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91_HB4082
LRB9110544EGfg
1 AN ACT to amend the Illinois Pension Code and the State
2 Mandates Act.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by
6 changing Section 7-142.1 as follows:
7 (40 ILCS 5/7-142.1) (from Ch. 108 1/2, par. 7-142.1)
8 Sec. 7-142.1. Sheriff's law enforcement employees.
9 (a) In lieu of the retirement annuity provided by
10 subparagraph 1 of paragraph (a) of Section 7-142: Any
11 sheriff's law enforcement employee who has 20 or more years
12 of service in that capacity and who terminates service prior
13 to January 1, 1988 shall be entitled at his option to receive
14 a monthly retirement annuity for his service as a sheriff's
15 law enforcement employee computed by multiplying 2% for each
16 year of such service up to 10 years, 2 1/4% for each year of
17 such service above 10 years and up to 20 years, and 2 1/2%
18 for each year of such service above 20 years, by his annual
19 final rate of earnings and dividing by 12. Any sheriff's law
20 enforcement employee who has 20 or more years of service in
21 that capacity and who terminates service on or after January
22 1, 1988 shall be entitled at his option to receive a monthly
23 retirement annuity for his service as a sheriff's law
24 enforcement employee computed by multiplying 2.5% for each
25 year of such service up to 20 years, 2% for each year of such
26 service above 20 years and up to 30 years, and 1% for each
27 year of such service above 30 years, by his annual final rate
28 of earnings and dividing by 12.
29 If a sheriff's law enforcement employee has service in
30 any other capacity, his retirement annuity for service as a
31 sheriff's law enforcement employee may be computed under this
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1 Section and the retirement annuity for his other service
2 under Section 7-142.
3 In no case shall the total monthly retirement annuity
4 exceed 75% of the monthly final rate of earnings.
5 (b) Whenever continued group insurance coverage is
6 elected in accordance with the provisions of Section 367h of
7 the Illinois Insurance Code, as now or hereafter amended, the
8 total monthly premium for such continued group insurance
9 coverage or such portion thereof as is not paid by the
10 municipality shall, upon request of the person electing such
11 continued group insurance coverage, be deducted from any
12 monthly pension benefit otherwise payable to such person
13 pursuant to this Section, to be remitted by the Fund to the
14 insurance company or other entity providing the group
15 insurance coverage.
16 (c) A sheriff's law enforcement employee who has service
17 in any other capacity may convert up to 10 years of that
18 service into service as a sheriff's law enforcement employee
19 by paying to the Fund an amount equal to the additional
20 contribution required under Section 7-173.1, plus interest at
21 the prescribed rate from the date of the service to the date
22 of payment.
23 (Source: P.A. 85-941.)
24 Section 90. The State Mandates Act is amended by adding
25 Section 8.24 as follows:
26 (30 ILCS 805/8.24 new)
27 Sec. 8.24. Exempt mandate. Notwithstanding Sections 6
28 and 8 of this Act, no reimbursement by the State is required
29 for the implementation of any mandate created by this
30 amendatory Act of the 91st General Assembly.
31 Section 99. Effective date. This Act takes effect upon
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1 becoming law.