96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB4826


 
Introduced 1/12/2010, by Rep. William Davis
 
SYNOPSIS AS INTRODUCED:
 		













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




30 ILCS 805/8.34 new










    Amends the Chicago Teacher Article of the Illinois Pension Code. In provisions concerning the Board of Trustees of the Public School Teachers' Pension and Retirement Fund of Chicago's power to defray health insurance costs, increases the maximum total payments for that purpose to $100,000,000 (from $65,000,000) plus any amount authorized to be paid in the preceding year that was not actually paid by the Board, including interest earned thereon.  Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
















LRB096 16356 AMC 31620 b

















FISCAL NOTE ACT MAY APPLY


PENSION IMPACT NOTE ACT MAY APPLY


STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
















 


 


A BILL FOR









 











HB4826

LRB096 16356 AMC 31620 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 for
the cost of the 
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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.


 


 






HB4826
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LRB096 16356 AMC 31620 b




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    (3) Total payments under this Section in any year may not 
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exceed
$100,000,000
$65,000,000 plus any amount that was 
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authorized to be paid
under this Section in the preceding year 
4
but was not actually paid by the
Board, including any interest 
5
earned 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 90. The State Mandates Act is amended by adding 
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Section 8.34 as follows:
 
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    (30 ILCS 805/8.34 new)
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    Sec. 8.34. 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.