Full Text of SB1300 101st General Assembly
SB1300eng 101ST GENERAL ASSEMBLY |
| | SB1300 Engrossed | | LRB101 07899 RPS 52954 b |
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| 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 9-169 as follows:
| 6 | | (40 ILCS 5/9-169) (from Ch. 108 1/2, par. 9-169)
| 7 | | Sec. 9-169. Financing - Tax levy. | 8 | | (a) The county board shall levy a
tax annually upon all | 9 | | taxable property in the county at the rate that
will produce a | 10 | | sum which, when added to the amounts deducted from the salaries
| 11 | | of the employees or otherwise contributed by them is sufficient
| 12 | | for the requirements of this Article.
| 13 | | For the years before 1962 the tax rate shall be as provided | 14 | | in "The
1925 Act". For the years 1962 and 1963 the tax rate | 15 | | shall be not more
than .0200 per cent; for the years 1964 and | 16 | | 1965 the tax rate shall be
not more than .0202 per cent; for | 17 | | the years 1966 and 1967 the tax rate
shall be not more than | 18 | | .0207 per cent; for the year 1968 the tax rate
shall be not | 19 | | more than .0220 per cent; for the year 1969 the tax rate
shall | 20 | | be not more than .0233 per cent; for the year 1970 the tax rate
| 21 | | shall be not more than .0255 per cent; for the year 1971 the | 22 | | tax rate
shall be not more than .0268 per cent of the value, as | 23 | | equalized or
assessed by the Department of Revenue upon all |
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| 1 | | taxable
property in the county. Beginning with the year 1972 | 2 | | and for each year
thereafter the county shall levy a tax | 3 | | annually at a rate on the dollar
of the value, as equalized or | 4 | | assessed by the Department of Revenue
of all taxable property | 5 | | within the county that will
produce, when extended, not to | 6 | | exceed an amount equal to the total
amount of contributions | 7 | | made by the employees to the
fund in the calendar year 2 years | 8 | | prior to the year for which the annual
applicable tax is levied | 9 | | multiplied by .8 for the years 1972 through
1976; by .8 for the | 10 | | year 1977; by .87 for the year 1978; by .94 for the
year 1979; | 11 | | by 1.02 for the year 1980 and by 1.10 for the year 1981 and
by | 12 | | 1.18 for the year 1982 and by 1.36 for the year 1983 and by 1.54 | 13 | | for
the year 1984 and for each year thereafter.
| 14 | | This tax shall be levied and collected in like manner with | 15 | | the
general taxes of the county, and shall be in addition to | 16 | | all other taxes
which the county is authorized to levy upon the | 17 | | aggregate valuation of
all taxable property within the county | 18 | | and shall be exclusive of and in
addition to the amount of tax | 19 | | the county is authorized to levy for
general purposes under any | 20 | | laws which may limit the amount of tax which
the county may | 21 | | levy for general purposes. The county clerk, in reducing
tax | 22 | | levies under any Act concerning the levy and extension of | 23 | | taxes,
shall not consider this tax as a part of the general tax | 24 | | levy for county
purposes, and shall not include it within any | 25 | | limitation of the per cent
of the assessed valuation upon which | 26 | | taxes are required to be extended
for the county. It is lawful |
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| 1 | | to extend this tax in addition to the
general county rate fixed | 2 | | by statute, without being authorized as
additional by a vote of | 3 | | the people of the county.
| 4 | | Revenues derived from this tax shall be paid to the | 5 | | treasurer of the
county and held by him for the benefit of the | 6 | | fund.
| 7 | | If the payments on account of taxes are insufficient during | 8 | | any year
to meet the requirements of this Article, the county | 9 | | may issue tax
anticipation warrants against the current tax | 10 | | levy.
| 11 | | (b) By January 10, annually, the board shall notify the | 12 | | county board
of the requirement of this Article that this tax | 13 | | shall be levied. The
board shall make an annual determination
| 14 | | of the required county contributions, and shall certify the | 15 | | results
thereof to the county board.
| 16 | | (c) The various sums to be contributed by the county board | 17 | | and
allocated for the purposes of this Article and any interest | 18 | | to be
contributed by the county shall be taken from the revenue | 19 | | derived from
this tax or from any revenue source, including, | 20 | | but not limited to, other tax revenue, proceeds of county | 21 | | borrowings, or State or federal funds. and no money of the | 22 | | county derived from any source other than
the levy and | 23 | | collection of this tax or the sale of tax anticipation
| 24 | | warrants, except state or federal funds contributed for annuity | 25 | | and
benefit purposes for employees of a county department of | 26 | | public aid
under "The Illinois Public Aid Code", approved April |
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| 1 | | 11, 1967, as now or
hereafter amended, may be used to provide | 2 | | revenue for the fund.
| 3 | | If it is not possible or practicable for the county to make
| 4 | | contributions for age and service annuity and widow's annuity
| 5 | | concurrently with the employee contributions made for such | 6 | | purposes,
such county shall make such contributions as soon as | 7 | | possible and
practicable thereafter with interest thereon at | 8 | | the effective rate until
the time it shall be made.
| 9 | | (d) With respect to employees whose wages are funded as | 10 | | participants
under the Comprehensive Employment and Training | 11 | | Act of 1973, as amended
(P.L. 93-203, 87 Stat. 839, P.L. | 12 | | 93-567, 88 Stat. 1845), hereinafter
referred to as CETA, | 13 | | subsequent to October 1, 1978, and in instances
where the board | 14 | | has elected to establish a manpower program reserve, the
board | 15 | | shall compute the amounts necessary to be credited to the | 16 | | manpower
program reserves established and maintained as herein | 17 | | provided, and
shall make a periodic determination of the amount | 18 | | of required
contributions from the County to the reserve to be | 19 | | reimbursed by the
federal government in accordance with rules | 20 | | and regulations established
by the Secretary of the United | 21 | | States Department of Labor or his
designee, and certify the | 22 | | results thereof to the County Board. Any such
amounts shall | 23 | | become a credit to the County and will be used to reduce
the | 24 | | amount which the County would otherwise contribute during | 25 | | succeeding
years for all employees.
| 26 | | (e) In lieu of establishing a manpower program reserve with |
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| 1 | | respect
to employees whose wages are funded as participants | 2 | | under the
Comprehensive Employment and Training Act of 1973, as | 3 | | authorized by
subsection (d), the board may elect to establish | 4 | | a special County
contribution rate for all such employees. If | 5 | | this option is elected, the
County shall contribute to the Fund | 6 | | from federal funds provided under
the Comprehensive Employment | 7 | | and Training Act program at the special
rate so established and | 8 | | such contributions shall become a credit to the
County and be | 9 | | used to reduce the amount which the County would otherwise
| 10 | | contribute during succeeding years for all employees.
| 11 | | (Source: P.A. 95-369, eff. 8-23-07.)
| 12 | | Section 99. Effective date. This Act takes effect upon | 13 | | becoming law.
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