Public Act 099-0506
 
SB0777 EnrolledLRB099 07693 EFG 27826 b

    AN ACT concerning public employee benefits.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Pension Code is amended by changing
Sections 5-167.2, 5-168, 6-128.2, and 6-165 and by adding
Sections 5-168.2 and 6-165.2 as follows:
 
    (40 ILCS 5/5-167.2)   (from Ch. 108 1/2, par. 5-167.2)
    Sec. 5-167.2. Retirement before September 1, 1967. A
retired policeman, qualifying for minimum annuity or who
retired from service with 20 or more years of service, before
September 1, 1967, shall, in January of the year following the
year he attains the age of 65, or in January of the year 1970,
if then more than 65 years of age, have his then fixed and
payable monthly annuity increased by an amount equal to 2% of
the original grant of annuity, for each year the policeman was
in receipt of annuity payments after the year in which he
attains, or did attain the age of 63. An additional 2% increase
in such then fixed and payable original granted annuity shall
accrue in each January thereafter. Beginning January 1, 1986,
the rate of such increase shall be 3% instead of 2%.
    The provisions of the preceding paragraph of this Section
apply only to a retired policeman eligible for such increases
in his annuity who contributes to the Fund a sum equal to $5
for each full year of credited service upon which his annuity
was computed. All such sums contributed shall be placed in a
Supplementary Payment Reserve and shall be used for the
purposes of such Fund account.
    Beginning with the monthly annuity payment due in July,
1982, the fixed and granted monthly annuity payment for any
policeman who retired from the service, before September 1,
1976, at age 50 or over with 20 or more years of service and
entitled to an annuity on January 1, 1974, shall be not less
than $400. It is the intent of the General Assembly that the
change made in this Section by this amendatory Act of 1982
shall apply retroactively to July 1, 1982.
    Beginning with the monthly annuity payment due on January
1, 1986, the fixed and granted monthly annuity payment for any
policeman who retired from the service before January 1, 1986,
at age 50 or over with 20 or more years of service, or any
policeman who retired from service due to termination of
disability and who is entitled to an annuity on January 1,
1986, shall be not less than $475.
    Beginning with the monthly annuity payment due on January
1, 1992, the fixed and granted monthly annuity payment for any
policeman who retired from the service before January 1, 1992,
at age 50 or over with 20 or more years of service, and for any
policeman who retired from service due to termination of
disability and who is entitled to an annuity on January 1,
1992, shall be not less than $650.
    Beginning with the monthly annuity payment due on January
1, 1993, the fixed and granted monthly annuity payment for any
policeman who retired from the service before January 1, 1993,
at age 50 or over with 20 or more years of service, and for any
policeman who retired from service due to termination of
disability and who is entitled to an annuity on January 1,
1993, shall be not less than $750.
    Beginning with the monthly annuity payment due on January
1, 1994, the fixed and granted monthly annuity payment for any
policeman who retired from the service before January 1, 1994,
at age 50 or over with 20 or more years of service, and for any
policeman who retired from service due to termination of
disability and who is entitled to an annuity on January 1,
1994, shall be not less than $850.
    Beginning with the monthly annuity payment due on January
1, 2004, the fixed and granted monthly annuity payment for any
policeman who retired from the service before January 1, 2004,
at age 50 or over with 20 or more years of service, and for any
policeman who retired from service due to termination of
disability and who is entitled to an annuity on January 1,
2004, shall be not less than $950.
    Beginning with the monthly annuity payment due on January
1, 2005, the fixed and granted monthly annuity payment for any
policeman who retired from the service before January 1, 2005,
at age 50 or over with 20 or more years of service, and for any
policeman who retired from service due to termination of
disability and who is entitled to an annuity on January 1,
2005, shall be not less than $1,050.
    Beginning with the monthly annuity payment due on January
1, 2016, the fixed and granted monthly annuity payment for any
policeman who retired from the service before January 1, 2016,
at age 50 or over with 20 or more years of service, and for any
policeman who retired from service due to termination of
disability and who is entitled to an annuity on January 1,
2016, shall be no less than 125% of the Federal Poverty Level.
For purposes of this Section, the "Federal Poverty Level" shall
be determined pursuant to the poverty guidelines updated
periodically in the Federal Register by the United States
Department of Health and Human Services under the authority of
42 U.S.C. 9902(2).
    The difference in amount between the original fixed and
granted monthly annuity of any such policeman on the date of
his retirement from the service and the monthly annuity
provided for in the immediately preceding paragraph shall be
paid as a supplement in the manner set forth in the immediately
following paragraph.
    To defray the annual cost of the increases indicated in the
preceding part of this Section, the annual interest income
accruing from investments held by this Fund, exclusive of gains
or losses on sales or exchanges of assets during the year, over
and above 4% a year shall be used to the extent necessary and
available to finance the cost of such increases for the
following year and such amount shall be transferred as of the
end of each year beginning with the year 1969 to a Fund account
designated as the Supplementary Payment Reserve from the
Interest and Investment Reserve set forth in Section 5-207.
    In the event the funds in the Supplementary Payment Reserve
in any year arising from: (1) the interest income accruing in
the preceding year above 4% a year and (2) the contributions by
retired persons are insufficient to make the total payments to
all persons entitled to the annuity specified in this Section
and (3) any interest earnings over 4% a year beginning with the
year 1969 which were not previously used to finance such
increases and which were transferred to the Prior Service
Annuity Reserve, may be used to the extent necessary and
available to provide sufficient funds to finance such increases
for the current year and such sums shall be transferred from
the Prior Service Annuity Reserve. In the event the total money
available in the Supplementary Payment Reserve from such
sources are insufficient to make the total payments to all
persons entitled to such increases for the year, a
proportionate amount computed as the ratio of the money
available to the total of the total payments specified for that
year shall be paid to each person for that year.
    The Fund shall be obligated for the payment of the
increases in annuity as provided for in this Section only to
the extent that the assets for such purpose are available.
(Source: P.A. 93-654, eff. 1-16-04.)
 
    (40 ILCS 5/5-168)   (from Ch. 108 1/2, par. 5-168)
    Sec. 5-168. Financing.
    (a) Except as expressly provided in this Section, the city
shall levy a tax annually upon all taxable property therein for
the purpose of providing revenue for the fund.
    The tax shall be at a rate that will produce a sum which,
when added to the amounts deducted from the policemen's
salaries and the amounts deposited in accordance with
subsection (g), is sufficient for the purposes of the fund.
    For the years 1968 and 1969, the city council shall levy a
tax annually at a rate on the dollar of the assessed valuation
of all taxable property that will produce, when extended, not
to exceed $9,700,000. Beginning with the year 1970 and through
2014, the city council shall levy a tax annually at a rate on
the dollar of the assessed valuation of all taxable property
that will produce when extended an amount not to exceed the
total amount of contributions by the policemen to the Fund made
in the calendar year 2 years before the year for which the
applicable annual tax is levied, multiplied by 1.40 for the tax
levy year 1970; by 1.50 for the year 1971; by 1.65 for 1972; by
1.85 for 1973; by 1.90 for 1974; by 1.97 for 1975 through 1981;
by 2.00 for 1982 and for each tax levy year through 2014.
Beginning in tax levy year 2015, the city council shall levy a
tax annually at a rate on the dollar of the assessed valuation
of all taxable property that will produce when extended an
annual amount that is equal to no less than the amount of the
city's contribution in each of the following payment years: for
2016, $420,000,000; for 2017, $464,000,000; for 2018,
$500,000,000; for 2019, $557,000,000; for 2020, $579,000,000.
    Beginning in tax levy year 2020, the city council shall
levy a tax annually at a rate on the dollar of the assessed
valuation of all taxable property that will produce when
extended an annual amount that is equal to no less than (1) the
normal cost to the Fund, plus (2) an annual amount sufficient
to bring the total assets of the Fund up to 90% of the total
actuarial liabilities of the Fund by the end of fiscal year
2055 2040, as annually updated and determined by an enrolled
actuary employed by the Illinois Department of Insurance or by
an enrolled actuary retained by the Fund or the city. In making
these determinations, the required minimum employer
contribution shall be calculated each year as a level
percentage of payroll over the years remaining up to and
including fiscal year 2055 2040 and shall be determined under
the entry age normal actuarial cost method. Beginning in
payment year 2056, the city's total required contribution in
that year and each year thereafter shall be an annual amount
that is equal to no less than (1) the normal cost of the Fund,
plus (2) the annual amount determined by an enrolled actuary
employed by the Illinois Department of Insurance or by an
enrolled actuary retained by the Fund to be equal to the
amount, if any, needed to bring the total actuarial assets of
the Fund up to 90% of the total actuarial liabilities of the
Fund as of the end of the year, utilizing the entry age normal
cost method as provided above projected unit credit actuarial
cost method.
    For the purposes of this subsection (a), contributions by
the policeman to the Fund shall not include payments made by a
policeman to establish credit under Section 5-214.2 of this
Code.
    (a-5) For purposes of determining the required employer
contribution to the Fund, the value of the Fund's assets shall
be equal to the actuarial value of the Fund's assets, which
shall be calculated as follows:
        (1) On March 30, 2011, the actuarial value of the
    Fund's assets shall be equal to the market value of the
    assets as of that date.
        (2) In determining the actuarial value of the Fund's
    assets for fiscal years after March 30, 2011, any actuarial
    gains or losses from investment return incurred in a fiscal
    year shall be recognized in equal annual amounts over the
    5-year period following that fiscal year.
    (a-7) If the city fails to transmit to the Fund
contributions required of it under this Article for more than
90 days after the payment of those contributions is due, the
Fund shall may, after giving notice to the city, certify to the
State Comptroller the amounts of the delinquent payments, and
the Comptroller must, beginning in fiscal year 2016, deduct and
deposit into the Fund the certified amounts or a portion of
those amounts from the following proportions of grants of State
funds to the city:
        (1) in fiscal year 2016, one-third of the total amount
    of any grants of State funds to the city;
        (2) in fiscal year 2017, two-thirds of the total amount
    of any grants of State funds to the city; and
        (3) in fiscal year 2018 and each fiscal year
    thereafter, the total amount of any grants of State funds
    to the city.
    The State Comptroller may not deduct from any grants of
State funds to the city more than the amount of delinquent
payments certified to the State Comptroller by the Fund.
    (b) The tax shall be levied and collected in like manner
with the general taxes of the city, and is in addition to all
other taxes which the city is now or may hereafter be
authorized to levy upon all taxable property therein, and is
exclusive of and in addition to the amount of tax the city is
now or may hereafter be authorized to levy for general purposes
under any law which may limit the amount of tax which the city
may levy for general purposes. The county clerk of the county
in which the city is located, in reducing tax levies under
Section 8-3-1 of the Illinois Municipal Code, shall not
consider the tax herein authorized as a part of the general tax
levy for city purposes, and shall not include the tax in any
limitation of the percent of the assessed valuation upon which
taxes are required to be extended for the city.
    (c) On or before January 10 of each year, the board shall
notify the city council of the requirement that the tax herein
authorized be levied by the city council for that current year.
The board shall compute the amounts necessary for the purposes
of this fund to be credited to the reserves established and
maintained within the fund; shall make an annual determination
of the amount of the required city contributions; and shall
certify the results thereof to the city council.
    As soon as any revenue derived from the tax is collected it
shall be paid to the city treasurer of the city and shall be
held by him for the benefit of the fund in accordance with this
Article.
    (d) If the funds available are insufficient during any year
to meet the requirements of this Article, the city may issue
tax anticipation warrants against the tax levy for the current
fiscal year.
    (e) The various sums, including interest, to be contributed
by the city, shall be taken from the revenue derived from such
tax or otherwise as expressly provided in this Section. Any
moneys of the city derived from any source other than the tax
herein authorized shall not be used for any purpose of the fund
nor the cost of administration thereof, unless applied to make
the deposit expressly authorized in this Section or the
additional city contributions required under subsection (h).
    (f) If it is not possible or practicable for the city to
make its contributions at the time that salary deductions are
made, the city shall make such contributions as soon as
possible thereafter, with interest thereon to the time it is
made.
    (g) In lieu of levying all or a portion of the tax required
under this Section in any year, the city may deposit with the
city treasurer no later than March 1 of that year for the
benefit of the fund, to be held in accordance with this
Article, an amount that, together with the taxes levied under
this Section for that year, is not less than the amount of the
city contributions for that year as certified by the board to
the city council. The deposit may be derived from any source
legally available for that purpose, including, but not limited
to, the proceeds of city borrowings. The making of a deposit
shall satisfy fully the requirements of this Section for that
year to the extent of the amounts so deposited. Amounts
deposited under this subsection may be used by the fund for any
of the purposes for which the proceeds of the tax levied under
this Section may be used, including the payment of any amount
that is otherwise required by this Article to be paid from the
proceeds of that tax.
    (h) In addition to the contributions required under the
other provisions of this Article, by November 1 of the
following specified years, the city shall deposit with the city
treasurer for the benefit of the fund, to be held and used in
accordance with this Article, the following specified amounts:
$6,300,000 in 1999; $5,880,000 in 2000; $5,460,000 in 2001;
$5,040,000 in 2002; and $4,620,000 in 2003.
    The additional city contributions required under this
subsection are intended to decrease the unfunded liability of
the fund and shall not decrease the amount of the city
contributions required under the other provisions of this
Article. The additional city contributions made under this
subsection may be used by the fund for any of its lawful
purposes.
    (i) Any proceeds received by the city in relation to the
operation of a casino or casinos within the city shall be
expended by the city for payment to the Policemen's Annuity and
Benefit Fund of Chicago to satisfy the city contribution
obligation in any year.
(Source: P.A. 95-1036, eff. 2-17-09; 96-1495, eff. 1-1-11.)
 
    (40 ILCS 5/5-168.2 new)
    Sec. 5-168.2. Funding obligation.
    (a) Beginning January 1, 2016, the city shall be obligated
to contribute to the Fund in each fiscal year an amount not
less than the amount determined annually under subsection (a)
of Section 5-168 of this Code. Notwithstanding any other
provision of law, if the city fails to pay the amount
guaranteed under this Section on or before December 31 of the
year in which such amount is due, the Fund may bring a mandamus
action in the Circuit Court of Cook County to compel the city
to make the required payment, irrespective of other remedies
that may be available to the Fund. The obligations and causes
of action created under this Section shall be in addition to
any other right or remedy otherwise accorded by common law or
State or federal law, and nothing in this Section shall be
construed to deny, abrogate, impair, or waive any such common
law or statutory right or remedy.
    (b) In ordering the city to make the required payment, the
court may order a reasonable payment schedule to enable the
city to make the required payment without significantly
imperilling the public health, safety, or welfare. Any payments
required to be made by the city pursuant to this Section are
expressly subordinated to the payment of the principal,
interest, premium, if any, and other payments on or related to
any bonded debt obligation of the city, either currently
outstanding or to be issued, for which the source of repayment
or security thereon is derived directly or indirectly from any
funds collected or received by the city. Payments on such
bonded obligations include any statutory fund transfers or
other prefunding mechanisms or formulas set forth, now or
hereafter, in State law, city ordinance, or bond indentures,
into debt service funds or accounts of the city related to such
bonded obligations, consistent with the payment schedules
associated with such obligations.
 
    (40 ILCS 5/6-128.2)   (from Ch. 108 1/2, par. 6-128.2)
    Sec. 6-128.2. Minimum retirement annuities.
    (a) Beginning with the monthly payment due in January,
1988, the monthly annuity payment for any person who is
entitled to receive a retirement annuity under this Article in
January, 1990 and has retired from service at age 50 or over
with 20 or more years of service, and for any person who
retires from service on or after January 24, 1990 at age 50 or
over with 20 or more years of service, shall not be less than
$475 per month. The $475 minimum annuity is exclusive of any
automatic annual increases provided by Sections 6-164 and
6-164.1, but not exclusive of previous raises in the minimum
annuity as provided by any Section of this Article.
    Beginning January 1, 1992, the minimum retirement annuity
payable to any person who has retired from service at age 50 or
over with 20 or more years of service and is entitled to
receive a retirement annuity under this Article on that date,
or who retires from service at age 50 or over with 20 or more
years of service after that date, shall be $650 per month.
    Beginning January 1, 1993, the minimum retirement annuity
payable to any person who has retired from service at age 50 or
over with 20 or more years of service and is entitled to
receive a retirement annuity under this Article on that date,
or who retires from service at age 50 or over with 20 or more
years of service after that date, shall be $750 per month.
    Beginning January 1, 1994, the minimum retirement annuity
payable to any person who has retired from service at age 50 or
over with 20 or more years of service and is entitled to
receive a retirement annuity under this Article on that date,
or who retires from service at age 50 or over with 20 or more
years of service after that date, shall be $850 per month.
    Beginning January 1, 2004, the minimum retirement annuity
payable to any person who has retired from service at age 50 or
over with 20 or more years of service and is entitled to
receive a retirement annuity under this Article on that date,
or who retires from service at age 50 or over with 20 or more
years of service after that date, shall be $950 per month.
    Beginning January 1, 2005, the minimum retirement annuity
payable to any person who has retired from service at age 50 or
over with 20 or more years of service and is entitled to
receive a retirement annuity under this Article on that date,
or who retires from service at age 50 or over with 20 or more
years of service after that date, shall be $1,050 per month.
    Beginning January 1, 2016, the minimum retirement annuity
payable to any person who has retired from service at age 50 or
over with 20 or more years of service and is entitled to
receive a retirement annuity under this Article on that date,
or who retires from service at age 50 or over with 20 or more
years of service after that date, shall be no less than 125% of
the Federal Poverty Level. For purposes of this Section, the
"Federal Poverty Level" shall be determined pursuant to the
poverty guidelines updated periodically in the Federal
Register by the United States Department of Health and Human
Services under the authority of 42 U.S.C. 9902(2).
    The minimum annuities established by this subsection (a) do
include previous raises in the minimum annuity as provided by
any Section of this Article, but do not include any sums which
have been added or will be added to annuity payments by the
automatic annual increases provided by Sections 6-164 and
6-164.1. Such annual increases shall be paid in addition to the
minimum amounts specified in this subsection.
    (b) Notwithstanding any other provision of this Article,
beginning January 1, 1990, the minimum retirement annuity
payable to any person who is entitled to receive a retirement
annuity under this Article on that date shall be $475 per
month.
    (c) The changes made to this Section by this amendatory Act
of the 93rd General Assembly apply to all persons receiving a
retirement annuity under this Article, without regard to
whether the retirement of the fireman occurred prior to the
effective date of this amendatory Act.
(Source: P.A. 93-654, eff. 1-16-04.)
 
    (40 ILCS 5/6-165)   (from Ch. 108 1/2, par. 6-165)
    Sec. 6-165. Financing; tax.
    (a) Except as expressly provided in this Section, each city
shall levy a tax annually upon all taxable property therein for
the purpose of providing revenue for the fund. For the years
prior to the year 1960, the tax rate shall be as provided for
in the "Firemen's Annuity and Benefit Fund of the Illinois
Municipal Code". The tax, from and after January 1, 1968 to and
including the year 1971, shall not exceed .0863% of the value,
as equalized or assessed by the Department of Revenue, of all
taxable property in the city. Beginning with the year 1972 and
through 2014, the city shall levy a tax annually at a rate on
the dollar of the value, as equalized or assessed by the
Department of Revenue of all taxable property within such city
that will produce, when extended, not to exceed an amount equal
to the total amount of contributions by the employees to the
fund made in the calendar year 2 years prior to the year for
which the annual applicable tax is levied, multiplied by 2.23
through the calendar year 1981, and by 2.26 for the year 1982
and for each tax levy year through 2014. Beginning in tax levy
year 2015, the city council shall levy a tax annually at a rate
on the dollar of the assessed valuation of all taxable property
that will produce when extended an annual amount that is equal
to no less than the amount of the city's contribution in each
of the following payment years: for 2016, $199,000,000; for
2017, $208,000,000; for 2018, $227,000,000; for 2019,
$235,000,000; for 2020, $245,000,000.
    Beginning in tax levy year 2020, the city council shall
levy a tax annually at a rate on the dollar of the assessed
valuation of all taxable property that will produce when
extended an annual amount that is equal to no less than (1) the
normal cost to the Fund, plus (2) an annual amount sufficient
to bring the total assets of the Fund up to 90% of the total
actuarial liabilities of the Fund by the end of fiscal year
2055 2040, as annually updated and determined by an enrolled
actuary employed by the Illinois Department of Insurance or by
an enrolled actuary retained by the Fund or the city. In making
these determinations, the required minimum employer
contribution shall be calculated each year as a level
percentage of payroll over the years remaining up to and
including fiscal year 2055 2040 and shall be determined under
the entry age normal actuarial cost method. Beginning in
payment year 2056, the city's required contribution in that
year and for each year thereafter shall be an annual amount
that is equal to no less than (1) the normal cost to the Fund,
plus (2) the annual amount determined by an enrolled actuary
employed by the Illinois Department of Insurance or by an
enrolled actuary retained by the Fund to be equal to the
amount, if any, needed to bring the total actuarial assets of
the Fund up to 90% of the total actuarial liabilities of the
Fund as of the end of the year, utilizing the entry age normal
actuarial cost method as provided above projected unit credit
actuarial cost method.
    To provide revenue for the ordinary death benefit
established by Section 6-150 of this Article, in addition to
the contributions by the firemen for this purpose, the city
council shall for the year 1962 and each year thereafter
annually levy a tax, which shall be in addition to and
exclusive of the taxes authorized to be levied under the
foregoing provisions of this Section, upon all taxable property
in the city, as equalized or assessed by the Department of
Revenue, at such rate per cent of the value of such property as
shall be sufficient to produce for each year the sum of
$142,000.
    The amounts produced by the taxes levied annually, together
with the deposit expressly authorized in this Section, shall be
sufficient, when added to the amounts deducted from the
salaries of firemen and applied to the fund, to provide for the
purposes of the fund.
    (a-5) For purposes of determining the required employer
contribution to the Fund, the value of the Fund's assets shall
be equal to the actuarial value of the Fund's assets, which
shall be calculated as follows:
        (1) On March 30, 2011, the actuarial value of the
    Fund's assets shall be equal to the market value of the
    assets as of that date.
        (2) In determining the actuarial value of the Fund's
    assets for fiscal years after March 30, 2011, any actuarial
    gains or losses from investment return incurred in a fiscal
    year shall be recognized in equal annual amounts over the
    5-year period following that fiscal year.
    (a-7) If the city fails to transmit to the Fund
contributions required of it under this Article for more than
90 days after the payment of those contributions is due, the
Fund shall may, after giving notice to the city, certify to the
State Comptroller the amounts of the delinquent payments, and
the Comptroller must, beginning in fiscal year 2016, deduct and
deposit into the Fund the certified amounts or a portion of
those amounts from the following proportions of grants of State
funds to the city:
        (1) in fiscal year 2016, one-third of the total amount
    of any grants of State funds to the city;
        (2) in fiscal year 2017, two-thirds of the total amount
    of any grants of State funds to the city; and
        (3) in fiscal year 2018 and each fiscal year
    thereafter, the total amount of any grants of State funds
    to the city.
    The State Comptroller may not deduct from any grants of
State funds to the city more than the amount of delinquent
payments certified to the State Comptroller by the Fund.
    (b) The taxes shall be levied and collected in like manner
with the general taxes of the city, and shall be in addition to
all other taxes which the city may levy upon all taxable
property therein and shall be exclusive of and in addition to
the amount of tax the city may levy for general purposes under
Section 8-3-1 of the Illinois Municipal Code, approved May 29,
1961, as amended, or under any other law or laws which may
limit the amount of tax which the city may levy for general
purposes.
    (c) The amounts of the taxes to be levied in each year
shall be certified to the city council by the board.
    (d) As soon as any revenue derived from such taxes is
collected, it shall be paid to the city treasurer and held for
the benefit of the fund, and all such revenue shall be paid
into the fund in accordance with the provisions of this
Article.
    (e) If the funds available are insufficient during any year
to meet the requirements of this Article, the city may issue
tax anticipation warrants, against the tax levies herein
authorized for the current fiscal year.
    (f) The various sums, hereinafter stated, including
interest, to be contributed by the city, shall be taken from
the revenue derived from the taxes or otherwise as expressly
provided in this Section. Except for defraying the cost of
administration of the fund during the calendar year in which a
city first attains a population of 500,000 and comes under the
provisions of this Article and the first calendar year
thereafter, any money of the city derived from any source other
than these taxes or the sale of tax anticipation warrants shall
not be used to provide revenue for the fund, nor to pay any
part of the cost of administration thereof, unless applied to
make the deposit expressly authorized in this Section or the
additional city contributions required under subsection (h).
    (g) In lieu of levying all or a portion of the tax required
under this Section in any year, the city may deposit with the
city treasurer no later than March 1 of that year for the
benefit of the fund, to be held in accordance with this
Article, an amount that, together with the taxes levied under
this Section for that year, is not less than the amount of the
city contributions for that year as certified by the board to
the city council. The deposit may be derived from any source
legally available for that purpose, including, but not limited
to, the proceeds of city borrowings. The making of a deposit
shall satisfy fully the requirements of this Section for that
year to the extent of the amounts so deposited. Amounts
deposited under this subsection may be used by the fund for any
of the purposes for which the proceeds of the taxes levied
under this Section may be used, including the payment of any
amount that is otherwise required by this Article to be paid
from the proceeds of those taxes.
    (h) In addition to the contributions required under the
other provisions of this Article, by November 1 of the
following specified years, the city shall deposit with the city
treasurer for the benefit of the fund, to be held and used in
accordance with this Article, the following specified amounts:
$6,300,000 in 1999; $5,880,000 in 2000; $5,460,000 in 2001;
$5,040,000 in 2002; and $4,620,000 in 2003.
    The additional city contributions required under this
subsection are intended to decrease the unfunded liability of
the fund and shall not decrease the amount of the city
contributions required under the other provisions of this
Article. The additional city contributions made under this
subsection may be used by the fund for any of its lawful
purposes.
    (i) Any proceeds received by the city in relation to the
operation of a casino or casinos within the city shall be
expended by the city for payment to the Firemen's Annuity and
Benefit Fund of Chicago to satisfy the city contribution
obligation in any year.
(Source: P.A. 96-1495, eff. 1-1-11.)
 
    (40 ILCS 5/6-165.2 new)
    Sec. 6-165.2. Funding Obligation.
    (a) Beginning January 1, 2016, the city shall be obligated
to contribute to the Fund in each fiscal year an amount not
less than the amount determined annually under subsection (a)
of Section 6-165 of this Code. Notwithstanding any other
provision of law, if the city fails to pay the amount
guaranteed under this Section on or before December 31 of the
year in which such amount is due, the Fund may bring a mandamus
action in the Circuit Court of Cook County to compel the city
to make the required payment, irrespective of other remedies
that may be available to the Fund. The obligations and causes
of action created under this Section shall be in addition to
any other right or remedy otherwise accorded by common law or
State or federal law, and nothing in this Section shall be
construed to deny, abrogate, impair, or waive any such common
law or statutory right or remedy.
    (b) In ordering the city to make the required payment, the
court may order a reasonable payment schedule to enable the
city to make the required payment without significantly
imperilling the public health, safety, or welfare. Any payments
required to be made by the city pursuant to this Section are
expressly subordinated to the payment of the principal,
interest, premium, if any, and other payments on or related to
any bonded debt obligation of the city, either currently
outstanding or to be issued, for which the source of repayment
or security thereon is derived directly or indirectly from any
funds collected or received by the city or collected or
received on behalf of the city. Payments on such bonded
obligations include any statutory fund transfers or other
prefunding mechanisms or formulas set forth, now or hereafter,
in State law, city ordinance, or bond indentures, into debt
service funds or accounts of the city related to such bonded
obligations, consistent with the payment schedules associated
with such obligations.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.