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09300HB0378ham001 |
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LRB093 03957 LRD 46460 a |
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| AMENDMENT TO HOUSE BILL 378
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| AMENDMENT NO. ______. Amend House Bill 378 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Illinois Pension Code is amended by |
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| changing Section 6-210.1 as follows:
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| (40 ILCS 5/6-210.1)
(from Ch. 108 1/2, par. 6-210.1)
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| Sec. 6-210.1. Credit for former employment with the fire |
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| department.
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| (a) Any fireman who (1) accumulated service credit in the |
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| Article 8 fund for
service as an employee of the Chicago Fire |
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| Department and (2) has terminated
that Article 8 service credit |
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| and received a refund of contributions therefor,
may establish |
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| service credit in this Fund for all or any part of that period |
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| of
service under the Article 8 fund by making written |
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| application to the Board by
January 1, 2005
2000 and paying to |
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| this Fund (i) employee contributions based upon
the actual |
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| salary received and the rates in effect for members of this |
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| Fund at
the time of such service, plus (ii) interest thereon |
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| calculated as follows:
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| (1) For applications received by the Board before July |
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| 14, 1995, interest shall be calculated
on the amount of |
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| employee contributions determined under item (i) above, at |
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| the
rate of 4% per annum, compounded annually, from the |
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| date of termination of such
service to the date of payment.
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LRB093 03957 LRD 46460 a |
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| (2) For applications received by the Board on or after |
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| July 14, 1995, interest shall be calculated
on the amount |
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| of employee contributions determined under item (i) above, |
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| at the
rate of 4% per annum, compounded annually, from the |
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| first date of the period
for which credit is being |
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| established under this subsection (a) to the date of
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| payment.
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| A fireman who (1) retired on or after January 16, 2004 and |
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| on or before the effective date of this amendatory Act of the |
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| 93rd General Assembly and (2) files an application to establish |
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| service credit under this subsection (a) before January 1, |
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| 2005, shall have his or her pension recalculated prospectively |
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| to include the service credit established under this subsection |
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| (a).
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| (b) A fireman who, at any time during the period 1970 |
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| through 1983, was
an employee of the Chicago Fire Department |
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| but did not participate in any
pension fund subject to this |
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| Code with respect to that employment may establish
service |
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| credit in this Fund for all or any part of that employment by |
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| making
written application to the Board by January 1, 2005
and |
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| paying to
this Fund (i)
employee contributions based upon the |
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| actual salary received and the rates in
effect for members of |
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| this Fund at the time of that employment, plus (ii)
interest |
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| thereon calculated at the rate of 4% per annum, compounded |
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| annually,
from the first date of the employment for which |
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| credit is being established
under this subsection (b) to the |
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| date of payment.
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| (c) A fireman may pay the contributions required for |
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| service credit under
this Section established on or after July |
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| 14, 1995 in the form of payroll deductions, in accordance with
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| such procedures and limitations as may be established by Board |
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| rule and any
applicable rules or ordinances of the employer.
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| (d) Employer contributions shall be transferred as |
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| provided in Sections
6-210.2 and 8-172.1. The employer shall |
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LRB093 03957 LRD 46460 a |
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| not be responsible for making any
additional employer |
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| contributions for any credit established under this
Section.
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| (Source: P.A. 93-654, eff. 1-16-04.)
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| Section 90. The State Mandates Act is amended by adding |
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| Section 8.28 as
follows:
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| (30 ILCS 805/8.28 new)
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| Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and 8 |
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| of this
Act, no reimbursement by the State is required for the |
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| implementation of
any mandate created by this amendatory Act of |
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| the 93rd General Assembly.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.".
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