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93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB4743
Introduced 2/4/2004, by Kevin A. McCarthy SYNOPSIS AS INTRODUCED:
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40 ILCS 5/17-130.3 new |
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30 ILCS 805/8.28 new |
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Amends the Chicago Teacher Article of the Illinois Pension Code.
Directs the Fund to conduct a divided medicare coverage referendum, open
to teachers continuously employed by the same employer since March 31, 1986.
Allows eligible teachers to irrevocably elect to participate in the federal
medicare program. 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 |
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A BILL FOR
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HB4743 |
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LRB093 14650 LRD 40174 b |
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| AN ACT in relation to public employee benefits.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by adding |
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| Section
17-130.3 as follows:
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| (40 ILCS 5/17-130.3 new)
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| Sec. 17-130.3. Election of medicare coverage. |
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| (a) The Fund shall conduct a divided medicare coverage |
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| referendum, open
to teachers continuously employed by the same |
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| employer since March 31, 1986.
The referendum shall be |
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| conducted in accordance with the applicable provisions
of |
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| federal law and Article 21 of this Code.
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| (b) As used in this Section and in compliance with federal |
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| law,
"referendum" means the process whereby teachers are |
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| granted the opportunity
to make an irrevocable individual |
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| election to participate in the medicare
program on a |
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| prospective basis.
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| (c) Employers shall pay the necessary employer |
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| contributions and make the
necessary deductions from salary for |
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| teachers who elect to participate in the
federal medicare |
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| program under this Section, as required by the System, Article
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| 21 of this Code, and federal law.
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| Section 90. The State Mandates Act is amended by adding |
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| Section 8.28 as
follows:
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| (30 ILCS 805/8.28 new)
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| Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and |
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| 8 of this
Act, no reimbursement by the State is required for |
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| the implementation of
any mandate created by this amendatory |
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| Act of the 93rd General Assembly.
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| Section 99. Effective date. This Act takes effect upon |
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