Personnel and Pensions Committee
Filed: 3/5/2009
 
 

 




 

 		












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AMENDMENT TO HOUSE BILL 2422 




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    AMENDMENT NO. ______. Amend House Bill 2422  by replacing 
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everything after the enacting clause with the following:


 
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    "Section 5. The Illinois Pension Code is amended  by 
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changing Sections 6-210.1, 6-210.2, and 8-172.1 as follows:
 



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    (40 ILCS 5/6-210.1)
  (from Ch. 108 1/2, par. 6-210.1)


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    Sec. 6-210.1. Credit for former employment with the fire 
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department. 

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    (a) Any fireman who (1) accumulated service credit in the 
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Article 8 fund for
service as an employee of the Chicago Fire 
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Department and (2) has terminated
that Article 8 service credit 
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and received a refund of contributions therefor,
may establish 
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service credit in this Fund for all or any part of that period 
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of
service under the Article 8 fund by making written 
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application to the Board by
January 1, 2010 2005 and paying to 
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this Fund (i) employee contributions based upon
the actual 
 


 






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salary received and the rates in effect for members of this 
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Fund at
the time of such service, plus (ii) the difference 
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between the amount of employer contributions transferred to the 
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Fund under Section 8-172.1 and the amounts equal to the 
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employer's normal cost of contributions had such contributions 
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been made at the rates in effect for members of this Fund at 
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the time of such service, plus (iii) interest thereon 
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calculated as follows:


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        (1) For applications received by the Board before July 
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    14, 1995, interest shall be calculated
on the amount of 
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    employee contributions determined under item (i) above, at 
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    the
rate of 4% per annum, compounded annually, from the 
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    date of termination of such
service to the date of payment.


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        (2) For applications received by the Board on or after 
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    July 14, 1995 but before the effective date of  this 
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    amendatory Act of the 96th General Assembly, interest shall 
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    be calculated
on the amount of employee contributions 
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    determined under item (i) above, at the
rate of 4% per 
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    annum, compounded annually, from the first date of the 
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    period
for which credit is being established under this 
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    subsection (a) to the date of
payment.

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        (3) For applications received by the Board on or after 
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    the effective date of  this amendatory Act of the 96th 
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    General Assembly,  interest shall be calculated
on the 
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    amount of contributions determined under items (i) and (ii) 
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    of this subsection (a), at the
actuarially assumed rate for 
 


 






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    each year, compounded annually, from the first date of the 
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    period
for which credit is being established under this 
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    subsection (a) to the date of
payment. 
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    A fireman who (1) retired on or after January 16, 2004 and 
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on or before the effective date of this amendatory Act of the 
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93rd General Assembly and  (2) files an application to establish 
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service credit under this subsection (a) before January 1, 
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2005, shall have his or her pension recalculated prospectively 
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to include the service credit established under this subsection 
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(a).

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    (b) A fireman who, at any time during the period 1970 
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through 1983, was
an employee of the Chicago Fire Department 
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but did not participate in any
pension fund subject to this 
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Code with respect to that employment may establish
service 
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credit in this Fund for all or any part of that employment by 
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making
written application to the Board by January 1, 2010 2005


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and paying to
this Fund (i)
employee contributions based upon 
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the actual salary received and the rates in
effect for members 
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of this Fund at the time of that employment, plus (ii)
the 
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amounts equal to the employer's normal cost of contributions 
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had such contributions been made at the rates in effect for 
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members of this Fund at the time of that employment, plus (iii) 
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interest thereon calculated at the actuarially assumed rate of 
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4% per annum, compounded annually,
from the first date of the 
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employment for which credit is being established
under this 
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subsection (b) to the date of payment.

 


 






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    (c) (Blank). A fireman may pay the contributions required 
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for service credit under
this Section established on or after 
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July 14, 1995 in the form of payroll deductions, in accordance 
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with
such procedures and limitations as may be established by 
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Board rule and any
applicable rules or ordinances of the 
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employer.

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    (d) Employer contributions shall be transferred as 
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provided in Sections
6-210.2 and 8-172.1.  The employer shall 
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not be responsible for making any
additional employer 
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contributions for any credit established under this
Section.

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(Source: P.A. 93-654, eff. 1-16-04; 93-917, eff. 8-12-04.)

 



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    (40 ILCS 5/6-210.2)




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    Sec. 6-210.2. City contributions for paramedics. 
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Municipality credits
computed and credited under Article 8 for 
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all firemen who (1) accumulated
service credit in the Article 8 
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fund for service as a paramedic, (2) have
terminated that 
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Article 8 service credit and received a refund of

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contributions, and (3) are participants in this Article 6 fund 
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on the
effective date of this amendatory Act of the 96th 93rd 
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General Assembly shall be
transferred by the Article 8 fund to 
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this Fund, together with interest at the
actuarially assumed 
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rate of 11% per annum, compounded annually, to the date of the 
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transfer, as
provided in Section 8-172.1 of this Code.  These 
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city contributions shall be
credited to the individual fireman 
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only if he or she pays for prior service as
a paramedic in full 
 


 






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to this Fund.

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(Source: P.A. 93-654, eff. 1-16-04.)
 



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    (40 ILCS 5/8-172.1)



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    Sec. 8-172.1. Transfer of city contributions for 
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paramedics. 

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    (a) Municipality credits computed and credited under this 
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Article 8 for all
persons who (1) accumulated service credit in 
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this Article 8 fund for service
as a paramedic, (2) have 
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terminated that Article 8 service credit and received
a refund 
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of contributions, and (3) are participants in the Article 6 
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fund on
the effective date of this amendatory Act of the 96th 
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93rd General Assembly shall
be transferred by this Article 8 
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fund to the Article 6 fund together with
interest at the 
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actuarially assumed rate of 11% per annum, compounded annually, 
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to the date of
transfer.  The city shall not be responsible for 
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making any additional employer
contributions to the Fund to 
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replace the amounts transferred under this
Section.

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    (b) Municipality credits computed and credited under this 
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Article 8 for all
persons who (1) accumulated service credit in 
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this Article 8 fund for service
as a paramedic, (2) have 
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terminated that Article 8 service credit and received
a refund 
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of contributions, and (3) are not participants in the Article 6 
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fund
on the effective date of this amendatory Act of the 93rd 
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General Assembly shall
be used as provided in Section 8-172.

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(Source: P.A. 93-654, eff. 1-16-04.)
 
 


 






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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.".