94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1811

 

Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Richard T. Bradley

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/14-126   from Ch. 108 1/2, par. 14-126

    Amends the State Employee Article of the Illinois Pension Code. Makes a technical change in a Section concerning retirement annuity following nonoccupational disability benefits.


LRB094 03165 LRD 33166 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1811 LRB094 03165 LRD 33166 b

1     AN ACT concerning pensions.
 
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 changing
5 Section 14-126 as follows:
 
6     (40 ILCS 5/14-126)  (from Ch. 108 1/2, par. 14-126)
7     Sec. 14-126. Nonoccupational disability benefit-Rights on
8 expiration-Retirement annuity option on re-entry. Any member
9 having 15 or more years of creditable service, and and having
10 attained at least age 55, or having 20 or more years of
11 creditable service and having attained at least age 50, who,
12 after receiving nonoccupational disability benefit for the
13 maximum period of time specified herein is still disabled for
14 service, shall be entitled to receive a retirement annuity
15 beginning the first of the month following application, without
16 regard to whether the member has attained age 60.
17     If a member having 15 but less than 20 years of creditable
18 service is under age 55 when nonoccupational disability
19 benefits terminate, and the member has been continuously
20 disabled for service, the member is entitled upon application
21 to the retirement annuity upon the first of the month after
22 attainment of age 55.
23     If a member having 20 or more years of creditable service
24 is under age 50 when nonoccupational disability benefits
25 terminate, and the member has been continuously disabled for
26 service, the member is entitled upon application to the
27 retirement annuity beginning upon the first of the month after
28 attainment of age 50.
29     As an option to the computation of a retirement annuity in
30 the manner provided in this Article, if a person who retires on
31 a retirement annuity prior to age 60 under the provisions of
32 this Section re-enters State employment, that person may refund

 

 

HB1811 - 2 - LRB094 03165 LRD 33166 b

1 to the system the amount theretofore received as a retirement
2 annuity and upon subsequently retiring from State service shall
3 be entitled to a retirement annuity computed as though that
4 member had not previously received such annuity.
5 (Source: P.A. 80-841.)