age and service eligibility requirements | ||||||
| 10 | and without any reduction due to age, or (2) the age and | ||||||
| 11 | service annuity as provided in Sections 9-125 through 9-128, | ||||||
| 12 | inclusive.
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| 13 | Section 99. Effective date. This Act takes effect upon | ||||||
| 14 | becoming law.
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