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92_HB5633
LRB9211330EGfg
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 4-106.1 as follows:
6 (40 ILCS 5/4-106.1) (from Ch. 108 1/2, par. 4-106.1)
7 Sec. 4-106.1. Discontinuation of fire protection
8 district; annexation to fire protection district.
9 (a) Whenever a fire protection district which has
10 established a pension fund under this Article is discontinued
11 under "An Act in Relation to Fire Protection Districts", and
12 the municipality assuming the obligations of the district is
13 required to and has established a Firefighters' Pension Fund
14 under this Article, the assets of the fund established by the
15 district shall be transferred to the "Board of Trustees of
16 the Firefighters Pension Fund" of the municipality. The
17 Firefighter's Pension Fund of the municipality shall assume
18 all accrued liabilities of the district's pension fund, and
19 all accrued rights, benefits and future expectancies of the
20 members, retired employees and beneficiaries of the
21 district's fund shall remain unimpaired.
22 (b) If a municipal fire department for which a pension
23 fund has been established under this Article is discontinued
24 and the affected territory is annexed by a fire protection
25 district, and the fire protection district is required to and
26 has established a firefighters' pension fund under this
27 Article, then the assets of the firefighters' pension fund
28 established by the municipality shall be transferred to the
29 board of trustees of the pension fund of the fire protection
30 district. The firefighters' pension fund of the fire
31 protection district shall assume all liabilities of the
-2- LRB9211330EGfg
1 municipality's firefighters' pension fund, and all of the
2 accrued rights, benefits, and future expectancies of the
3 members, retired employees, and beneficiaries of the
4 municipality's firefighters' pension fund shall remain
5 unimpaired.
6 (Source: P.A. 83-1440.)
7 Section 90. The State Mandates Act is amended by adding
8 Section 8.26 as follows:
9 (30 ILCS 805/8.26 new)
10 Sec. 8.26. Exempt mandate. Notwithstanding Sections 6
11 and 8 of this Act, no reimbursement by the State is required
12 for the implementation of any mandate created by this
13 amendatory Act of the 92nd General Assembly.
14 Section 99. Effective date. This Act takes effect upon
15 becoming law.