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| 1 | AN ACT concerning public employee benefits.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||||||||
| 5 | Sections 6-210.1, 6-210.2, and 8-172.1 as follows:
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| 6 | (40 ILCS 5/6-210.1)
(from Ch. 108 1/2, par. 6-210.1)
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| 7 | Sec. 6-210.1. Credit for former employment with the fire | ||||||||||||||||||||||||||||||
| 8 | department.
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| 9 | (a) Any fireman who (1) accumulated service credit in the | ||||||||||||||||||||||||||||||
| 10 | Article 8 fund for
service as an employee of the Chicago Fire | ||||||||||||||||||||||||||||||
| 11 | Department and (2) has terminated
that Article 8 service credit | ||||||||||||||||||||||||||||||
| 12 | and received a refund of contributions therefor,
may establish | ||||||||||||||||||||||||||||||
| 13 | service credit in this Fund for all or any part of that period | ||||||||||||||||||||||||||||||
| 14 | of
service under the Article 8 fund by making written | ||||||||||||||||||||||||||||||
| 15 | application to the Board by
January 1, 2010 2005 and paying to | ||||||||||||||||||||||||||||||
| 16 | this Fund (i) employee contributions based upon
the actual | ||||||||||||||||||||||||||||||
| 17 | salary received and the rates in effect for members of this | ||||||||||||||||||||||||||||||
| 18 | Fund at
the time of such service, plus (ii) interest thereon | ||||||||||||||||||||||||||||||
| 19 | calculated as follows:
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| 20 | (1) For applications received by the Board before July | ||||||||||||||||||||||||||||||
| 21 | 14, 1995, interest shall be calculated
on the amount of | ||||||||||||||||||||||||||||||
| 22 | employee contributions determined under item (i) above, at | ||||||||||||||||||||||||||||||
| 23 | the
rate of 4% per annum, compounded annually, from the | ||||||||||||||||||||||||||||||
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| 1 | date of termination of such
service to the date of payment.
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| 2 | (2) For applications received by the Board on or after | ||||||
| 3 | July 14, 1995, interest shall be calculated
on the amount | ||||||
| 4 | of employee contributions determined under item (i) above, | ||||||
| 5 | at the
rate of 4% per annum, compounded annually, from the | ||||||
| 6 | first date of the period
for which credit is being | ||||||
| 7 | established under this subsection (a) to the date of
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| 8 | payment.
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| 9 | A fireman who (1) retired on or after January 16, 2004 and | ||||||
| 10 | on or before the effective date of this amendatory Act of the | ||||||
| 11 | 93rd General Assembly and (2) files an application to establish | ||||||
| 12 | service credit under this subsection (a) before January 1, | ||||||
| 13 | 2005, shall have his or her pension recalculated prospectively | ||||||
| 14 | to include the service credit established under this subsection | ||||||
| 15 | (a).
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| 16 | (b) A fireman who, at any time during the period 1970 | ||||||
| 17 | through 1983, was
an employee of the Chicago Fire Department | ||||||
| 18 | but did not participate in any
pension fund subject to this | ||||||
| 19 | Code with respect to that employment may establish
service | ||||||
| 20 | credit in this Fund for all or any part of that employment by | ||||||
| 21 | making
written application to the Board by January 1, 2010 2005
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| 22 | and paying to
this Fund (i)
employee contributions based upon | ||||||
| 23 | the actual salary received and the rates in
effect for members | ||||||
| 24 | of this Fund at the time of that employment, plus (ii)
interest | ||||||
| 25 | thereon calculated at the rate of 4% per annum, compounded | ||||||
| 26 | annually,
from the first date of the employment for which | ||||||
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| 1 | credit is being established
under this subsection (b) to the | ||||||
| 2 | date of payment.
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| 3 | (c) (Blank). A fireman may pay the contributions required | ||||||
| 4 | for service credit under
this Section established on or after | ||||||
| 5 | July 14, 1995 in the form of payroll deductions, in accordance | ||||||
| 6 | with
such procedures and limitations as may be established by | ||||||
| 7 | Board rule and any
applicable rules or ordinances of the | ||||||
| 8 | employer.
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| 9 | (d) Employer contributions shall be transferred as | ||||||
| 10 | provided in Sections
6-210.2 and 8-172.1. The employer shall | ||||||
| 11 | not be responsible for making any
additional employer | ||||||
| 12 | contributions for any credit established under this
Section.
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| 13 | (Source: P.A. 93-654, eff. 1-16-04; 93-917, eff. 8-12-04.)
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| 14 | (40 ILCS 5/6-210.2)
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| 15 | Sec. 6-210.2. City contributions for paramedics. | ||||||
| 16 | Municipality credits
computed and credited under Article 8 for | ||||||
| 17 | all firemen who (1) accumulated
service credit in the Article 8 | ||||||
| 18 | fund for service as a paramedic, (2) have
terminated that | ||||||
| 19 | Article 8 service credit and received a refund of
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| 20 | contributions, and (3) are participants in this Article 6 fund | ||||||
| 21 | on the
effective date of this amendatory Act of the 96th 93rd | ||||||
| 22 | General Assembly shall be
transferred by the Article 8 fund to | ||||||
| 23 | this Fund, together with interest at the
rate of 11% per annum, | ||||||
| 24 | compounded annually, to the date of the transfer, as
provided | ||||||
| 25 | in Section 8-172.1 of this Code. These city contributions shall | ||||||
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| 1 | be
credited to the individual fireman only if he or she pays | ||||||
| 2 | for prior service as
a paramedic in full to this Fund.
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| 3 | (Source: P.A. 93-654, eff. 1-16-04.)
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| 4 | (40 ILCS 5/8-172.1)
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| 5 | Sec. 8-172.1. Transfer of city contributions for | ||||||
| 6 | paramedics.
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| 7 | (a) Municipality credits computed and credited under this | ||||||
| 8 | Article 8 for all
persons who (1) accumulated service credit in | ||||||
| 9 | this Article 8 fund for service
as a paramedic, (2) have | ||||||
| 10 | terminated that Article 8 service credit and received
a refund | ||||||
| 11 | of contributions, and (3) are participants in the Article 6 | ||||||
| 12 | fund on
the effective date of this amendatory Act of the 96th | ||||||
| 13 | 93rd General Assembly shall
be transferred by this Article 8 | ||||||
| 14 | fund to the Article 6 fund together with
interest at the rate | ||||||
| 15 | of 11% per annum, compounded annually, to the date of
transfer. | ||||||
| 16 | The city shall not be responsible for making any additional | ||||||
| 17 | employer
contributions to the Fund to replace the amounts | ||||||
| 18 | transferred under this
Section.
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| 19 | (b) Municipality credits computed and credited under this | ||||||
| 20 | Article 8 for all
persons who (1) accumulated service credit in | ||||||
| 21 | this Article 8 fund for service
as a paramedic, (2) have | ||||||
| 22 | terminated that Article 8 service credit and received
a refund | ||||||
| 23 | of contributions, and (3) are not participants in the Article 6 | ||||||
| 24 | fund
on the effective date of this amendatory Act of the 93rd | ||||||
| 25 | General Assembly shall
be used as provided in Section 8-172.
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| 1 | (Source: P.A. 93-654, eff. 1-16-04.) | ||||||
| 2 | Section 90. The State Mandates Act is amended by adding | ||||||
| 3 | Section 8.33 as follows: | ||||||
| 4 | (30 ILCS 805/8.33 new) | ||||||
| 5 | Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
| 6 | of this Act, no reimbursement by the State is required for the | ||||||
| 7 | implementation of any mandate created by this amendatory Act of | ||||||
| 8 | the 96th General Assembly.
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| 9 | Section 99. Effective date. This Act takes effect upon | ||||||
| 10 | becoming law.
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