99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB0432
 
Introduced 1/28/2015, by Sen. John J. Cullerton
 
SYNOPSIS AS INTRODUCED:
 


40 ILCS 5/14-126  from Ch. 108 1/2, par. 14-126

    Amends the State Employee Article of the Illinois Pension Code.  Makes a technical change in a Section concerning a retirement annuity following nonoccupational
disability benefits.



LRB099 03104 RPS 23112 b

PENSION IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 


SB0432LRB099 03104 RPS 23112 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 
5Section 14-126 as follows:
 



6    (40 ILCS 5/14-126)  (from Ch. 108 1/2, par. 14-126)



7    Sec. 14-126. 
Nonoccupational disability benefit-Rights on 
8expiration-Retirement
annuity option on re-entry.   Any member 
9having 15 or more years of creditable
service, and
and having 
10attained at least age 55, or having 20 or more years
of 
11creditable service and having attained at least age 50, who, 
12after receiving
nonoccupational disability benefit for the 
13maximum period of time specified
herein is still disabled for 
14service, shall be entitled to receive a retirement
annuity 
15beginning the first of the month following application, without

16regard to whether the member has attained age 60.
17    If a member having 15 but less than 20 years of creditable 
18service is under
age 55 when nonoccupational disability 
19benefits terminate, and the member
has been continuously 
20disabled for service, the member is entitled upon
application 
21to the retirement annuity upon the first of the month after

22attainment of age 55.

23    If a member having 20 or more years of creditable service 
 
 
SB0432- 2 -LRB099 03104 RPS 23112 b

1is under age
50 when nonoccupational disability benefits 
2terminate, and the member has
been continuously disabled for 
3service, the member is entitled upon application
to the 
4retirement annuity beginning upon the first of the month after 
5attainment
of age 50.

6    As an option to the computation of a retirement annuity in 
7the manner provided
in this Article, if a person who retires on 
8a retirement annuity prior to
age 60 under the provisions of 
9this Section re-enters State employment,
that person may refund 
10to the system the amount theretofore received as
a retirement 
11annuity and upon subsequently retiring from State service shall

12be entitled to a retirement annuity computed as though that 
13member had not
previously received such annuity.

14(Source: P.A. 80-841.)