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HB6018 Engrossed |
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LRB096 17596 AMC 32953 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, or a person who is an employee of the |
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| public school district who is a recipient of a service |
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| retirement, disability retirement, or survivor's pension from |
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| a pension system created under Article 8 of this Code, an |
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| amount to be
determined by the Board, which shall represent |
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| partial reimbursement for
the cost of the recipient's health |
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| 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 |