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90_HB0921
40 ILCS 5/4-117.2 new
30 ILCS 805/8.21 new
Amends the Downstate Firefighter Article of the Pension
Code to establish a Health Insurance Reserve in each pension
fund. Directs each pension fund to pay from the Reserve at
least annually the cost of health insurance for pensioners
and their dependents. Amends the State Mandates Act to
require implementation without reimbursement. Effective
immediately.
LRB9000407EGsb
LRB9000407EGsb
1 AN ACT to amend the Illinois Pension Code by adding
2 Section 4-117.2 and to amend the State Mandates Act.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by adding
6 Section 4-117.2 as follows:
7 (40 ILCS 5/4-117.2 new)
8 Sec. 4-117.2. Health Insurance Reserve and Payment.
9 (a) The board shall establish a Health Insurance Reserve
10 Account. The board shall annually transfer into the Reserve
11 an amount equal to the amount by which its total investment
12 earnings for the previous year exceeded 4%.
13 (b) To the extent that these costs are not paid by the
14 municipality, beginning January 1, 1998, the pension fund
15 shall make payments at least annually from the Health
16 Insurance Reserve to each person receiving a retirement,
17 disability, duty disability, or survivor's pension to
18 reimburse the cost of group hospital and medical coverage for
19 the pensioner and his or her dependents.
20 (c) The health insurance benefit provided under this
21 Section is not a pension or retirement benefit for the
22 purposes of Section 5 of Article XIII of the Illinois
23 Constitution.
24 Section 90. The State Mandates Act is amended by adding
25 Section 8.21 as follows:
26 (30 ILCS 805/8.21 new)
27 Sec. 8.21. Exempt mandate. Notwithstanding Sections 6
28 and 8 of this Act, no reimbursement by the State is required
29 for the implementation of any mandate created by this
-2- LRB9000407EGsb
1 amendatory Act of 1997.
2 Section 99. Effective date. This Act takes effect upon
3 becoming law.