Full Text of HB3343 103rd General Assembly
HB3343 103RD GENERAL ASSEMBLY |
| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB3343 Introduced 2/17/2023, by Rep. Kelly M. Burke SYNOPSIS AS INTRODUCED: |
| 40 ILCS 5/5-214.2 | | 30 ILCS 805/8.47 new | |
|
Amends the Chicago Police Article of the Illinois Pension Code. In a provision authorizing an active policeman to establish credit for certain prior law enforcement service, provides that the requirement that the policeman applies for the credit within 2 years after beginning employment does not apply to an active policeman who becomes a member of the Fund on or after December 1, 2019, makes an application for the credit in writing prior to December 31, 2023, and pays to the Fund, within 5 years after the date of application, a specified amount. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
|
| |
| | | STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
| |
| | A BILL FOR |
|
| | | HB3343 | | LRB103 28076 RPS 54455 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 | 5 | | changing Section 5-214.2 as follows: | 6 | | (40 ILCS 5/5-214.2) | 7 | | Sec. 5-214.2. Credit for certain law enforcement service. | 8 | | An active policeman who is a member of this Fund on or before | 9 | | the effective date of this Section may establish up to 10 years | 10 | | of additional service credit in 6-month increments for service | 11 | | in a law enforcement capacity under Articles 3, 7, 8, 9, 10, | 12 | | 13, 14, and 15 and Division 1 of Article 22, as a law | 13 | | enforcement officer with the Chicago Housing Authority, or as | 14 | | a law enforcement officer with any agency of the United States | 15 | | government, provided that: (1) service credit is not available | 16 | | for that employment under any other provision of this Article; | 17 | | (2) any service credit for that employment received under any | 18 | | other provision of this Code or under the retirement plan of | 19 | | the Chicago Housing Authority or Federal Employee Retirement | 20 | | System has been terminated; and (3) the policeman applies for | 21 | | this credit in writing within one year after the effective | 22 | | date of this Section and pays to the Fund within 5 years after | 23 | | the date of application an amount to be determined by the Fund |
| | | HB3343 | - 2 - | LRB103 28076 RPS 54455 b |
|
| 1 | | in accordance with this Section. | 2 | | An active policeman who becomes a member of this Fund | 3 | | after the effective date of this Section may establish up to 10 | 4 | | years of additional service credit in 6-month increments for | 5 | | service in a law enforcement capacity under Articles 3, 7, 8, | 6 | | 9, 10, 13, 14, and 15 and Division 1 of Article 22, as a law | 7 | | enforcement officer with the Chicago Housing Authority, or as | 8 | | a law enforcement officer with any agency of the United States | 9 | | government, provided that: (1) service credit is not available | 10 | | for that employment under any other provision of this Article; | 11 | | (2) any service credit for that employment received under any | 12 | | other provision of this Code or under the retirement plan of | 13 | | the Chicago Housing Authority or Federal Employee Retirement | 14 | | System has been terminated; and (3) the policeman applies for | 15 | | this credit in writing within 2 years after he or she begins | 16 | | employment under this Article and pays to the Fund within 5 | 17 | | years after the date of application an amount to be determined | 18 | | by the Fund in accordance with this Section ; except that the | 19 | | 2-year requirement to file an application does not apply to an | 20 | | active policeman who becomes a member of this Fund on or after | 21 | | December 1, 2019, makes an application for this credit in | 22 | | writing prior to December 31, 2023, and pays to the Fund, | 23 | | within 5 years after the date of application, an amount to be | 24 | | determined by the Fund in accordance with this Section . | 25 | | The Fund must determine the policeman's payment required | 26 | | to establish creditable service under this Section by taking |
| | | HB3343 | - 3 - | LRB103 28076 RPS 54455 b |
|
| 1 | | into account the appropriate actuarial assumptions, including | 2 | | without limitation the police officer's service, age, and | 3 | | salary history; the level of funding of the Fund; and any other | 4 | | factors that the Fund determines to be relevant. For this | 5 | | purpose, the policeman's required payment should result in no | 6 | | significant increase to the Fund's unfunded actuarial accrued | 7 | | liability determined as of the most recent actuarial | 8 | | valuation, based on the same assumptions and methods used to | 9 | | develop and report the Fund's actuarial accrued liability and | 10 | | actuarial value of assets under Statement No. 25 of | 11 | | Governmental Accounting Standards Board or any subsequent | 12 | | applicable Statement.
| 13 | | (Source: P.A. 95-1036, eff. 2-17-09; 96-285, eff. 8-11-09.)
| 14 | | Section 90. The State Mandates Act is amended by adding | 15 | | Section 8.47 as follows: | 16 | | (30 ILCS 805/8.47 new) | 17 | | Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and | 18 | | 8 of this Act, no reimbursement by the State is required for | 19 | | the implementation of any mandate created by this amendatory | 20 | | Act of the 103rd General Assembly. | 21 | | Section 99. Effective date. This Act takes effect upon | 22 | | becoming law.
|
|