99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB3489
 
Introduced , by Rep. Martin J. Moylan
 
SYNOPSIS AS INTRODUCED:
 


  
40 ILCS 5/2-101  from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-105  from Ch. 108 1/2, par. 2-105
40 ILCS 5/2-107  from Ch. 108 1/2, par. 2-107

    Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System to persons who became participants before the effective date of the amendatory Act and provides that, beginning on that date, the System shall not accept any new participants. Makes related changes. Effective immediately.



LRB099 04185 RPS 24206 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 


HB3489LRB099 04185 RPS 24206 b



1    AN ACT concerning public employee benefits.

 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:



 
4    Section 5. The Illinois Pension Code is amended by changing 
5Sections
2-101, 2-105, and 2-107 as follows:



 
6    (40 ILCS 5/2-101)  (from Ch. 108 1/2, par. 2-101)

7    Sec. 2-101. Creation of system.   A retirement system is 
8created to provide
retirement annuities, survivor's annuities 
9and other benefits for certain
members of the General Assembly, 
10certain elected state officials, and their
beneficiaries.


11    The system shall be known as the "General Assembly 
12Retirement System".
All its funds and property shall be a trust 
13separate from all other
entities, maintained for the purpose of 
14securing payment of annuities and
benefits under this Article.


15    Participation in the retirement system created under this 
16Article is
restricted to persons who became participants before 
17the effective date of this amendatory Act of the 99th General 
18Assembly.
Beginning on that date, the System shall not accept 
19any new participants.


20(Source: P.A. 83-1440.)

 
21    (40 ILCS 5/2-105)  (from Ch. 108 1/2, par. 2-105)

22    Sec. 2-105. Member.  "Member": Members of the General 
 
 
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1Assembly of this
State, including persons who enter military 
2service while a member of the
General Assembly, and any person 
3serving as Governor, Lieutenant Governor,
Secretary of State, 
4Treasurer, Comptroller, or Attorney General for the period
of 
5service in such office.


6    Any person who has served for 10 or more years as Clerk or 
7Assistant Clerk
of the House of Representatives, Secretary or 
8Assistant Secretary of the
Senate, or any combination thereof, 
9may elect to become a member
of this system while thenceforth 
10engaged in such service by filing a
written election with the 
11board.  Any person so electing shall be
deemed an active member 
12of the General Assembly for the purpose of validating
and 
13transferring any service credits earned under any of the funds 
14and systems
established under Articles 3 through 18 of this 
15Code.


16    However, notwithstanding any other provision of this 
17Article, a person
shall not be deemed a member for the purposes 
18of this Article unless he or she
became a participant of the 
19System before the effective date of this amendatory Act of the 
2099th General Assembly.


21(Source: P.A. 85-1008.)


 



22    (40 ILCS 5/2-107)  (from Ch. 108 1/2, par. 2-107)



23    Sec. 2-107. Participant. "Participant": Any member who 
24elects to
participate; and any former member who elects to 
25continue participation
under Section 2-117.1, for the duration 
 
 
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1of such continued participation. However, notwithstanding any 
2other provision of this Article, a person
shall not be deemed a 
3participant for the purposes of this Article unless he or she

4became a participant of the System before the effective date of 
5this amendatory Act of the 99th General Assembly.

6(Source: P.A. 86-1488.)


 
7    Section 99. Effective date. This Act takes effect upon 
8becoming law.