99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB1444

 

Introduced , by Rep. Robert F. Martwick

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/6-128.2  from Ch. 108 1/2, par. 6-128.2
30 ILCS 805/8.39 new

    Amends the Chicago Firefighter Article of the Illinois Pension Code. Incrementally increases the minimum retirement annuity for current and future retirees who have retired from service at age 50 or over with 20 or more years of service, up to $1,250 per month beginning on January 1, 2018. Also makes a technical change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.


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FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

 

 

A BILL FOR

 

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1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 6-128.2 as follows:
 
6    (40 ILCS 5/6-128.2)   (from Ch. 108 1/2, par. 6-128.2)
7    Sec. 6-128.2. Minimum retirement annuities.
8    (a) Beginning with the monthly payment due in January,
91988, the monthly annuity payment for any person who is
10entitled to receive a retirement annuity under this Article in
11January, 1990 and has retired from service at age 50 or over
12with 20 or more years of service, and for any person who
13retires from service on or after January 24, 1990 at age 50 or
14over with 20 or more years of service, shall not be less than
15$475 per month. The $475 minimum annuity is exclusive of any
16automatic annual increases provided by Sections 6-164 and
176-164.1, but not exclusive of previous raises in the minimum
18annuity as provided by any Section of this Article.
19    Beginning January 1, 1992, the minimum retirement annuity
20payable to any person who has retired from service at age 50 or
21over with 20 or more years of service and is entitled to
22receive a retirement annuity under this Article on that date,
23or who retires from service at age 50 or over with 20 or more

 

 

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1years of service after that date, shall be $650 per month.
2    Beginning January 1, 1993, the minimum retirement annuity
3payable to any person who has retired from service at age 50 or
4over with 20 or more years of service and is entitled to
5receive a retirement annuity under this Article on that date,
6or who retires from service at age 50 or over with 20 or more
7years of service after that date, shall be $750 per month.
8    Beginning January 1, 1994, the minimum retirement annuity
9payable to any person who has retired from service at age 50 or
10over with 20 or more years of service and is entitled to
11receive a retirement annuity under this Article on that date,
12or who retires from service at age 50 or over with 20 or more
13years of service after that date, shall be $850 per month.
14    Beginning January 1, 2004, the minimum retirement annuity
15payable to any person who has retired from service at age 50 or
16over with 20 or more years of service and is entitled to
17receive a retirement annuity under this Article on that date,
18or who retires from service at age 50 or over with 20 or more
19years of service after that date, shall be $950 per month.
20    Beginning January 1, 2005, the minimum retirement annuity
21payable to any person who has retired from service at age 50 or
22over with 20 or more years of service and is entitled to
23receive a retirement annuity under this Article on that date,
24or who retires from service at age 50 or over with 20 or more
25years of service after that date, shall be $1,050 per month.
26    Beginning July 1, 2015, the minimum retirement annuity

 

 

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1payable to any person who has retired from service at age 50 or
2over with 20 or more years of service and is entitled to
3receive a retirement annuity under this Article on that date,
4or who retires from service at age 50 or over with 20 or more
5years of service after that date, shall be $1,100 per month.
6    Beginning January 1, 2016, the minimum retirement annuity
7payable to any person who has retired from service at age 50 or
8over with 20 or more years of service and is entitled to
9receive a retirement annuity under this Article on that date,
10or who retires from service at age 50 or over with 20 or more
11years of service after that date, shall be $1,150 per month.
12    Beginning January 1, 2017, the minimum retirement annuity
13payable to any person who has retired from service at age 50 or
14over with 20 or more years of service and is entitled to
15receive a retirement annuity under this Article on that date,
16or who retires from service at age 50 or over with 20 or more
17years of service after that date, shall be $1,200 per month.
18    Beginning January 1, 2018, the minimum retirement annuity
19payable to any person who has retired from service at age 50 or
20over with 20 or more years of service and is entitled to
21receive a retirement annuity under this Article on that date,
22or who retires from service at age 50 or over with 20 or more
23years of service after that date, shall be $1,250 per month.
24    The minimum annuities established by this subsection (a) do
25include previous raises in the minimum annuity as provided by
26any Section of this Article, but do not include any sums which

 

 

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1have been added or will be added to annuity payments by the
2automatic annual increases provided by Sections 6-164 and
36-164.1. Such annual increases shall be paid in addition to the
4minimum amounts specified in this subsection.
5    (b) Subject to subsection (a) of this Section, but
6notwithstanding Notwithstanding any other provision of this
7Article, beginning January 1, 1990, the minimum retirement
8annuity payable to any person who is entitled to receive a
9retirement annuity under this Article on that date shall be
10$475 per month.
11    (c) The changes made to this Section by this amendatory Act
12of the 93rd General Assembly apply to all persons receiving a
13retirement annuity under this Article, without regard to
14whether the retirement of the fireman occurred prior to the
15effective date of this amendatory Act.
16(Source: P.A. 93-654, eff. 1-16-04.)
 
17    Section 90. The State Mandates Act is amended by adding
18Section 8.39 as follows:
 
19    (30 ILCS 805/8.39 new)
20    Sec. 8.39. Exempt mandate. Notwithstanding Sections 6 and 8
21of this Act, no reimbursement by the State is required for the
22implementation of any mandate created by this amendatory Act of
23the 99th General Assembly.
 
24    Section 99. Effective date. This Act takes effect upon

 

 

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1becoming law.