Sen. David Koehler
Filed: 5/30/2009
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1 | AMENDMENT TO HOUSE BILL 3606
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2 | AMENDMENT NO. ______. Amend House Bill 3606, AS AMENDED, | ||||||
3 | with reference to page and line numbers of Senate Amendment No. | ||||||
4 | 2, on page 1, line 6, after "4-109.1,", by inserting | ||||||
5 | "7-137.1,"; and | ||||||
6 | on page 8, immediately below line 2, by inserting the | ||||||
7 | following:
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8 | "(40 ILCS 5/7-137.1) (from Ch. 108 1/2, par. 7-137.1)
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9 | Sec. 7-137.1. Elected officials.
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10 | (a) A person holding an elective office who has elected
to | ||||||
11 | participate in the Fund while in that office may revoke that | ||||||
12 | election
and cease participating in the Fund by notifying the | ||||||
13 | Board in writing
before January 1, 1992.
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14 | Upon such revocation, the person shall forfeit all | ||||||
15 | creditable service
earned while holding that office, and the | ||||||
16 | Board shall refund to the person,
without interest, all |
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1 | employee contributions paid for the forfeited
creditable | ||||||
2 | service. The Board shall also refund or credit to the employing
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3 | municipality, without interest, the employer contributions | ||||||
4 | relating to the
forfeited service, except those for death and | ||||||
5 | disability.
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6 | (b) Notwithstanding the provisions of Section 7-141 and | ||||||
7 | Section 7-144, beginning
on the effective date of this | ||||||
8 | amendatory Act of the 96th General Assembly, a person who holds | ||||||
9 | an elective office and has not elected to
participate in the | ||||||
10 | Fund with respect to that term of office shall not be | ||||||
11 | disqualified from receiving a
retirement annuity during that | ||||||
12 | term of office
by reason of holding that
office, provided that | ||||||
13 | (i) the person waives his or her salary and stipend for that | ||||||
14 | elective office and (ii) the annuity is not based on any | ||||||
15 | credits received
for participating during
that term of office. | ||||||
16 | Notwithstanding the provisions of Sections 7-141 and 7-144, | ||||||
17 | beginning
January 1, 1992, a person who holds an elective | ||||||
18 | office and has not elected to
participate in the Fund with | ||||||
19 | respect to that office (or has revoked
his election to | ||||||
20 | participate with respect to that office under
subsection (a) of | ||||||
21 | this Section) shall not be disqualified from receiving a
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22 | retirement annuity
by reason of holding
such office, provided | ||||||
23 | that the annuity is not based on any credits received
for | ||||||
24 | participating
while holding that office.
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25 | (Source: P.A. 87-740.)".
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