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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010 HB3606
Introduced 2/24/2009, by Rep. Gary Hannig SYNOPSIS AS INTRODUCED: |
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40 ILCS 5/7-137.1 |
from Ch. 108 1/2, par. 7-137.1 |
30 ILCS 805/8.33 new |
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Amends the IMRF Article of the Illinois Pension Code. In the provisions
allowing certain annuitants to hold elective office without participating in
the Fund or losing their retirement annuities, allows a separate election for
each term of office and requires that the person waive his or her salary or stipend for that elective office. Amends the State Mandates Act to require implementation
without reimbursement. Effective immediately.
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FISCAL NOTE ACT MAY APPLY |
PENSION IMPACT NOTE ACT MAY APPLY |
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT |
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A BILL FOR
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HB3606 |
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LRB096 11400 AMC 21864 b |
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| AN ACT in relation to 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
7-137.1 as follows:
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| (40 ILCS 5/7-137.1) (from Ch. 108 1/2, par. 7-137.1)
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| Sec. 7-137.1. Elected officials.
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| (a) A person holding an elective office who has elected
to |
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| participate in the Fund while in that office may revoke that |
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| election
and cease participating in the Fund by notifying the |
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| Board in writing
before January 1, 1992.
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| Upon such revocation, the person shall forfeit all |
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| creditable service
earned while holding that office, and the |
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| Board shall refund to the person,
without interest, all |
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| employee contributions paid for the forfeited
creditable |
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| service. The Board shall also refund or credit to the employing
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| municipality, without interest, the employer contributions |
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| relating to the
forfeited service, except those for death and |
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| disability.
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| (b) Notwithstanding the provisions of Section 7-141 and |
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| Section 7-144, beginning
on the effective date of this |
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| amendatory Act of the 96th General Assembly, a person who holds |
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| an elective office and has not elected to
participate in the |