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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB4090
Introduced , by Rep. William B. Black SYNOPSIS AS INTRODUCED:
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Amends the State Universities Article of the Illinois Pension Code. Changes provisions concerning election of medicare coverage to require the State Universities Retirement System to provide divided medicare coverage on a prospective basis to employees continuously employed by the same employer since March 31, 1986 who apply within 6 months after the effective date.
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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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HB4090 |
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LRB095 11556 AMC 33145 b |
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| AN ACT concerning 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 changing |
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| Section 15-158.4 as follows:
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| (40 ILCS 5/15-158.4)
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| Sec. 15-158.4. Election of medicare coverage.(a) The |
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| System shall provide
conduct a divided medicare coverage on a |
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| prospective basis
referendum, open
to employees continuously |
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| employed by the same employer since March 31, 1986 who apply to |
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| the System within 6 months after the effective date of this |
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| amendatory Act of the 95th General Assembly.
The referendum |
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| shall be conducted in accordance with the applicable provisions
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| of 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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