Illinois General Assembly - Full Text of HB4463
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Full Text of HB4463  94th General Assembly



HB4463 Enrolled LRB094 14363 AMC 49289 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 20-109 as follows:
6     (40 ILCS 5/20-109)  (from Ch. 108 1/2, par. 20-109)
7     Sec. 20-109. "Pension credit": Credit or equities acquired
8 by an employee in the form of contributions, earnings or
9 service as defined under the law governing each of the systems
10 in which he has credits or equities, except credits and
11 equities (1) of less than one year in any one system, except
12 that this one-year limitation shall not apply to (A) employees
13 who transfer or are transferred, as a class, from one
14 participating system to another or who are persons to whom
15 Section 14-108.2a or 14-108.2b applies or (B) persons who move
16 from participation with a school district as a teacher aide
17 under Article 7 to participation under Article 16; or (2) which
18 have previously been forfeited by acceptance of a refund or
19 which have been applied towards a retirement annuity and have
20 not been reestablished in accordance with the law governing the
21 system from which the refund or retirement annuity had been
22 received. If a retirement system provides no refund of
23 contributions, the pension credit in the case of any employee
24 who has participated in that system shall be considered
25 effective for the purposes of this Article.
26 (Source: P.A. 88-535; 89-246, eff. 8-4-95.)
27     Section 90. The State Mandates Act is amended by adding
28 Section 8.30 as follows:
29     (30 ILCS 805/8.30 new)
30     Sec. 8.30. Exempt mandate. Notwithstanding Sections 6 and 8



HB4463 Enrolled - 2 - LRB094 14363 AMC 49289 b

1 of this Act, no reimbursement by the State is required for the
2 implementation of any mandate created by this amendatory Act of
3 the 94th General Assembly.
4     Section 99. Effective date. This Act takes effect upon
5 becoming law.