95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0812


 
Introduced 2/8/2007, by Sen. Kwame Raoul - Emil Jones, Jr.
 
SYNOPSIS AS INTRODUCED:
 		













40 ILCS 5/14-126
  from Ch. 108 1/2, par. 14-126







    Amends the State Employee Article of the Illinois Pension Code.  Makes a technical change in a Section concerning a retirement annuity following nonoccupational
disability benefits.
















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PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB0812

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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 14-126 as follows:
 



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    (40 ILCS 5/14-126)  (from Ch. 108 1/2, par. 14-126)



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    Sec. 14-126. Nonoccupational disability benefit-Rights on 
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expiration-Retirement
annuity option on re-entry.   Any member 
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having 15 or more years of creditable
service, and
and having 
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attained at least age 55, or having 20 or more years
of 
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creditable service and having attained at least age 50, who, 
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after receiving
nonoccupational disability benefit for the 
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maximum period of time specified
herein is still disabled for 
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service, shall be entitled to receive a retirement
annuity 
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beginning the first of the month following application, without

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regard to whether the member has attained age 60.
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    If a member having 15 but less than 20 years of creditable 
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service is under
age 55 when nonoccupational disability 
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benefits terminate, and the member
has been continuously 
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disabled for service, the member is entitled upon
application 
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to the retirement annuity upon the first of the month after

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attainment of age 55.

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    If a member having 20 or more years of creditable service 
 


 






SB0812
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is under age
50 when nonoccupational disability benefits 
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terminate, and the member has
been continuously disabled for 
3
service, the member is entitled upon application
to the 
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retirement annuity beginning upon the first of the month after 
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attainment
of age 50.

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    As an option to the computation of a retirement annuity in 
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the manner provided
in this Article, if a person who retires on 
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a retirement annuity prior to
age 60 under the provisions of 
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this Section re-enters State employment,
that person may refund 
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to the system the amount theretofore received as
a retirement 
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annuity and upon subsequently retiring from State service shall

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be entitled to a retirement annuity computed as though that 
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member had not
previously received such annuity.

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(Source: P.A. 80-841.)