Full Text of HB3606 96th General Assembly
HB3606sam003 96TH GENERAL ASSEMBLY
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Sen. David Koehler
Filed: 5/30/2009
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09600HB3606sam003 |
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LRB096 11400 AMC 27798 a |
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| AMENDMENT TO HOUSE BILL 3606
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| AMENDMENT NO. ______. Amend House Bill 3606, AS AMENDED, | | 3 |
| with reference to page and line numbers of Senate Amendment No. | | 4 |
| 2, on page 1, line 6, after "4-109.1,", by inserting | | 5 |
| "7-137.1,"; and
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| on page 8, immediately below line 2, by inserting the | | 7 |
| following:
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| "(40 ILCS 5/7-137.1) (from Ch. 108 1/2, par. 7-137.1)
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| Sec. 7-137.1. Elected officials.
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| (a) A person holding an elective office who has elected
to | | 11 |
| participate in the Fund while in that office may revoke that | | 12 |
| election
and cease participating in the Fund by notifying the | | 13 |
| Board in writing
before January 1, 1992.
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| Upon such revocation, the person shall forfeit all | | 15 |
| creditable service
earned while holding that office, and the | | 16 |
| Board shall refund to the person,
without interest, all |
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09600HB3606sam003 |
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LRB096 11400 AMC 27798 a |
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| employee contributions paid for the forfeited
creditable | | 2 |
| service. The Board shall also refund or credit to the employing
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| municipality, without interest, the employer contributions | | 4 |
| relating to the
forfeited service, except those for death and | | 5 |
| disability.
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| (b) Notwithstanding the provisions of Section 7-141 and | | 7 |
| Section 7-144, beginning
on the effective date of this | | 8 |
| amendatory Act of the 96th General Assembly, a person who holds | | 9 |
| an elective office and has not elected to
participate in the | | 10 |
| Fund with respect to that term of office shall not be | | 11 |
| disqualified from receiving a
retirement annuity during that | | 12 |
| term of office
by reason of holding that
office, provided that | | 13 |
| (i) the person waives his or her salary and stipend for that | | 14 |
| elective office and (ii) the annuity is not based on any | | 15 |
| credits received
for participating during
that term of office. | | 16 |
| Notwithstanding the provisions of Sections 7-141 and 7-144, | | 17 |
| beginning
January 1, 1992, a person who holds an elective | | 18 |
| office and has not elected to
participate in the Fund with | | 19 |
| respect to that office (or has revoked
his election to | | 20 |
| participate with respect to that office under
subsection (a) of | | 21 |
| this Section) shall not be disqualified from receiving a
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| retirement annuity
by reason of holding
such office, provided | | 23 |
| that the annuity is not based on any credits received
for | | 24 |
| participating
while holding that office.
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| (Source: P.A. 87-740.)".
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