State of Illinois
90th General Assembly
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90_HB2599

      40 ILCS 5/5-136.2 new
      30 ILCS 805/8.22 new
          Amends the Chicago Police Article of the Illinois Pension
      Code.  Provides a compounded 3% annual increase in  surviving
      spouse  annuities.  Amends  the State Mandates Act to require
      implementation without reimbursement.  Effective immediately.
                                                     LRB9009037EGfg
                                               LRB9009037EGfg
 1        AN ACT to amend  the  Illinois  Pension  Code  by  adding
 2    Section 5-136.2 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
 6    adding Section 5-136.2 as follows:
 7        (40 ILCS 5/5-136.2 new)
 8        Sec. 5-136.2. Annual increase in widow's annuity.
 9        (a)  Except  as  provided in subsection (c), each widow's
10    annuity payable under this Article shall be increased  by  3%
11    of  the  original fixed amount of the annuity on the later of
12    (1) January 1, 1999, or (2) the January  1  occurring  on  or
13    next  following  the first anniversary of the granting of the
14    annuity.  On each January 1 following  the  initial  increase
15    under  this  subsection,  each  widow's annuity payable under
16    this Article shall be increased by an amount equal to  3%  of
17    the  current  amount  of  the annuity, including any previous
18    increases under this Section.
19        (b)  The limitations on the  maximum  amount  of  widow's
20    annuity  imposed  under  Section  5-148 and the provisions of
21    this Article on fixation of the amount of widow's annuity  do
22    not  apply  to  the  annual  increases  provided  under  this
23    Section.   The  increases  provided  under this Section apply
24    without regard to whether or not the deceased employee was in
25    service on or after the effective date of this amendatory Act
26    of 1998.
27        (c)  The increases provided in this Section do apply to a
28    compensation or supplemental annuity under Section 5-144.
29        The increases provided in this Section do not apply to  a
30    reversionary or term annuity.
                            -2-                LRB9009037EGfg
 1        Section  90.  The State Mandates Act is amended by adding
 2    Section 8.22 as follows:
 3        (30 ILCS 805/8.22 new)
 4        Sec. 8.22. Exempt mandate.   Notwithstanding  Sections  6
 5    and  8 of this Act, no reimbursement by the State is required
 6    for  the  implementation  of  any  mandate  created  by  this
 7    amendatory Act of 1998.
 8        Section 99. Effective date.  This Act takes  effect  upon
 9    becoming law.

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