95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB5528


 
Introduced , by Rep. Daniel J. Burke
 
SYNOPSIS AS INTRODUCED:
 		














40 ILCS 5/4-109
  from Ch. 108 1/2, par. 4-109







    Amends the Downstate Firefighter Article of the Illinois Pension Code. Makes a technical change in a Section concerning retirement pensions.
















LRB095 17303 AMC 43368 b

















PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB5528

LRB095 17303 AMC 43368 b






1
    AN ACT concerning 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 changing 
5
Section 4-109 as follows:
 



6
    (40 ILCS 5/4-109)  (from Ch. 108 1/2, par. 4-109)



7
    Sec. 4-109. Pension. 

8
    (a) A firefighter age 50 or more with 20 or more years of 
9
creditable
service, who is no longer in service as a 
10
firefighter, shall receive a monthly
pension of 1/2 the
the 
11
monthly salary attached to the rank held by him or her in
the 
12
fire service at the date of retirement.
13
    The monthly pension shall be increased by 1/12 of 2.5% of 
14
such
monthly salary for each additional month over 20 years of 
15
service through 30
years of service, to a maximum of 75% of 
16
such monthly salary.

17
    The changes made to this subsection (a) by this amendatory 
18
Act of the
91st General Assembly apply to all pensions that 
19
become payable under this
subsection on or after January 1, 
20
1999.  All pensions payable under this
subsection that began on 
21
or after January 1, 1999 and before the effective date
of this 
22
amendatory Act shall be recalculated, and the amount of the 
23
increase
accruing for that period shall be payable to the 
 


 






HB5528
- 2 -
LRB095 17303 AMC 43368 b




1
pensioner in a lump sum.

2
    (b) A firefighter who retires or is separated from service 
3
having at
least 10 but less than 20 years of creditable 
4
service, who is not entitled
to receive a disability pension, 
5
and who did not apply for a refund of
contributions at his or 
6
her last separation from service shall receive a
monthly 
7
pension upon attainment of age 60 based on the monthly salary 
8
attached
to his or her rank in the fire service on the date of 
9
retirement or separation
from service according to the 
10
following schedule:

11
    For 10 years of service, 15% of salary;

12
    For 11 years of service, 17.6% of salary;

13
    For 12 years of service, 20.4% of salary;

14
    For 13 years of service, 23.4% of salary;

15
    For 14 years of service, 26.6% of salary;

16
    For 15 years of service, 30% of salary;

17
    For 16 years of service, 33.6% of salary;

18
    For 17 years of service, 37.4% of salary;

19
    For 18 years of service, 41.4% of salary;

20
    For 19 years of service, 45.6% of salary.

21
(Source: P.A. 91-466, eff. 8-6-99.)