96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB2585


 
Introduced 2/20/2009, by Rep. Joseph M. Lyons
 
SYNOPSIS AS INTRODUCED:
 		













40 ILCS 5/17-142.1
  from Ch. 108 1/2, par. 17-142.1








    Amends the Chicago Teacher Article of the Illinois Pension Code. Limits what the board of the pension and retirement fund may reimburse for the cost of health care insurance coverage to 75% of the cost for recipients of a service retirement, disability retirement, or survivor's pension and removes other provisions limiting the reimbursement. Effective immediately.
















LRB096 04562 AMC 14617 b

















PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 









HB2585

LRB096 04562 AMC 14617 b






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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 17-142.1 as follows:
 
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    (40 ILCS 5/17-142.1)  (from Ch. 108 1/2, par. 17-142.1)

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    Sec. 17-142.1. To defray health insurance costs.  To provide 
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for the
partial reimbursement of health insurance costs.


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    (1) On the first day of September of each year, beginning 
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in 1988,
the Board may, by separate warrant, pay to each 
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recipient of a service
retirement, disability retirement or 
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survivor's pension an amount to be
determined by the Board, 
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which shall represent partial reimbursement of 75% of
for
the 
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cost of the recipient's health insurance coverage.


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    (2) In lieu of the annual payment authorized in subdivision 
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(1), for
pensioners enrolled in the Fund's regular health care 
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deduction plans, the
Fund may pay the health insurance premium 
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reimbursement on a monthly rather
than annual basis, at the 
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percentage rate established from time to time by
the Board.  If 
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the Board so directs, these monthly payments may be made in
the 
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form of a direct payment of premium and a reduction in the 
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amount
deducted from the annuity, rather than in the form of 
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reimbursement by
separate warrant.


 


 






HB2585
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LRB096 04562 AMC 14617 b




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    (3) Total payments under this Section in any year may not 
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exceed
$65,000,000 plus any amount that was authorized to be 
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paid
under this Section in the preceding year but was not 
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actually paid by the
Board, including any interest earned 
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thereon.


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    (4) The total amount of payments under this Section in any 
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year may not exceed 75% of the total cost of health insurance 
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coverage in that year for all the recipients who receive 
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payments authorized by this Section in that year.

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(Source: P.A. 93-677, eff. 6-28-04.)

 

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