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HB4644 Engrossed |
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LRB095 15138 AMC 41101 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 4-109.1 as follows: |
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| (40 ILCS 5/4-109.1) (from Ch. 108 1/2, par. 4-109.1)
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| Sec. 4-109.1. Increase in pension.
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| (a) Except as provided in subsection (e), the monthly |
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| pension of a
firefighter who retires after July 1, 1971 and |
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| prior to January 1, 1986, shall,
upon either the first of the |
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| month following the first anniversary of the date
of retirement |
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| if 60 years of age or over at retirement date, or upon the |
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| first
day of the month following attainment of age 60 if it |
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| occurs after the first
anniversary of retirement, be increased |
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| by 2% of the originally granted monthly
pension and by an |
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| additional 2% in each January thereafter. Effective January
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| 1976, the rate of the annual increase shall be 3% of the |
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| originally granted
monthly pension.
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| (b) The monthly pension of a firefighter who retired
from |
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| service with 20 or more years of service, on or before
July 1, |
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| 1971, shall be increased, in January of the year
following the |
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| year of attaining age 65 or in January
1972, if then over age |
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| 65, by 2% of the originally granted monthly
pension, for each |
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HB4644 Engrossed |
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LRB095 15138 AMC 41101 b |
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| year the firefighter received pension payments.
In each January |
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| thereafter, he or she shall receive an additional
increase of |
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| 2% of the original monthly pension. Effective
January 1976, the |
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| rate of the annual increase shall be 3%.
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| (b-1) In January 2009, the monthly pension of a
firefighter |
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| who retired before July 1, 1971 shall be recalculated and |
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| increased to reflect the amount that the firefighter would have |
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| received in January 2009 had the firefighter been receiving a |
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| 3% increase for each year he or she received pension payments. |
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| In each January thereafter, he or she shall receive an |
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| additional
increase of 3% of the amount of the pension then |
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| being paid. The changes made to this Section by this amendatory |
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| Act of the 95th General Assembly apply without regard to |
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| whether the firefighter was in service on or after its |
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| effective date. |
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| (c) The monthly pension of a firefighter who is receiving
a |
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| disability pension under this Article shall be increased, in
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| January of the year following the year the firefighter attains
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| age 60, or in January 1974, if then over age 60, by 2% of the
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| originally granted monthly pension for each
year he or she |
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| received pension payments.
In each January thereafter, the |
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| firefighter shall receive an additional
increase of 2% of the |
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| original monthly pension. Effective January 1976,
the rate of |
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| the annual increase shall be 3%.
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| (c-1) On January 1, 1998, every child's disability benefit |
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| payable on that
date under Section 4-110 or 4-110.1 shall be |
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HB4644 Engrossed |
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LRB095 15138 AMC 41101 b |
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| increased by an amount equal to
1/12 of 3% of the amount of the |
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| benefit, multiplied by the number of months for
which the |
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| benefit has been payable. On each January 1 thereafter, every
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| child's disability benefit payable under Section 4-110 or |
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| 4-110.1 shall be
increased by 3% of the amount of the benefit |
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| then being paid, including any
previous increases received |
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| under this Article. These increases are not
subject to any |
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| limitation on the maximum benefit amount included in Section
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| 4-110 or 4-110.1.
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| (c-2) On July 1, 2004, every pension payable to or on |
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| behalf of a minor
or disabled surviving child that is payable |
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| on that date under Section 4-114
shall be increased by an |
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| amount equal to 1/12 of 3% of the amount of the
pension, |
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| multiplied by the number of months for which the benefit has |
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| been
payable. On July 1, 2005, July 1, 2006, July 1, 2007, and |
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| July 1, 2008, every pension payable to or on behalf
of a minor |
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| or disabled surviving child that is payable under Section 4-114
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| shall be increased by 3% of the amount of the pension then |
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| being paid,
including any previous increases received under |
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| this Article. These increases
are not subject to any limitation |
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| on the maximum benefit amount included in
Section 4-114.
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| (d) The monthly pension of a firefighter who retires after |
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| January 1,
1986, shall, upon either the first of the month |
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| following the first
anniversary of the date of retirement if 55 |
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| years of age or over, or
upon the first day of the month |
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| following attainment of
age 55 if it occurs after the first |
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HB4644 Engrossed |
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LRB095 15138 AMC 41101 b |
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| anniversary of retirement, be increased
by 1/12 of 3% of the |
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| originally granted monthly pension for each full
month that has |
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| elapsed since the pension began, and by an
additional 3% in |
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| each January thereafter.
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| The changes made to this subsection (d) by this amendatory |
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| Act of the 91st
General Assembly apply to all initial increases |
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| that become payable under this
subsection on or after January |
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| 1, 1999. All initial increases that became
payable under this |
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| subsection on or after January 1, 1999 and before the
effective |
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| date of this amendatory Act shall be recalculated and the |
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| additional
amount accruing for that period, if any, shall be |
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| payable to the pensioner in a
lump sum.
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| (e) Notwithstanding the provisions of subsection (a), upon |
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| the
first day of the month following (1) the first anniversary |
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| of the date of
retirement, or (2) the attainment of age 55, or |
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| (3) July 1, 1987, whichever
occurs latest, the monthly pension |
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| of a firefighter who retired on or after
January 1, 1977 and on |
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| or before January 1, 1986 and did not receive an
increase under |
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| subsection (a) before July 1, 1987,
shall be increased by 3% of |
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| the originally granted monthly pension for
each full year that |
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| has elapsed since the pension began, and by an
additional 3% in |
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| each January thereafter. The increases provided under
this |
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| subsection are in lieu of the increases provided in subsection |
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| (a).
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| (Source: P.A. 93-689, eff. 7-1-04.)
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