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92_HB0967
LRB9204454LDtm
1 AN ACT in relation to public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by
5 changing Section 7-142.1 as follows:
6 (40 ILCS 5/7-142.1) (from Ch. 108 1/2, par. 7-142.1)
7 Sec. 7-142.1. Sheriff's law enforcement employees.
8 (a) In lieu of the retirement annuity provided by
9 subparagraph 1 of paragraph (a) of Section 7-142: Any
10 sheriff's law enforcement employee who has 20 or more years
11 of service in that capacity and who terminates service prior
12 to January 1, 1988 shall be entitled at his option to receive
13 a monthly retirement annuity for his service as a sheriff's
14 law enforcement employee computed by multiplying 2% for each
15 year of such service up to 10 years, 2 1/4% for each year of
16 such service above 10 years and up to 20 years, and 2 1/2%
17 for each year of such service above 20 years, by his annual
18 final rate of earnings and dividing by 12. Any sheriff's law
19 enforcement employee who has 20 or more years of service in
20 that capacity and who terminates service on or after January
21 1, 1988 shall be entitled at his option to receive a monthly
22 retirement annuity for his service as a sheriff's law
23 enforcement employee computed by multiplying 2.5% for each
24 year of such service up to 20 years, 2% for each year of such
25 service above 20 years and up to 30 years, and 1% for each
26 year of such service above 30 years, by his annual final rate
27 of earnings and dividing by 12.
28 If a sheriff's law enforcement employee has service in
29 any other capacity, his retirement annuity for service as a
30 sheriff's law enforcement employee may be computed under this
31 Section and the retirement annuity for his other service
-2- LRB9204454LDtm
1 under Section 7-142.
2 In no case shall the total monthly retirement annuity
3 exceed 75% of the monthly final rate of earnings.
4 (b) Whenever continued group insurance coverage is
5 elected in accordance with the provisions of Section 367h of
6 the Illinois Insurance Code, as now or hereafter amended, the
7 total monthly premium for such continued group insurance
8 coverage or such portion thereof as is not paid by the
9 municipality shall, upon request of the person electing such
10 continued group insurance coverage, be deducted from any
11 monthly pension benefit otherwise payable to such person
12 pursuant to this Section, to be remitted by the Fund to the
13 insurance company or other entity providing the group
14 insurance coverage.
15 (c) A sheriff's law enforcement employee who has service
16 in any other capacity may convert up to 10 years of that
17 service into service as a sheriff's law enforcement employee
18 by paying to the Fund an amount equal to the additional
19 contribution required under Section 7-173.1, plus interest at
20 the prescribed rate from the date of the service to the date
21 of payment.
22 (Source: P.A. 85-941.)
23 Section 90. The State Mandates Act is amended by adding
24 Section 8.25 as follows:
25 (30 ILCS 805/8.25 new)
26 Sec. 8.25. Exempt mandate. Notwithstanding Sections 6
27 and 8 of this Act, no reimbursement by the State is required
28 for the implementation of any mandate created by this
29 amendatory Act of the 92nd General Assembly.
30 Section 99. Effective date. This Act takes effect upon
31 becoming law.