093_HB2467

 
                                     LRB093 08331 EFG 08550 b

 1        AN ACT in relation to public employee benefits.

 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
 5    changing Section 3-111.1 as follows:

 6        (40 ILCS 5/3-111.1) (from Ch. 108 1/2, par. 3-111.1)
 7        Sec. 3-111.1.  Increase in pension.
 8        (a)  Except  as  provided  in subsection (e), the monthly
 9    pension of a police officer who retires after July  1,  1971,
10    and prior to January 1, 1986, shall be increased, upon either
11    the first of the month following the first anniversary of the
12    date  of retirement if the officer is 60 years of age or over
13    at retirement date, or  upon  the  first  day  of  the  month
14    following  attainment  of age 60 if it occurs after the first
15    anniversary of retirement, by 3% of  the  originally  granted
16    pension  and  by  an  additional 3% of the originally granted
17    pension in January of each year thereafter.
18        Beginning January 1, 2004, the increases  accruing  under
19    this  subsection shall be calculated at the rate of 4% of the
20    amount of pension  payable  at  the  time  of  the  increase,
21    including   any   increases  previously  granted  under  this
22    Section, without regard to whether the police officer was  in
23    service on or after the effective date of this amendatory Act
24    of the 93rd General Assembly.
25        (b)  The  monthly pension of a police officer who retired
26    from service with 20 or more years of service, on  or  before
27    July  1,  1971,  shall  be  increased  in January of the year
28    following the year of attaining age 65 or in January of 1972,
29    if then over age 65, by 3% of the originally granted  pension
30    for  each  year the police officer received pension payments.
31    In each January  thereafter,  he  or  she  shall  receive  an
 
                            -2-      LRB093 08331 EFG 08550 b
 1    additional increase of 3% of the original pension.
 2        Beginning  January  1, 2004, the increases accruing under
 3    this subsection shall be calculated at the rate of 4% of  the
 4    amount  of  pension  payable  at  the  time  of the increase,
 5    including  any  increases  previously  granted   under   this
 6    Section,  without regard to whether the police officer was in
 7    service on or after the effective date of this amendatory Act
 8    of the 93rd General Assembly.
 9        (c)  The monthly pension of a police officer who  retires
10    on disability or is retired for disability shall be increased
11    in  January  of  the year following the year of attaining age
12    60, by 3% of the original grant of pension for each  year  he
13    or   she   received   pension   payments.   In  each  January
14    thereafter, the police officer shall  receive  an  additional
15    increase of 3% of the original pension.
16        Beginning  January  1, 2004, an initial increase accruing
17    under this subsection shall be 4% of the  originally  granted
18    pension  for  each  year  that  has elapsed since the pension
19    began, and  the  subsequent  increases  accruing  under  this
20    subsection  shall  be  calculated  at  the  rate of 4% of the
21    amount of pension  payable  at  the  time  of  the  increase,
22    including   any   increases  previously  granted  under  this
23    Section, without regard to whether the police officer was  in
24    service on or after the effective date of this amendatory Act
25    of the 93rd General Assembly.
26        (d)  The  monthly pension of a police officer who retires
27    after January 1, 1986, shall be increased,  upon  either  the
28    first  of  the  month  following the first anniversary of the
29    date of retirement if the officer is 55 years of age or over,
30    or upon the first day of the month  following  attainment  of
31    age   55   if  it  occurs  after  the  first  anniversary  of
32    retirement, by 1/12 of 3% of the originally  granted  pension
33    for each full month that has elapsed since the pension began,
34    and  by an additional 3% of the originally granted pension in
 
                            -3-      LRB093 08331 EFG 08550 b
 1    January of each year thereafter.
 2        Beginning January 1, 2004, an initial  increase  accruing
 3    under  this  subsection shall be 1/12 of 4% of the originally
 4    granted pension for each full month that  has  elapsed  since
 5    the  pension  began,  and  the  subsequent increases accruing
 6    under this subsection shall be calculated at the rate  of  4%
 7    of the amount of pension payable at the time of the increase,
 8    including   any   increases  previously  granted  under  this
 9    Section, without regard to whether the police officer was  in
10    service on or after the effective date of this amendatory Act
11    of the 93rd General Assembly.
12        The   changes   made  to  this  subsection  (d)  by  this
13    amendatory Act of the 91st  General  Assembly  apply  to  all
14    initial  increases  that become payable under this subsection
15    on or after January 1,  1999.   All  initial  increases  that
16    became  payable  under this subsection on or after January 1,
17    1999 and before the effective date  of  this  amendatory  Act
18    shall  be recalculated and the additional amount accruing for
19    that period, if any, shall be payable to the pensioner  in  a
20    lump sum.
21        (e)  Notwithstanding  the  provisions  of subsection (a),
22    upon the first day of  the  month  following  (1)  the  first
23    anniversary  of the date of retirement, or (2) the attainment
24    of age 55, or (3) July 1, 1987, whichever occurs latest,  the
25    monthly  pension  of a police officer who retired on or after
26    January 1, 1977 and on or before January 1, 1986, and did not
27    receive an increase under subsection (a) before July 1, 1987,
28    shall be increased by 3% of the  originally  granted  monthly
29    pension for each full year that has elapsed since the pension
30    began,  and  by  an  additional  3% of the originally granted
31    pension in each January thereafter.  The  increases  provided
32    under  this  subsection are in lieu of the increases provided
33    in subsection (a).
34        Beginning January 1, 2004, the increases  accruing  under
 
                            -4-      LRB093 08331 EFG 08550 b
 1    this  subsection shall be calculated at the rate of 4% of the
 2    amount of pension  payable  at  the  time  of  the  increase,
 3    including   any   increases  previously  granted  under  this
 4    Section, without regard to whether the police officer was  in
 5    service on or after the effective date of this amendatory Act
 6    of the 93rd General Assembly.
 7        (f)  Notwithstanding   the   other   provisions  of  this
 8    Section, beginning with increases granted on or after July 1,
 9    1993,  the  second  and  all  subsequent   automatic   annual
10    increases  granted  under subsection (a), (b), (d), or (e) of
11    this Section shall be calculated  as  3%  of  the  amount  of
12    pension  payable  at  the time of the increase, including any
13    increases previously granted under this Section, rather  than
14    3% of the originally granted pension amount.  Section 1-103.1
15    does not apply to this subsection (f).
16    (Source: P.A. 91-939, eff. 2-1-01.)

17        Section  90.  The State Mandates Act is amended by adding
18    Section 8.27 as follows:

19        (30 ILCS 805/8.27 new)
20        Sec. 8.27. Exempt mandate.   Notwithstanding  Sections  6
21    and  8 of this Act, no reimbursement by the State is required
22    for  the  implementation  of  any  mandate  created  by  this
23    amendatory Act of the 93rd General Assembly.

24        Section 99. Effective date.  This Act takes  effect  upon
25    becoming law.