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92_SB1846 LRB9214746LDtm 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 4-109.1 as follows: 6 (40 ILCS 5/4-109.1) (from Ch. 108 1/2, par. 4-109.1) 7 Sec. 4-109.1. Increase in pension. 8 (a) Except as provided in subsection (e), the monthly 9 pension of a firefighter who retires after July 1, 1971 and 10 prior to January 1, 1986, shall, upon either the first of the 11 month following the first anniversary of the date of 12 retirement if 60 years of age or over at retirement date, or 13 upon the first day of the month following attainment of age 14 60 if it occurs after the first anniversary of retirement, be 15 increased by 2% of the originally granted monthly pension and 16 by an additional 2% in each January thereafter. Effective 17 January 1976, the rate of the annual increase shall be 3% of 18 the originally granted monthly pension. 19 (b) The monthly pension of a firefighter who retired 20 from service with 20 or more years of service, on or before 21 July 1, 1971, shall be increased, in January of the year 22 following the year of attaining age 65 or in January 1972, if 23 then over age 65, by 2% of the originally granted monthly 24 pension, for each year the firefighter received pension 25 payments. In each January thereafter, he or she shall 26 receive an additional increase of 2% of the original monthly 27 pension. Effective January 1976, the rate of the annual 28 increase shall be 3%. 29 (c) The monthly pension of a firefighter who is 30 receiving a disability pension under this Article shall be 31 increased, in January of the year following the year the -2- LRB9214746LDtm 1 firefighter attains age 60, or in January 1974, if then over 2 age 60, by 2% of the originally granted monthly pension for 3 each year he or she received pension payments. In each 4 January thereafter, the firefighter shall receive an 5 additional increase of 2% of the original monthly pension. 6 Effective January 1976, the rate of the annual increase shall 7 be 3%. 8 (c-1) On January 1, 1998, every child's disability 9 benefit payable on that date under Section 4-110 or 4-110.1 10 shall be increased by an amount equal to 1/12 of 3% of the 11 amount of the benefit, multiplied by the number of months for 12 which the benefit has been payable. On each January 1 13 thereafter, every child's disability benefit payable under 14 Section 4-110 or 4-110.1 shall be increased by 3% of the 15 amount of the benefit then being paid, including any previous 16 increases received under this Article. These increases are 17 not subject to any limitation on the maximum benefit amount 18 included in Section 4-110 or 4-110.1. 19 (c-2) On January 1, 2003 and on each January 1 20 thereafter, every survivor's pension payable under subsection 21 (a) of Section 4-114 shall be increased by 3% of the amount 22 then being paid, including any previous increases received 23 under this Article. 24 (d) The monthly pension of a firefighter who retires 25 after January 1, 1986, shall, upon either the first of the 26 month following the first anniversary of the date of 27 retirement if 55 years of age or over, or upon the first day 28 of the month following attainment of age 55 if it occurs 29 after the first anniversary of retirement, be increased by 30 1/12 of 3% of the originally granted monthly pension for each 31 full month that has elapsed since the pension began, and by 32 an additional 3% in each January thereafter. 33 The changes made to this subsection (d) by this 34 amendatory Act of the 91st General Assembly apply to all -3- LRB9214746LDtm 1 initial increases that become payable under this subsection 2 on or after January 1, 1999. All initial increases that 3 became payable under this subsection on or after January 1, 4 1999 and before the effective date of this amendatory Act 5 shall be recalculated and the additional amount accruing for 6 that period, if any, shall be payable to the pensioner in a 7 lump sum. 8 (e) Notwithstanding the provisions of subsection (a), 9 upon the first day of the month following (1) the first 10 anniversary of the date of retirement, or (2) the attainment 11 of age 55, or (3) July 1, 1987, whichever occurs latest, the 12 monthly pension of a firefighter who retired on or after 13 January 1, 1977 and on or before January 1, 1986 and did not 14 receive an increase under subsection (a) before July 1, 1987, 15 shall be increased by 3% of the originally granted monthly 16 pension for each full year that has elapsed since the pension 17 began, and by an additional 3% in each January thereafter. 18 The increases provided under this subsection are in lieu of 19 the increases provided in subsection (a). 20 (Source: P.A. 90-32, eff. 6-27-97; 91-466, eff. 8-6-99.) 21 Section 90. The State Mandates Act is amended by adding 22 Section 8.26 as follows: 23 (30 ILCS 805/8.26 new) 24 Sec. 8.26. Exempt mandate. Notwithstanding Sections 6 25 and 8 of this Act, no reimbursement by the State is required 26 for the implementation of any mandate created by this 27 amendatory Act of the 92nd General Assembly. 28 Section 99. Effective date. This Act takes effect upon 29 becoming law.