HB3068 95TH GENERAL ASSEMBLY 






 

 		











95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB3068


 
Introduced 2/26/2007, by Rep. Tom Cross
 
SYNOPSIS AS INTRODUCED:
 		














40 ILCS 5/14-104.10









    Amends the State Employees Article of the Illinois Pension Code. Makes a technical change in a Section concerning federal or out-of-state employment.
















LRB095 09247 AMC 29441 b

















PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB3068

LRB095 09247 AMC 29441 b






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    AN ACT concerning public employee benefits.

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


 
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    Section 5. The Illinois Pension Code is amended  by changing 
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Section 14-104.10 as follows:
 



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    (40 ILCS 5/14-104.10)



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    Sec. 14-104.10. Federal or out-of-state employment. A 
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contributing
employee may establish additional service credit 
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for periods of full-time
employment by the
the federal 
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government or a unit of state or local government
located 
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outside Illinois for which he or she does not qualify for 
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credit under
any other provision of this Article, provided that 
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(i) the amount of service
credit established by a person under 
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this Section shall not exceed 8 years or
40% of his or her 
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membership service under this Article, whichever is less,
(ii) 
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the amount of service credit established by a person under this 
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Section
for federal employment, when added to the amount of all 
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military service credit
granted to the person under this 
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Article, shall not exceed 8 years, and (iii)
any credit 
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received for the federal or out-of-state employment in any 
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federal
or other public employee pension fund or retirement 
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system has been terminated
or relinquished.  Credit may not be 
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established under this Section for any
period of military 
 


 






HB3068
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LRB095 09247 AMC 29441 b




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service or for any period for which credit has been or may
be 
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established under Section 14-110 or any other provision of this 
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Article.

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    In order to establish service credit under this Section, 
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the applicant must
submit a written application to the System 
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by June 30, 1999,
including documentation of the federal or 
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out-of-state employment satisfactory
to the Board, and pay to 
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the System (1) employee contributions at the rates
provided in 
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this Article based upon the person's salary on the last day as 
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a
participating employee prior to the federal or out-of-state 
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employment, or on
the first day as a participating employee 
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after that employment, whichever is
greater, plus (2) an amount 
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determined by the Board to be equal to the
employer's normal 
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cost of the benefits accrued for that employment, plus (3)

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regular interest on items (1) and (2) from the date of 
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conclusion of the
employment to the date of payment.

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(Source: P.A. 90-32, eff. 6-27-97; 90-655, eff. 7-30-98; 
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90-766, eff.
8-14-98.)