94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB4576

 

Introduced 1/11/2006, by Rep. Robert S. Molaro

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/17-142.1   from Ch. 108 1/2, par. 17-142.1
30 ILCS 805/8.30 new

    Amends the Chicago Teacher Article of the Illinois Pension Code. In provisions concerning the Board of Trustees of the Public School Teachers' Pension and Retirement Fund of Chicago's power to defray health insurance costs, increases the maximum total payments for that purpose to $75,000,000 (from $65,000,000) plus any amount authorized to be paid in the preceding year that was not actually paid by the Board, including interest earned thereon. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.


LRB094 16379 AMC 51631 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

 

 

A BILL FOR

 

HB4576 LRB094 16379 AMC 51631 b

1     AN ACT concerning 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 changing
5 Section 17-142.1 as follows:
 
6     (40 ILCS 5/17-142.1)  (from Ch. 108 1/2, par. 17-142.1)
7     Sec. 17-142.1. To defray health insurance costs. To provide
8 for the partial reimbursement of health insurance costs.
9     (1) On the first day of September of each year, beginning
10 in 1988, the Board may, by separate warrant, pay to each
11 recipient of a service retirement, disability retirement or
12 survivor's pension an amount to be determined by the Board,
13 which shall represent partial reimbursement for the cost of the
14 recipient's health insurance coverage.
15     (2) In lieu of the annual payment authorized in subdivision
16 (1), for pensioners enrolled in the Fund's regular health care
17 deduction plans, the Fund may pay the health insurance premium
18 reimbursement on a monthly rather than annual basis, at the
19 percentage rate established from time to time by the Board. If
20 the Board so directs, these monthly payments may be made in the
21 form of a direct payment of premium and a reduction in the
22 amount deducted from the annuity, rather than in the form of
23 reimbursement by separate warrant.
24     (3) Total payments under this Section in any year may not
25 exceed $75,000,000 $65,000,000 plus any amount that was
26 authorized to be paid under this Section in the preceding year
27 but was not actually paid by the Board, including any interest
28 earned thereon.
29     (4) The total amount of payments under this Section in any
30 year may not exceed 75% of the total cost of health insurance
31 coverage in that year for all the recipients who receive
32 payments authorized by this Section in that year.

 

 

HB4576 - 2 - LRB094 16379 AMC 51631 b

1 (Source: P.A. 93-677, eff. 6-28-04.)
 
2     Section 90. The State Mandates Act is amended by adding
3 Section 8.30 as follows:
 
4     (30 ILCS 805/8.30 new)
5     Sec. 8.30. Exempt mandate. Notwithstanding Sections 6 and 8
6 of this Act, no reimbursement by the State is required for the
7 implementation of any mandate created by this amendatory Act of
8 the 94th General Assembly.
 
9     Section 99. Effective date. This Act takes effect upon
10 becoming law.