Illinois General Assembly - Full Text of Public Act 096-0285
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Public Act 096-0285


 

Public Act 0285 96TH GENERAL ASSEMBLY



 


 
Public Act 096-0285
 
HB2582 Enrolled LRB096 06189 AMC 16271 b

    AN ACT concerning public employee benefits.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. If, and only if, Senate Bill 2520 of the 95th
General Assembly becomes law, then the Illinois Pension Code is
amended by changing Section 5-214.2 as follows:
 
    (40 ILCS 5/5-214.2)
    Sec. 5-214.2. Credit for certain law enforcement service.
An active policeman who is a member of this Fund on or before
the effective date of this Section may establish up to 10 years
of additional service credit in 6-month increments for service
in a law enforcement capacity under Articles 3, 7, 8, 9, 10,
13, 14, and 15 and Division 1 of Article 22, or as a law
enforcement officer with the Chicago Housing Authority, or as a
law enforcement officer with any agency of the United States
government, provided that: (1) service credit is not available
for that employment under any other provision of this Article;
(2) any service credit for that employment received under any
other provision of this Code or under the retirement plan of
the Chicago Housing Authority or Federal Employee Retirement
System has been terminated; and (3) the policeman applies for
this credit in writing within one year after the effective date
of this Section and pays to the Fund within 5 years after the
date of application an amount to be determined by the Fund in
accordance with this Section.
    An active policeman who becomes a member of this Fund after
the effective date of this Section may establish up to 10 years
of additional service credit in 6-month increments for service
in a law enforcement capacity under Articles 3, 7, 8, 9, 10,
13, 14, and 15 and Division 1 of Article 22, or as a law
enforcement officer with the Chicago Housing Authority, or as a
law enforcement officer with any agency of the United States
government, provided that: (1) service credit is not available
for that employment under any other provision of this Article;
(2) any service credit for that employment received under any
other provision of this Code or under the retirement plan of
the Chicago Housing Authority or Federal Employee Retirement
System has been terminated; and (3) the policeman applies for
this credit in writing within 2 years after he or she begins
employment under this Article and pays to the Fund within 5
years after the date of application an amount to be determined
by the Fund in accordance with this Section.
    The Fund must determine the policeman's payment required to
establish creditable service under this Section by taking into
account the appropriate actuarial assumptions, including
without limitation the police officer's service, age, and
salary history; the level of funding of the Fund; and any other
factors that the Fund determines to be relevant. For this
purpose, the policeman's required payment should result in no
significant increase to the Fund's unfunded actuarial accrued
liability determined as of the most recent actuarial valuation,
based on the same assumptions and methods used to develop and
report the Fund's actuarial accrued liability and actuarial
value of assets under Statement No. 25 of Governmental
Accounting Standards Board or any subsequent applicable
Statement.
(Source: 95SB2520enr.)
 
    Section 90. The State Mandates Act is amended by adding
Section 8.33 as follows:
 
    (30 ILCS 805/8.33 new)
    Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8
of this Act, no reimbursement by the State is required for the
implementation of any mandate created by this amendatory Act of
the 96th General Assembly.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/11/2009