093_HB0407eng

 
HB0407 Engrossed                     LRB093 03925 EFG 03962 b

 1        AN ACT in relation to public employee benefits.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The  Illinois  Pension  Code  is  amended  by
 5    changing Section 4-106.1 as follows:

 6        (40 ILCS 5/4-106.1) (from Ch. 108 1/2, par. 4-106.1)
 7        Sec.   4-106.1.  Discontinuation   of   fire   protection
 8    district; annexation to fire protection district.
 9        (a)  Whenever   a  fire  protection  district  which  has
10    established a pension fund under this Article is discontinued
11    under "An Act in Relation to Fire Protection Districts",  and
12    the  municipality assuming the obligations of the district is
13    required to and has established a Firefighters' Pension  Fund
14    under this Article, the assets of the fund established by the
15    district  shall  be  transferred to the "Board of Trustees of
16    the Firefighters Pension  Fund"  of  the  municipality.   The
17    Firefighter's  Pension  Fund of the municipality shall assume
18    all accrued liabilities of the district's pension  fund,  and
19    all  accrued  rights, benefits and future expectancies of the
20    members,  retired  employees   and   beneficiaries   of   the
21    district's fund shall remain unimpaired.
22        (b)  If  a  municipal fire department for which a pension
23    fund has been established under this Article is  discontinued
24    and  the  affected  territory is annexed by a fire protection
25    district, and the fire protection district is required to and
26    has established  a  firefighters'  pension  fund  under  this
27    Article,  then  the  assets of the firefighters' pension fund
28    established by the municipality shall be transferred  to  the
29    board  of trustees of the pension fund of the fire protection
30    district.   The  firefighters'  pension  fund  of  the   fire
31    protection  district  shall  assume  all  liabilities  of the
 
HB0407 Engrossed            -2-      LRB093 03925 EFG 03962 b
 1    municipality's firefighters' pension fund,  and  all  of  the
 2    accrued  rights,  benefits,  and  future  expectancies of the
 3    members,  retired  employees,  and   beneficiaries   of   the
 4    municipality's   firefighters'   pension  fund  shall  remain
 5    unimpaired.
 6    (Source: P.A. 83-1440.)

 7        Section 90.  The State Mandates Act is amended by  adding
 8    Section 8.27 as follows:

 9        (30 ILCS 805/8.27 new)
10        Sec.  8.27.  Exempt  mandate.  Notwithstanding Sections 6
11    and 8 of this Act, no reimbursement by the State is  required
12    for  the  implementation  of  any  mandate  created  by  this
13    amendatory Act of the 93rd General Assembly.

14        Section  99.  Effective date.  This Act takes effect upon
15    becoming law.