|
|
|
HB6018 Engrossed |
|
LRB096 17596 AMC 32953 b |
|
|
1 |
| AN ACT concerning public employee benefits.
|
2 |
| Be it enacted by the People of the State of Illinois,
|
3 |
| represented in the General Assembly:
|
4 |
| Section 5. The Illinois Pension Code is amended by changing |
5 |
| Section 17-142.1 as follows: |
6 |
| (40 ILCS 5/17-142.1) (from Ch. 108 1/2, par. 17-142.1)
|
7 |
| Sec. 17-142.1. To defray health insurance costs. To provide |
8 |
| for the
partial reimbursement of health insurance costs.
|
9 |
| (1) On the first day of September of each year, beginning |
10 |
| in 1988,
the Board may, by separate warrant, pay to each |
11 |
| recipient of a service
retirement, disability retirement or |
12 |
| survivor's pension , or a person who is an employee of the |
13 |
| public school district who is a recipient of a service |
14 |
| retirement, disability retirement, or survivor's pension from |
15 |
| a pension system created under Article 8 of this Code, an |
16 |
| amount to be
determined by the Board, which shall represent |
17 |
| partial reimbursement for
the cost of the recipient's health |
18 |
| insurance coverage.
|
19 |
| (2) In lieu of the annual payment authorized in subdivision |
20 |
| (1), for
pensioners enrolled in the Fund's regular health care |
21 |
| deduction plans, the
Fund may pay the health insurance premium |
22 |
| reimbursement on a monthly rather
than annual basis, at the |
23 |
| percentage rate established from time to time by
the Board. If |