State of Illinois
92nd General Assembly
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92_HB1964

 
                                               LRB9206538LDcs

 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 18-133 as follows:

 6        (40 ILCS 5/18-133) (from Ch. 108 1/2, par. 18-133)
 7        Sec. 18-133.  Financing; employee contributions.
 8        (a)  Effective July 1, 1967, each participant is required
 9    to  contribute  7 1/2%  of  each payment of salary toward the
10    retirement annuity.  Such contributions shall continue during
11    the entire time the  participant  is  in  service,  with  the
12    following exceptions:
13             (1)  Contributions  for  the  retirement annuity are
14        not required on salary received after 18 years of service
15        by persons who were participants before January 2, 1954.
16             (2)  A participant who continues to serve as a judge
17        after becoming eligible to receive the  maximum  rate  of
18        annuity may elect, through a written direction filed with
19        the  Board,  to  discontinue  contributing to the System.
20        Any such option elected by a judge shall  be  irrevocable
21        unless   prior   to  January  1,  2003  2000,  and  while
22        continuing to serve as judge, the judge  (A)  files  with
23        the   Board   a   letter   cancelling  the  direction  to
24        discontinue contributing to  the  System  and  requesting
25        that  such  contributing  resume,  and  (B) pays into the
26        System an amount equal to the total of  the  discontinued
27        contributions  plus  interest  thereon  at  5% per annum.
28        Service  credits  earned  in  any  other   "participating
29        system"  as  defined  in Article 20 of this Code shall be
30        considered  for  purposes  of   determining   a   judge's
31        eligibility   to  discontinue  contributions  under  this
 
                            -2-                LRB9206538LDcs
 1        subdivision (a)(2).
 2             (3)  A participant who (i) has attained age 60, (ii)
 3        continues to serve as a judge after becoming eligible  to
 4        receive  the  maximum rate of annuity, and (ii) (iii) has
 5        not elected to discontinue  contributing  to  the  System
 6        under  subdivision (a)(2) of this Section (or has revoked
 7        any such election) may elect, through a written direction
 8        filed with the Board, to make contributions to the System
 9        based only on the  amount  of  the  increases  in  salary
10        received  by  the  judge  on  or  after  the  date of the
11        election, rather than the total salary  received.   If  a
12        judge  who  is  making contributions to the System on the
13        effective date of this amendatory Act of the 91st General
14        Assembly makes an election to limit  contributions  under
15        this   subdivision  (a)(3)  within  90  days  after  that
16        effective date, the election shall be  deemed  to  become
17        effective  on  that effective date and the judge shall be
18        entitled to receive a refund of any excess  contributions
19        paid  to  the System during that 90-day period; any other
20        election under this subdivision (a)(3) becomes  effective
21        on  the  first  of  the  month  following the date of the
22        election.  An election to limit contributions under  this
23        subdivision   (a)(3)  is  irrevocable.   Service  credits
24        earned in any other participating system  as  defined  in
25        Article  20 of this Code shall be considered for purposes
26        of determining a judge's eligibility to make an  election
27        under this subdivision (a)(3).
28        (b)  Beginning July 1, 1969, each participant is required
29    to  contribute  1%  of  each  payment  of  salary towards the
30    automatic increase in annuity provided in  Section  18-125.1.
31    However,   such   contributions  need  not  be  made  by  any
32    participant who has elected prior to September 15, 1969,  not
33    to   be   subject   to  the  automatic  increase  in  annuity
34    provisions.
 
                            -3-                LRB9206538LDcs
 1        (c)  Effective July 13, 1953,  each  married  participant
 2    subject  to  the survivor's annuity provisions is required to
 3    contribute 2 1/2% of each payment of salary, whether  or  not
 4    he  or  she is required to make any other contributions under
 5    this Section.  Such contributions shall be made  concurrently
 6    with the contributions made for annuity purposes.
 7    (Source: P.A. 91-653, eff. 12-10-99.)

 8        Section  99.  Effective date.  This Act takes effect upon
 9    becoming law.

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