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91_HB3124
LRB9109814EGfg
1 AN ACT to amend the Illinois Pension Code by changing
2 Sections 6-210.1 and 8-172 and adding Sections 6-210.2 and
3 8-172.1 and to amend the State Mandates Act.
4 Be it enacted by the People of the State of Illinois,
5 represented in the General Assembly:
6 Section 5. The Illinois Pension Code is amended by
7 changing Sections 6-210.1 and 8-172 and adding Sections
8 6-210.2 and 8-172.1 as follows:
9 (40 ILCS 5/6-210.1) (from Ch. 108 1/2, par. 6-210.1)
10 Sec. 6-210.1. Credit for former employment with the fire
11 department.
12 (a) Any fireman who (1) accumulated service credit in
13 the Article 8 fund for service as an employee of the Chicago
14 Fire Department and (2) has terminated that Article 8 service
15 credit and received a refund of contributions therefor, may
16 establish service credit in this Fund for all or any part of
17 that period of service under the Article 8 fund by making
18 written application to the Board by January 1, 2000 and
19 paying to this Fund (i) employee contributions based upon the
20 actual salary received and the rates in effect for members of
21 this Fund at the time of such service, plus (ii) interest
22 thereon calculated as follows:
23 (1) For applications received by the Board before
24 July 14, the effective date of this amendatory Act of
25 1995, interest shall be calculated on the amount of
26 employee contributions determined under item (i) above,
27 at the rate of 4% per annum, compounded annually, from
28 the date of termination of such service to the date of
29 payment.
30 (2) For applications received by the Board on or
31 after July 14, the effective date of this amendatory Act
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1 of 1995, interest shall be calculated on the amount of
2 employee contributions determined under item (i) above,
3 at the rate of 4% per annum, compounded annually, from
4 the first date of the period for which credit is being
5 established under this subsection (a) to the date of
6 payment.
7 (b) A fireman who, at any time during the period 1970
8 through 1983, was an employee of the Chicago Fire Department
9 but did not participate in any pension fund subject to this
10 Code with respect to that employment may establish service
11 credit in this Fund for all or any part of that employment by
12 making written application to the Board by January 1, 2000
13 and paying to this Fund (i) employee contributions based upon
14 the actual salary received and the rates in effect for
15 members of this Fund at the time of that employment, plus
16 (ii) interest thereon calculated at the rate of 4% per annum,
17 compounded annually, from the first date of the employment
18 for which credit is being established under this subsection
19 (b) to the date of payment.
20 (c) A fireman may pay the contributions required for
21 service credit under this Section established on or after
22 July 14, the effective date of this amendatory Act of 1995 in
23 the form of payroll deductions, in accordance with such
24 procedures and limitations as may be established by Board
25 rule and any applicable rules or ordinances of the employer.
26 (d) Employer contributions shall be transferred as
27 provided in Sections 6-210.2 and 8-172.1. The employer shall
28 not be responsible for making any additional employer
29 contributions for any credit established under this Section.
30 (Source: P.A. 89-136, eff. 7-14-95.)
31 (40 ILCS 5/6-210.2 new)
32 Sec. 6-210.2. City contributions for paramedics.
33 Municipality credits computed and credited under Article 8
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1 for all firemen who (1) accumulated service credit in the
2 Article 8 fund for service as a paramedic, (2) have
3 terminated that Article 8 service credit and received a
4 refund of contributions, and (3) are participants in this
5 Article 6 fund on the effective date of this amendatory Act
6 of the 91st General Assembly shall be transferred by the
7 Article 8 fund to this Fund, together with interest at the
8 rate of 11% per annum, compounded annually, to the date of
9 the transfer, as provided in Section 8-172.1 of this Code.
10 These city contributions shall be credited to the individual
11 fireman only if he or she pays for prior service as a
12 paramedic in full to this Fund.
13 (40 ILCS 5/8-172) (from Ch. 108 1/2, par. 8-172)
14 Sec. 8-172. Refunds - Transfer of city contributions.
15 Whenever any amount is refunded as provided in Sections 8-168
16 and 8-169, except in the case of a male employee who becomes
17 a widower while in service after he becomes age 65, the
18 amounts to the credit of the male employee from contributions
19 by the city, shall be transferred to the prior service
20 annuity reserve. Thereafter, except as otherwise provided in
21 Section 8-172.1, any such amounts shall become a credit to
22 the city and, with interest thereon at the effective rate, be
23 used to reduce the amount which the city would otherwise pay
24 during a succeeding year.
25 (Source: Laws 1963, p. 161.)
26 (40 ILCS 5/8-172.1 new)
27 Sec. 8-172.1. Transfer of city contributions for
28 paramedics.
29 (a) Municipality credits computed and credited under
30 this Article 8 for all persons who (1) accumulated service
31 credit in this Article 8 fund for service as a paramedic, (2)
32 have terminated that Article 8 service credit and received a
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1 refund of contributions, and (3) are participants in the
2 Article 6 fund on the effective date of this amendatory Act
3 of the 91st General Assembly shall be transferred by this
4 Article 8 fund to the Article 6 fund together with interest
5 at the rate of 11% per annum, compounded annually, to the
6 date of transfer. The city shall not be responsible for
7 making any additional employer contributions to the Fund to
8 replace the amounts transferred under this Section.
9 (b) Municipality credits computed and credited under
10 this Article 8 for all persons who (1) accumulated service
11 credit in this Article 8 fund for service as a paramedic, (2)
12 have terminated that Article 8 service credit and received a
13 refund of contributions, and (3) are not participants in the
14 Article 6 fund on the effective date of this amendatory Act
15 of the 91st General Assembly shall be used as provided in
16 Section 8-172.
17 Section 90. The State Mandates Act is amended by adding
18 Section 8.24 as follows:
19 (30 ILCS 805/8.24 new)
20 Sec. 8.24. Exempt mandate. Notwithstanding Sections 6
21 and 8 of this Act, no reimbursement by the State is required
22 for the implementation of any mandate created by this
23 amendatory Act of the 91st General Assembly.
24 Section 99. Effective date. This Act takes effect upon
25 becoming law.