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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1384
Introduced 2/9/2005, by Rep. Larry McKeon SYNOPSIS AS INTRODUCED:
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Amends the State Universities Article of the Illinois Pension Code. Directs
the System to conduct a divided medicare coverage referendum, open to employees
continuously employed by the same employer since March 31, 1986. Allows
eligible employees to irrevocably elect to participate in the federal medicare
program. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
PENSION IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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HB1384 |
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LRB094 05898 AMC 35952 b |
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| AN ACT in relation to public employee benefits.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by adding |
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| Section
15-158.4 as follows:
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| (40 ILCS 5/15-158.4 new)
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| Sec. 15-158.4. Election of medicare coverage.
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| (a) The System shall conduct a divided medicare coverage |
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| referendum, open
to employees continuously employed by the same |
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| employer since March 31, 1986.
The referendum shall be |
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| conducted in accordance with the applicable provisions
of |
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| federal law and Article 21 of this Code.
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| (b) As used in this Section and in compliance with federal |
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| law, "referendum"
means the process whereby employees are |
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| granted the opportunity to make an
irrevocable individual |
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| election to participate in the medicare program on a
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| prospective basis.
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| (c) Employers shall pay the necessary employer |
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| contributions and make the
necessary deductions from salary for |
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| employees who elect to participate in the
federal medicare |
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| program under this Section, as required by the System, Article
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| 21 of this Code, and federal law.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law. |