100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
Introduced , by Rep. Robert Martwick
SYNOPSIS AS INTRODUCED:
40 ILCS 5/6-164.3 new
30 ILCS 805/8.42 new
Amends the Chicago Firefighter Article of the Illinois Pension Code.
Provides for noncompounded 3% automatic annual increases in all widow's
annuities (other than term annuities) upon the widow's attainment of age 60
or the tenth anniversary of the fireman's death, whichever occurs later.
Provides that the increases apply without regard to whether the deceased
fireman is in service on or after the effective date of the amendatory Act.
Amends the State Mandates Act to require implementation without
reimbursement. Effective immediately.
|FISCAL NOTE ACT MAY APPLY||PENSION IMPACT NOTE ACT MAY APPLY||STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT|
A BILL FOR
|HB5289||LRB100 19099 RPS 34356 b|
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Pension Code is amended by adding
Section 6-164.3 as follows:
(40 ILCS 5/6-164.3 new)
Automatic annual increase in widow's
(a) Every widow's annuity, other than a term annuity, shall
on January 1, 2019 or the January 1 occurring on
or immediately after the tenth
anniversary of the deceased
fireman's death or the widow's attainment of age 60, whichever
occurs later, and on each subsequent January 1, by an
equal to 3% of the original amount of the widow's annuity.
(b) Limitations on the maximum amount of widow's annuity
this Article do not apply to the annual increases
provided under this Section.
(c) The increases provided under this Section do apply to
minimum widow's annuities. The
increases provided under this
Section do not apply to term annuities. The increases provided
under this Section do apply without regard to whether the
deceased fireman is in service on or after the effective date
of this amendatory Act of the 100th General Assembly.