House Sponsors: MADIGAN,MJ-MURPHY AND BOLAND. Senate Sponsors: MAITLAND Short description: PEN CD-CROSS REFERENCE Synopsis of Bill as introduced: Amends the Illinois Pension Code. Corrects an error in a cross reference. Effective immediately. PENSION NOTE No fiscal impact. STATE MANDATES FISCAL NOTE HB 3814 fails to create a state mandate. SENATE AMENDMENT NO. 2. Deletes reference to: 40 ILCS 5/2-120 from Ch. 108 1/2, par. 2-120 Adds reference to: 40 ILCS 5/1-115 from Ch. 108 1/2, par. 1-115 40 ILCS 5/15-111 from Ch. 108 1/2, par. 15-111 40 ILCS 5/15-136 from Ch. 108 1/2, par. 15-136 40 ILCS 5/15-136.4 40 ILCS 5/15-139 from Ch. 108 1/2, par. 15-139 40 ILCS 5/15-158.2 40 ILCS 5/15-186.1 from Ch. 108 1/2, par. 15-186.1 40 ILCS 5/20-121 from Ch. 108 1/2, par. 20-121 40 ILCS 5/20-123 from Ch. 108 1/2, par. 20-123 40 ILCS 5/20-124 from Ch. 108 1/2, par. 20-124 40 ILCS 5/20-125 from Ch. 108 1/2, par. 20-125 40 ILCS 5/20-131 from Ch. 108 1/2, par. 20-131 Replaces everything. Amends the General Provisions Article of the Pension Code. Provides that if a court determines that an action brought against a pension fund or retirement system is frivolous or was brought in bad faith, the court may award attorneys' fees and costs. Amends the State Universities Article of the Pension Code. Specifies the conditions under which certain transition pay is included as earnings for pension purposes. Applies only to transition pay paid by the University of Illinois to a person who was a participating employee employed in the fire department of the University of Illinois's Champaign-Urbana campus immediately prior to the elimination of that fire department. Specifies that the amount of a retirement annuity calculated under Rule 2 shall not be based on any contribution for early retirement under Section 15-136.2, nor on any other employer contribution. Declares that the Board's interpretation of Rule 2 to that effect is within the scope of its discretion. Amends the Illinois Pension Code in relation to the optional retirement plans offered by the State Universities Retirement System. Changes the way in which the Retirement Systems Reciprocal Act applies to participants in the self-managed plan and the portable benefit package. Makes other changes. Deletes language reducing the retirement annuity of a person who retires before age 60 and returns to employment under Article 14 or 16 of the Code. In relation to the recalculation of a benefit mistakenly set at an incorrect amount, provides that a benefit that was calculated in accordance with the System's administrative interpretation of the Code at the time the benefit was calculated shall not be deemed to have been mistakenly set at an incorrect amount on the sole basis of an adverse ruling in a lawsuit brought to challenge that interpretation, unless the person eligible to receive the benefit was a party to the lawsuit or, in the case of a class action, a member of the certified class, at the time of the adverse ruling. Effective immediately. SENATE AMENDMENT NO. 3. Deletes reference to: 40 ILCS 5/1-115 from Ch. 108 1/2, par. 1-115 40 ILCS 5/15-136 from Ch. 108 1/2, par. 15-136 40 ILCS 5/15-186.1 from Ch. 108 1/2, par. 15-186.1 Deletes the provisions relating to (i) the award of attorneys' fees and costs, (ii) the interpretation of Rule 2, and (iii) benefits paid by mistake. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2 END OF INQUIRY Full Text Bill Status