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90_HB3798 40 ILCS 5/3-111 from Ch. 108 1/2, par. 3-111 30 ILCS 805/8.22 new Amends the Downstate Police Article of the Pension Code. Lowers the minimum retirement age from 60 to 55 for certain persons who retire with more than 8 but fewer than 20 years of service. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. LRB9008758EGfg LRB9008758EGfg 1 AN ACT to amend the Illinois Pension Code by changing 2 Section 3-111 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 changing Section 3-111 as follows: 7 (40 ILCS 5/3-111) (from Ch. 108 1/2, par. 3-111) 8 Sec. 3-111. Pension. 9 (a) A police officer age 50 or more with 20 or more 10 years of creditable service, who is no longer in service as a 11 police officer, shall receive a pension of 1/2 of the salary 12 attached to the rank held by the officer on the police force 13 for one year immediately prior to retirement or, beginning 14 July 1, 1987 for persons terminating service on or after that 15 date, the salary attached to the rank held on the last day of 16 service or for one year prior to the last day, whichever is 17 greater. The pension shall be increased by 2% of such salary 18 for each additional year of service over 20 years, up to 30 19 years, and 1% of such salary for each additional year of 20 service over 30 years, to a maximum of 75% of such salary. 21 No pension in effect on or granted after June 30, l973 shall 22 be less than $200 per month. Beginning July 1, 1987, the 23 minimum retirement pension for a police officer having at 24 least 20 years of creditable service shall be $400 per month, 25 without regard to whether or not retirement occurred prior to 26 that date. 27 (b) A police officer mandatorily retired from service 28 due to age by operation of law, having at least 8 but less 29 than 20 years of creditable service, shall receive a pension 30 equal to 2 1/2% of the salary attached to the rank he or she 31 held on the police force for one year immediately prior to -2- LRB9008758EGfg 1 retirement or, beginning July 1, 1987 for persons terminating 2 service on or after that date, the salary attached to the 3 rank held on the last day of service or for one year prior to 4 the last day, whichever is greater, for each year of 5 creditable service. 6 A police officer who retires or is separated from service 7 having at least 8 years but less than 20 years of creditable 8 service, who is not mandatorily retired due to age by 9 operation of law, and who does not apply for a refund of 10 contributions at his or her last separation from police 11 service, shall receive a pension upon attaining age 556012 equal to 2.5% of the salary attached to the rank held by the 13 police officer on the police force for one year immediately 14 prior to retirement or, beginning July 1, 1987 for persons 15 terminating service on or after that date, the salary 16 attached to the rank held on the last day of service or for 17 one year prior to the last day, whichever is greater, for 18 each year of creditable service. 19 The change to this subsection made by this amendatory Act 20 of 1998 (changing the minimum retirement age from 60 to 55) 21 applies to persons who begin receiving a retirement pension 22 on or after the effective date of this amendatory Act of 23 1998, without regard to whether or not they were in service 24 on or after that date. 25 (c) A police officer no longer in service who has at 26 least one but less than 8 years of creditable service in a 27 police pension fund but meets the requirements of this 28 subsection (c) shall be eligible to receive a pension from 29 that fund equal to 2.5% of the salary attached to the rank 30 held on the last day of service under that fund or for one 31 year prior to that last day, whichever is greater, for each 32 year of creditable service in that fund. The pension shall 33 begin no earlier than upon attainment of age 60 (or upon 34 mandatory retirement from the fund by operation of law due to -3- LRB9008758EGfg 1 age, if that occurs before age 60) and in no event before the 2 effective date of this amendatory Act of 1997. 3 In order to be eligible for a pension under this 4 subsection (c), the police officer must have at least 8 years 5 of creditable service in a second police pension fund under 6 this Article and be receiving a pension under subsection (a) 7 or (b) of this Section from that second fund. The police 8 officer need not be in service on or after the effective date 9 of this amendatory Act of 1997. 10 (Source: P.A. 90-460, eff. 8-17-97.) 11 Section 90. The State Mandates Act is amended by adding 12 Section 8.22 as follows: 13 (30 ILCS 805/8.22 new) 14 Sec. 8.22. Exempt mandate. Notwithstanding Sections 6 15 and 8 of this Act, no reimbursement by the State is required 16 for the implementation of any mandate created by this 17 amendatory Act of 1998. 18 Section 99. Effective date. This Act takes effect upon 19 becoming law.