093_HB0509

 
                                     LRB093 03964 EFG 04003 b

 1        AN ACT in relation to public employee benefits.

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

 4        Section 5.  The  Illinois  Pension  Code  is  amended  by
 5    changing Section 6-128.2 as follows:

 6        (40 ILCS 5/6-128.2) (from Ch. 108 1/2, par. 6-128.2)
 7        Sec. 6-128.2. Minimum retirement annuities.
 8        (a)  Beginning  with  the monthly payment due in January,
 9    1988, the monthly annuity  payment  for  any  person  who  is
10    entitled  to  receive a retirement annuity under this Article
11    in January, 1990 and has retired from service at  age  50  or
12    over with 20 or more years of service, and for any person who
13    retires  from  service on or after January 24, 1990 at age 50
14    or over with 20 or more years of service, shall not  be  less
15    than $475 per month. The $475 minimum annuity is exclusive of
16    any automatic annual increases provided by Sections 6-164 and
17    6-164.1,  but not exclusive of previous raises in the minimum
18    annuity as provided by any Section of this Article.
19        Beginning January 1, 1992, the minimum retirement annuity
20    payable to any person who has retired from service at age  50
21    or  over  with 20 or more years of service and is entitled to
22    receive a retirement annuity under this Article on that date,
23    or who retires from service at age 50 or over with 20 or more
24    years of service after that date, shall be $650 per month.
25        Beginning January 1, 1993, the minimum retirement annuity
26    payable to any person who has retired from service at age  50
27    or  over  with 20 or more years of service and is entitled to
28    receive a retirement annuity under this Article on that date,
29    or who retires from service at age 50 or over with 20 or more
30    years of service after that date, shall be $750 per month.
31        Beginning January 1, 1994, the minimum retirement annuity
 
                            -2-      LRB093 03964 EFG 04003 b
 1    payable to any person who has retired from service at age  50
 2    or  over  with 20 or more years of service and is entitled to
 3    receive a retirement annuity under this Article on that date,
 4    or who retires from service at age 50 or over with 20 or more
 5    years of service after that date, shall be $850 per month.
 6        Beginning January 1, 2004, the minimum retirement annuity
 7    payable to any person who has retired from service at age  50
 8    or  over  with 20 or more years of service and is entitled to
 9    receive a retirement annuity under this Article on that date,
10    or who retires from service at age 50 or over with 20 or more
11    years of service after that date, shall be $1,200 per month.
12        Beginning January 1, 2005, the minimum retirement annuity
13    payable to any person who has retired from service at age  50
14    or  over  with 20 or more years of service and is entitled to
15    receive a retirement annuity under this Article on that date,
16    or who retires from service at age 50 or over with 20 or more
17    years of service after that date, shall be $1,400 per month.
18        The minimum annuities established by this subsection  (a)
19    do include previous raises in the minimum annuity as provided
20    by  any  Section of this Article, but do not include any sums
21    which have been added or will be added to annuity payments by
22    the automatic annual increases provided by Sections 6-164 and
23    6-164.1.  Such annual increases shall be paid in addition  to
24    the minimum amounts specified in this subsection.
25        (b)  Notwithstanding any other provision of this Article,
26    beginning  January  1,  1990,  the minimum retirement annuity
27    payable to any person who is entitled to receive a retirement
28    annuity under this Article on that date  shall  be  $475  per
29    month.
30        (c)  The  changes made to this Section by this amendatory
31    Act of the 93rd General Assembly shall apply to  all  persons
32    receiving  a  retirement  annuity under this Article, without
33    regard to whether the  retirement  of  the  fireman  occurred
34    prior to the effective date of this amendatory Act of 1993.
 
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 1    (Source: P.A.  86-273;  86-1027;  86-1028;  86-1475;  87-849;
 2    87-1265.)

 3        Section  90.  The State Mandates Act is amended by adding
 4    Section 8.27 as follows:

 5        (30 ILCS 805/8.27 new)
 6        Sec. 8.27. Exempt mandate.   Notwithstanding  Sections  6
 7    and  8 of this Act, no reimbursement by the State is required
 8    for  the  implementation  of  any  mandate  created  by  this
 9    amendatory Act of the 93rd General Assembly.

10        Section 99.  Effective date.  This Act takes effect  upon
11    becoming law.