2007 House Bill 4425

Authorize judges pension supplement

Introduced in the House

March 8, 2007

Introduced by Rep. John Pastor (R-19)

To allow the payment of annual supplementary pension benefits of up to $900 to retired judges or their beneficiaries if the value of the assets in the retirement fund rise above a certain amount in a given year.

Referred to the Committee on Judiciary

Dec. 4, 2008

Amendment offered by Rep. John Pastor (R-19)

To make the funding threshold that would allow the higher pension payments at 120 percent of the present value of expected future payments.

The amendment passed by voice vote

Amendment offered by Rep. Paul Condino (D-35)

To establish a new date on which the bill will go into effect if passed.

The amendment passed by voice vote

Amendment offered by Rep. Paul Condino (D-35)

To clarify details of how the future liabilities of the pension fund are calculated.

The amendment passed by voice vote

Passed in the House 60 to 39 (details)

Received in the Senate

Dec. 10, 2008

Referred to the Committee on Judiciary

Dec. 19, 2008

Reported without amendment

With the recommendation that the bill pass.

Passed in the Senate 22 to 12 (details)

To allow the payment of annual supplementary pension benefits of up to $900 to retired judges or their beneficiaries if the value of the assets in the retirement fund rise above a certain amount in a given year.