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92_HB3912 LRB9213937EGfg 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 7-141 as follows: 6 (40 ILCS 5/7-141) (from Ch. 108 1/2, par. 7-141) 7 Sec. 7-141. Retirement annuities - Conditions. 8Retirement annuities shall be payable as hereinafter set9forth:10 (a) A participating employee who, regardless of cause, 11 is separated from the service of all participating 12 municipalities and instrumentalities thereof and 13 participating instrumentalities shall be entitled to a 14 retirement annuity provided: 15 1. He is at least age 55, or in the case of a 16 person who is eligible to have his annuity calculated 17 under Section 7-142.1, he is at least age 50; 18 2. He is (i) an employee who was employed by any 19 participating municipality or participating 20 instrumentality which had not elected to exclude persons 21 employed in positions normally requiring performance of 22 duty for less than 1000 hours per year or was employed in 23 a position normally requiring performance of duty for 600 24 hours or more per year prior to such election by any 25 participating municipality or participating 26 instrumentality included in and subject to this Article 27 on or before the effective date of this amendatory Act of 28 1981 which made such election and is not entitled to 29 receive earnings for employment in a position normally 30 requiring performance of duty for 600 hours or more per 31 year for any participating municipality and -2- LRB9213937EGfg 1 instrumentalities thereof and participating 2 instrumentality; or (ii) an employee who was employed 3 only by a participating municipality or participating 4 instrumentality, or participating municipalities or 5 participating instrumentalities, which have elected to 6 exclude persons in positions normally requiring 7 performance of duty for less than 1000 hours per year 8 after the effective date of such exclusion or which are 9 included under and subject to the Article after the 10 effective date of this amendatory Act of 1981 and elects 11 to exclude persons in such positions, and is not entitled 12 to receive earnings for employment in a position normally 13 requiring performance of duty for 1000 hours or more per 14 year by such a participating municipality or 15 participating instrumentality; 16 3. The amount of his annuity, before the 17 application of paragraph (b) of Section 7-142 is at least 18 $10 per month; 19 4. If he first became a participating employee 20 after December 31, 1961, he has at least 8 years of 21 service. This service requirement shall not apply to any 22 participating employee, regardless of participation date, 23 if the General Assembly terminates the Fund. 24 (b) Retirement annuities shall be payable: 25 1. As provided in Section 7-119; 26 2. Except as provided in item 3, upon receipt by 27 the fund of a written application. The effective date 28 may be not more than one year prior to the date of the 29 receipt by the fund of the application; 30 3. Upon attainment of age 70 1/2 if the member (i) 31 is no longer in service, and (ii) is otherwise entitled 32 to an annuity under this Article; 33 4. To the beneficiary of the deceased annuitant for 34 the unpaid amount accrued to date of death, if any. -3- LRB9213937EGfg 1 (Source: P.A. 91-887, eff. 7-6-00.)