HB1291 Engrossed

LRB096 08595 AMC 18718 b






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    AN ACT concerning public employment 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 6-210.4 as follows:
 
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    (40 ILCS 5/6-210.4  new)
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    Sec. 6-210.4. Creditable service for pre-employment 
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military service. An active fireman may establish a maximum of 
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24 months of additional service credit attributed to service in 
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the armed forces of the United States that was served prior to 
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employment by the city as a firefighter by applying in writing 
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to the fund and, after substantiation of any such requested 
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service, making contributions to the fund equal to (i) the 
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employee contributions that would have been required had the 
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service been rendered as a member, plus (ii) an amount 
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determined by the fund to be equal to the employer's normal 
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cost of the benefits accrued for that military service, plus 
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(iii) interest at the actuarially assumed rate provided in the 
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Fund's most recent annual actuarial valuation, compounded 
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annually from the first date of membership in the fund to the 
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date of payment on items (i) and (ii).
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    This Section applies only to firemen in service on or after 
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its effective date.
 
 


 






HB1291 Engrossed
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LRB096 08595 AMC 18718 b




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    Section 90. The State Mandates Act is amended by adding 
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Section 8.33 as follows:
 
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    (30 ILCS 805/8.33 new)
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    Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 
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of this Act, no reimbursement by the State is required for the 
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implementation of any mandate created by this amendatory Act of 
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the 96th General Assembly.

 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.