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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB1515 Introduced 1/31/2023, by Rep. Martin J. Moylan SYNOPSIS AS INTRODUCED: |
| 40 ILCS 5/5-240 new | | 40 ILCS 5/6-235 new | | 30 ILCS 805/8.47 new | |
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Amends the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code. Provides that the Retirement Systems Reciprocal Act (Article 20 of the Code) is adopted and made a part of the Chicago Police and Chicago Firefighter Articles, but only with respect to a person who, on or after the effective date of the amendatory Act, is entitled under the Chicago Police or Chicago Firefighter Article to begin receiving a retirement annuity or survivor's annuity and who elects to proceed under the Retirement Systems Reciprocal Act. Amends the State Mandates Act to require implementation without reimbursement by the State.
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| | | STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
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| | A BILL FOR |
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| | HB1515 | | LRB103 25055 RPS 51390 b |
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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 adding |
5 | | Sections 5-240 and 6-235 as follows: |
6 | | (40 ILCS 5/5-240 new) |
7 | | Sec. 5-240. Retirement Systems Reciprocal Act. The |
8 | | Retirement Systems Reciprocal Act, Article 20 of this Code, is |
9 | | adopted and made a part of this Article, but only with respect |
10 | | to a person who, on or after the effective date of this |
11 | | amendatory Act of the 103rd General Assembly, is entitled |
12 | | under this Article to begin receiving a retirement annuity or |
13 | | survivor's annuity (as those terms are defined in Article 20) |
14 | | and who elects to proceed under the Retirement Systems |
15 | | Reciprocal Act. |
16 | | (40 ILCS 5/6-235 new) |
17 | | Sec. 6-235. Retirement Systems Reciprocal Act. The |
18 | | Retirement Systems Reciprocal Act, Article 20 of this Code, is |
19 | | adopted and made a part of this Article, but only with respect |
20 | | to a person who, on or after the effective date of this |
21 | | amendatory Act of the 103rd General Assembly, is entitled |
22 | | under this Article to begin receiving a retirement annuity or |