Personnel and Pensions Committee

Filed: 2/22/2008

 

 


 

 


 
09500HB4627ham001 LRB095 15155 AMC 46707 a

1
AMENDMENT TO HOUSE BILL 4627

2     AMENDMENT NO. ______. Amend House Bill 4627 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Illinois Pension Code is amended by
5 changing Section 4-118.1 as follows:
 
6     (40 ILCS 5/4-118.1)  (from Ch. 108 1/2, par. 4-118.1)
7     Sec. 4-118.1. Contributions by firefighters.
8     (a) Beginning on the effective date of this amendatory Act
9 of the 95th General Assembly, each firefighter shall contribute
10 to the pension fund 7.415% of salary towards the cost of his or
11 her pension. Beginning January 1, 1976 and until the effective
12 date of this amendatory Act of the 91st General Assembly, each
13 firefighter shall contribute to the pension fund 6 3/4% of
14 salary towards the cost of his or her pension. Beginning on the
15 effective date of this amendatory Act of the 91st General
16 Assembly, each firefighter shall contribute to the pension fund

 

 

09500HB4627ham001 - 2 - LRB095 15155 AMC 46707 a

1 6.955% of salary towards the cost of his or her pension.
2     (b) In addition, beginning January 1, 1976, each
3 firefighter shall contribute 1% of salary toward the cost of
4 the increase in pension provided in Section 4-109.1; beginning
5 January 1, 1987, such contribution shall be 1.5% of salary;
6 beginning July 1, 2004, the contribution shall be 2.5% of
7 salary.
8     (c) Beginning on the effective date of this amendatory Act
9 of the 93rd General Assembly, each firefighter who elects to
10 receive a pension under Section 4-109.3 and who has
11 participated in at least one other pension fund under this
12 Article for a period of at least one year shall contribute an
13 additional 1.0% of salary toward the cost of the increase in
14 pensions provided in Section 4-109.3.
15     In the event that a firefighter does not elect to receive a
16 retirement pension provided under Section 4-109.3 from one or
17 more of the pension funds in which the firefighter has credit,
18 he or she shall, upon withdrawal from the last pension fund as
19 defined in Section 4-109.3, be entitled to receive, from each
20 such fund to which he or she has paid additional contributions
21 under this subsection (c) and from which he or she does not
22 receive a refund under Section 4-116, a refund of those
23 contributions without interest.
24     A refund of total contributions to a particular firefighter
25 pension fund under Section 4-116 shall include any refund of
26 additional contributions paid to that fund under this

 

 

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1 subsection (c), but a firefighter who accepts a refund from a
2 pension fund under Section 4-116 is thereafter ineligible to
3 receive a pension provided under Section 4-109.3 from that
4 fund. A firefighter who meets the eligibility requirements of
5 Section 4-109.3 may receive a pension under Section 4-109.3
6 from any pension fund from which the firefighter has not
7 received a refund under Section 4-116 or under this subsection
8 (c).
9     (d) "Salary" means the annual salary, including longevity,
10 attached to the firefighter's rank, as established by the
11 municipality appropriation ordinance, including any
12 compensation for overtime which is included in the salary so
13 established, but excluding any "overtime pay", "holiday pay",
14 "bonus pay", "merit pay", or any other cash benefit not
15 included in the salary so established.
16     (e) The contributions shall be deducted and withheld from
17 the salary of firefighters.
18 (Source: P.A. 93-689, eff. 7-1-04.)".