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Sen. John J. Cullerton
Filed: 4/28/2004
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09300HB1269sam001 |
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LRB093 08182 LRD 50100 a |
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| AMENDMENT TO HOUSE BILL 1269
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| AMENDMENT NO. ______. Amend House Bill 1269 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Illinois Pension Code is amended by |
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| changing Section 17-142.1
as follows:
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| (40 ILCS 5/17-142.1) (from Ch. 108 1/2, par. 17-142.1)
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| Sec. 17-142.1. To defray health insurance costs. To provide |
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| for the
partial reimbursement of health insurance costs.
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| (1) On the first day of September of each year, beginning |
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| in 1988,
the Board may, by separate warrant, pay to each |
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| recipient of a service
retirement, disability retirement or |
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| survivor's pension an amount to be
determined by the Board, |
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| which shall represent partial reimbursement for
the cost of the |
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| recipient's health insurance coverage.
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| (2) In lieu of the annual payment authorized in subdivision |
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| (1), for
pensioners enrolled in the Fund's regular health care |
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| deduction plans, the
Fund may pay the health insurance premium |
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| reimbursement on a monthly rather
than annual basis, at the |
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| percentage rate established from time to time by
the Board. If |
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| the Board so directs, these monthly payments may be made in
the |
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| form of a direct payment of premium and a reduction in the |
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| amount
deducted from the annuity, rather than in the form of |
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| reimbursement by
separate warrant.
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