State of Illinois
91st General Assembly
Legislation

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91_SB1243

 
                                               LRB9105826EGfg

 1        AN ACT to amend the Illinois Pension Code.

 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 7-173.1 as follows:

 6        (40 ILCS 5/7-173.1) (from Ch. 108 1/2, par. 7-173.1)
 7        Sec.  7-173.1.  Additional  contribution by sheriff's law
 8    enforcement employees; refund.
 9        (a)  Each sheriff's law enforcement employee  shall  make
10    an  additional contribution of 1% of earnings, which shall be
11    considered as normal contributions.  For earnings on or after
12    July 1, 1988, the additional  contribution  shall  be  2%  of
13    earnings.
14        This   additional   contribution  shall  be  payable  for
15    retroactive service periods  which  the  employee  elects  to
16    establish and to periods of authorized leave of absence.
17        (b)  If  the  employee  is  awarded  a retirement annuity
18    under Section 7-142 and not under Section 7-142.1,  then  the
19    additional  contribution required under this Section shall be
20    refunded with interest or paid as provided in subsection (c).
21    If the employee  returns  to  a  participating  status  as  a
22    sheriff's  law  enforcement  employee, the employee may repay
23    the  amount  refunded  with  interest  and  upon   subsequent
24    retirement  be  entitled to a recomputation of the retirement
25    annuity under Section 7-142.1  if  the  total  service  as  a
26    sheriff's  law enforcement employee meets the requirements of
27    that Section.
28        (c)  Instead  of  a  refund  under  subsection  (b),  the
29    retiring employee may elect to  convert  the  amount  of  the
30    refund   into   an   annuity,  payable  separately  from  the
31    retirement  annuity.   If  the  annuitant  dies  before   the
 
                            -2-                LRB9105826EGfg
 1    guaranteed  amount  has been distributed, the remainder shall
 2    be paid in a lump sum to the designated  beneficiary  of  the
 3    annuitant.  The Board shall adopt any rules necessary for the
 4    implementation of this subsection.
 5    (Source: P.A. 90-766, eff. 8-14-98.)

 6        Section  99.  Effective date.  This Act takes effect upon
 7    becoming law.

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