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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||||
5 | Section 1-160 as follows: | ||||||||||||||||||||||||||
6 | (40 ILCS 5/1-160) | ||||||||||||||||||||||||||
7 | (This Section may contain text from a Public Act with a | ||||||||||||||||||||||||||
8 | delayed effective date ) | ||||||||||||||||||||||||||
9 | Sec. 1-160. Provisions applicable to new hires. | ||||||||||||||||||||||||||
10 | (a) The provisions of this Section apply to a person who | ||||||||||||||||||||||||||
11 | first becomes an employee and a participant under any | ||||||||||||||||||||||||||
12 | retirement system or pension fund under this Code, other than a | ||||||||||||||||||||||||||
13 | retirement system or pension fund established under Article 2, | ||||||||||||||||||||||||||
14 | 3, 4, 5, 6, or 18 of this Code, on or after the effective date | ||||||||||||||||||||||||||
15 | of this amendatory Act of the 96th General Assembly | ||||||||||||||||||||||||||
16 | notwithstanding any other provision of this Code to the | ||||||||||||||||||||||||||
17 | contrary, but do not apply to any self-managed plan established | ||||||||||||||||||||||||||
18 | under this Code, to any person with respect to service as a | ||||||||||||||||||||||||||
19 | sheriff's law enforcement employee under Article 7, or to any | ||||||||||||||||||||||||||
20 | participant of the retirement plan established under Section | ||||||||||||||||||||||||||
21 | 22-101. | ||||||||||||||||||||||||||
22 | (b) "Final average salary" means the average monthly salary | ||||||||||||||||||||||||||
23 | obtained by dividing the total salary of the participant during |
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1 | the 96 consecutive months of service within the last 120 months | ||||||
2 | of service in which the total salary was the highest by the | ||||||
3 | number of months of service in that period; however, the annual | ||||||
4 | final average salary may not exceed $106,800, as automatically | ||||||
5 | increased
by the lesser of 3% or one-half of the annual | ||||||
6 | increase in the consumer price index-u
during the preceding | ||||||
7 | 12-month calendar year. For the purposes of a person who first | ||||||
8 | becomes an employee of any retirement system or pension fund to | ||||||
9 | which this Section applies on or after the effective date of | ||||||
10 | this amendatory Act of the 96th General Assembly, in this Code, | ||||||
11 | "final average salary" shall be substituted for the following: | ||||||
12 | (1) In Articles 7 (except for service as sheriff's law | ||||||
13 | enforcement employees) and 15, "final rate of earnings". | ||||||
14 | (2) In Articles 8, 9, 10, 11, and 12, "highest average | ||||||
15 | annual salary for any 4 consecutive years within the last | ||||||
16 | 10 years of service immediately preceding the date of | ||||||
17 | withdrawal". | ||||||
18 | (3) In Article 13, "average final salary". | ||||||
19 | (4) In Article 14, "final average compensation". | ||||||
20 | (5) In Article 17, "average salary". | ||||||
21 | (6) In Section 22-207, "wages or salary received by him | ||||||
22 | at the date of retirement or discharge". | ||||||
23 | For the purposes of this Section, "consumer price index-u" | ||||||
24 | means
the index published by the Bureau of Labor Statistics of | ||||||
25 | the United States
Department of Labor that measures the average | ||||||
26 | change in prices of goods and
services purchased by all urban |
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1 | consumers, United States city average, all
items, 1982-84 = | ||||||
2 | 100. The new amount resulting from each annual adjustment
shall | ||||||
3 | be determined by the Public Pension Division of the Department | ||||||
4 | of Insurance and made available to the boards of the retirement | ||||||
5 | systems and pension funds. | ||||||
6 | (c) A participant is entitled to a retirement
annuity | ||||||
7 | beginning on the date specified by the participant in
a written | ||||||
8 | application only if, on that specified date, he or she has | ||||||
9 | attained age 67 and has at least 10 years of service credit. | ||||||
10 | A participant who has attained age 62 and has at least 10 | ||||||
11 | years of service credit may elect to receive the lower | ||||||
12 | retirement annuity provided
in subsection (d) of this Section. | ||||||
13 | (d) The retirement annuity of a participant who is retiring | ||||||
14 | after attaining age 62 with at least 10 years of service credit | ||||||
15 | shall be reduced by one-half
of 1% for each month that the | ||||||
16 | member's age is under age 67. | ||||||
17 | (e) Any retirement annuity or supplemental annuity shall be | ||||||
18 | subject to annual increases upon (1) attainment of age 67 or | ||||||
19 | (2) the first anniversary of the commencement of the annuity,
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20 | whichever occurs later. Each annual increase shall be | ||||||
21 | calculated at 3% or one-half the annual increase in the | ||||||
22 | consumer price index-u for the preceding calendar year, | ||||||
23 | whichever is less, of the originally granted retirement annuity | ||||||
24 | then being paid . If the increase in the consumer price index-u | ||||||
25 | for the preceding calendar year is zero or there is a decrease, | ||||||
26 | then the annuity shall not be increased. |
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1 | (f) The initial survivor's annuity of an otherwise eligible | ||||||
2 | survivor of a participant who first becomes a participant on or | ||||||
3 | after the effective date of this amendatory Act of the 96th | ||||||
4 | General Assembly shall be in the amount of 66 2/3% of the | ||||||
5 | participant's earned retirement annuity at the date of death | ||||||
6 | and shall be increased (1) on each January 1 occurring on or | ||||||
7 | after the commencement of the annuity if
the deceased member | ||||||
8 | died while receiving a retirement annuity or (2) in
other | ||||||
9 | cases, on each January 1 occurring after the first anniversary
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10 | of the commencement of the annuity. Each annual increase shall | ||||||
11 | be calculated at 3% or one-half the annual increase in the | ||||||
12 | consumer price index-u for the preceding calendar year, | ||||||
13 | whichever is less, of the originally granted survivor's | ||||||
14 | annuity. If the increase in the consumer price index-u for the | ||||||
15 | preceding calendar year is zero or there is a decrease, then | ||||||
16 | the annuity shall not be increased. | ||||||
17 | (g) The benefits in Section 14-110 apply only if the person | ||||||
18 | is a State policeman, a fire fighter in the fire protection | ||||||
19 | service of a department, or a security employee of the | ||||||
20 | Department of Corrections or the Department of Juvenile | ||||||
21 | Justice, as those terms are defined in subsection (b) of | ||||||
22 | Section 14-110. A person who meets the requirements of this | ||||||
23 | Section is entitled to an annuity calculated under the | ||||||
24 | provisions of Section 14-110, in lieu of the regular or minimum | ||||||
25 | retirement annuity, only if the person has withdrawn from | ||||||
26 | service with not less than 20
years of eligible creditable |
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1 | service and has attained age 60, regardless of whether
the | ||||||
2 | attainment of age 60 occurs while the person is
still in | ||||||
3 | service. | ||||||
4 | (h) If a person who first becomes a member of a retirement | ||||||
5 | system or pension fund subject to this Section on or after the | ||||||
6 | effective date of this amendatory Act of the 96th General | ||||||
7 | Assembly is receiving a retirement annuity or retirement | ||||||
8 | pension under that system or fund and accepts employment in a | ||||||
9 | position covered under the same Article or any other Article of | ||||||
10 | this Code on a full-time basis, then the person's retirement | ||||||
11 | annuity or retirement pension under that system or fund shall | ||||||
12 | be suspended during that employment. Upon termination of that | ||||||
13 | employment, the person's retirement annuity or retirement | ||||||
14 | pension payments shall resume and, if appropriate, be | ||||||
15 | recalculated under the applicable provisions of this Code. | ||||||
16 | (i) Notwithstanding any other provision of this Section, a | ||||||
17 | person who first becomes a participant of the retirement system | ||||||
18 | established under Article 15 on or after the effective date of | ||||||
19 | this amendatory Act of the 96th General Assembly shall have the | ||||||
20 | option to enroll in the self-managed plan created under Section | ||||||
21 | 15-158.2 of this Code. | ||||||
22 | (j) In the case of a conflict between the provisions of | ||||||
23 | this Section and any other provision of this Code, the | ||||||
24 | provisions of this Section shall control.
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25 | (Source: P.A. 96-889, eff. 1-1-11.) |
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1 | Section 90. The State Mandates Act is amended by adding | ||||||
2 | Section 8.34 as follows: | ||||||
3 | (30 ILCS 805/8.34 new) | ||||||
4 | Sec. 8.34. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
5 | of this Act, no reimbursement by the State is required for the | ||||||
6 | implementation of any mandate created by this amendatory Act of | ||||||
7 | the 96th General Assembly. | ||||||
8 | Section 95. No acceleration or delay. Where this Act makes | ||||||
9 | changes in a statute that is represented in this Act by text | ||||||
10 | that is not yet or no longer in effect (for example, a Section | ||||||
11 | represented by multiple versions), the use of that text does | ||||||
12 | not accelerate or delay the taking effect of (i) the changes | ||||||
13 | made by this Act or (ii) provisions derived from any other | ||||||
14 | Public Act.
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15 | Section 99. Effective date. This Act takes effect January | ||||||
16 | 1, 2011.
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