HB4209 EngrossedLRB102 20423 RPS 29284 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by
5changing Sections 3-110.10 and 7-139.14 as follows:
 
6    (40 ILCS 5/3-110.10)
7    Sec. 3-110.10. Transfer from Article 7. Until January 1,
82009, a person may transfer to a fund established under this
9Article up to 8 years of creditable service accumulated under
10Article 7 of this Code upon payment to the fund of an amount to
11be determined by the board, equal to (i) the difference
12between the amount of employee and employer contributions
13transferred to the fund under Section 7-139.11 and the amounts
14that would have been contributed had such contributions been
15made at the rates applicable to an employee under this
16Article, plus (ii) interest thereon at the actuarially assumed
17rate, compounded annually, from the date of service to the
18date of payment.
19    No later than September 30, 2023 6 months after the
20effective date of this amendatory Act of the 102nd General
21Assembly, a person may transfer to a fund established under
22this Article creditable service accumulated under Article 7 of
23this Code for service as a sheriff's law enforcement employee,

 

 

HB4209 Engrossed- 2 -LRB102 20423 RPS 29284 b

1person employed by a participating municipality to perform
2police duties, or law enforcement officer employed on a
3full-time basis by a forest preserve district, or person
4employed by a participating municipality or instrumentality to
5perform administrative duties related to law enforcement upon
6payment to the fund of an amount to be determined by the board,
7equal to (i) the difference between the amount of employee and
8employer contributions transferred to the fund under Section
97-139.14 and the amounts that would have been contributed had
10such contributions been made at the rates applicable to an
11employee under this Article, plus (ii) interest thereon at the
12actuarially assumed rate, compounded annually, from the date
13of service to the date of payment.
14(Source: P.A. 102-113, eff. 7-23-21.)
 
15    (40 ILCS 5/7-139.14)
16    Sec. 7-139.14. Transfer to Article 3 pension fund.
17    (a) No later than June 30, 2023 Within 6 months after the
18effective date of this amendatory Act of the 102nd General
19Assembly, an active member of a pension fund established under
20Article 3 of this Code may apply for transfer to that Article 3
21pension fund of his or her credits and creditable service
22accumulated in this Fund for service as a sheriff's law
23enforcement employee, person employed by a participating
24municipality to perform police duties, or law enforcement
25officer employed on a full-time basis by a forest preserve

 

 

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1district, or person employed by a participating municipality
2or instrumentality to perform administrative duties related to
3law enforcement. The creditable service shall be transferred
4only upon payment by this Fund to such Article 3 pension fund
5of an amount equal to:
6        (1) the amounts accumulated to the credit of the
7    applicant for the service to be transferred, including
8    interest; and
9        (2) an amount representing employer contributions,
10    equal to the total amount determined under item (1); and
11        (3) any interest paid by the applicant to reinstate
12    such service.
13    Participation in this Fund as to any credits transferred
14under this Section shall terminate on the date of transfer.
15    (b) Notwithstanding any other provision of this Code, any
16person applying to transfer service under this Section may
17reinstate credits and creditable service terminated upon
18receipt of a separation benefit by paying to the Fund the
19amount of the separation benefit plus interest thereon at the
20actuarially assumed rate of interest to the date of payment.
21Such payment must be made within 60 90 days after notification
22by the Fund of the cost of such reinstatement.
23(Source: P.A. 102-113, eff. 7-23-21.)
 
24    Section 10. The Illinois Pension Code is amended by adding
25Section 3-110.13 and by changing Section 15-134.4 as follows:
 

 

 

HB4209 Engrossed- 4 -LRB102 20423 RPS 29284 b

1    (40 ILCS 5/3-110.13 new)
2    Sec. 3-110.13. Transfer from Article 15. No later than
3June 30, 2023, a person may irrevocably apply under Section
415-134.4 to transfer to a fund established under this Article
5creditable service accumulated under Article 15 of this Code
6for service as a police officer upon payment to the fund of an
7amount, to be determined by the board, equal to (i) the
8difference between the amount of employee and employer
9contributions transferred to the fund under Section 15-134.4
10and the amounts that would have been contributed had such
11contributions been made at the rates applicable to an employee
12under this Article, plus (ii) interest thereon at the
13actuarially assumed rate, compounded annually, from the date
14of service to the date of payment.
 
15    (40 ILCS 5/15-134.4)  (from Ch. 108 1/2, par. 15-134.4)
16    Sec. 15-134.4. Transfer of creditable service to an
17Article 3 pension fund, the Article 5 Pension Fund, or the
18Article 14 System.
19    (a) An active member of the Pension Fund established under
20Article 5 of this Code may apply, not later than January 1,
211990, to transfer his or her credits and creditable service
22accumulated under this System for service with the City
23Colleges of Chicago teaching in the Criminal Justice Program,
24to the Article 5 Fund. Such credits and creditable service

 

 

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1shall be transferred forthwith.
2    Payment by this System to the Article 5 Fund shall be made
3at the same time and shall consist of:
4        (1) the amounts credited to the applicant for such
5    service through employee contributions, including
6    interest, as of the date of transfer; and
7        (2) employer contributions equal in amount to the
8    accumulated employee contributions as determined in item
9    (1).
10Participation in this System with respect to such credits
11shall terminate on the date of transfer.
12    (b) Any active member of the State Employees' Retirement
13System who is a State policeman, an investigator for the
14Secretary of State, or a conservation police officer, and who
15is not a participating employee in this System, may apply for
16transfer of some or all of his or her creditable service
17accumulated in this System for service as a police officer to
18the State Employees' Retirement System in accordance with
19Section 14-110. The creditable service shall be transferred
20only upon payment by this System to the State Employees'
21Retirement System of an amount equal to:
22        (1) the amounts accumulated to the credit of the
23    applicant for the service to be transferred, including
24    interest, as of the date of transfer, and any interest
25    paid by the applicant to reinstate such service; and
26        (2) employer contributions equal in amount to the

 

 

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1    accumulated employee contributions as determined in item
2    (1). ; and
3        (3) any interest paid by the applicant to reinstate
4    such service.
5Participation in this System as to any credits transferred
6under this Section shall terminate on the date of transfer.
7    (c) Any person applying to transfer service under
8subsection (b) may reinstate credits and creditable service
9terminated upon receipt of a refund by paying to the System the
10amount of the refund plus interest thereon at the rate of 6%
11per year from the date of the refund to the date of payment.
12    (d) No later than June 30, 2023, any active member of a
13pension fund established under Article 3 of this Code who is
14not a participating employee in this System may apply for
15transfer of some or all of his or her creditable service
16accumulated in this System for service as a police officer to
17that Article 3 pension fund in accordance with Section
183-110.13. The creditable service shall be transferred only
19upon payment by this System to that Article 3 pension fund of
20an amount equal to:
21        (1) the amounts accumulated to the credit of the
22    applicant for the service to be transferred, including
23    interest, as of the date of transfer, and any interest
24    paid by the applicant to reinstate such service; and
25        (2) employer contributions equal in amount to the
26    accumulated employee contributions as determined in item

 

 

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1    (1).
2    Participation in this System as to any credits transferred
3under this Section shall terminate on the date of transfer.
4    (e) An application to transfer credits and creditable
5service under this Section shall be irrevocable.
6(Source: P.A. 95-530, eff. 8-28-07.)
 
7    Section 90. The State Mandates Act is amended by adding
8Section 8.46 as follows:
 
9    (30 ILCS 805/8.46 new)
10    Sec. 8.46. Exempt mandate. Notwithstanding Sections 6 and
118 of this Act, no reimbursement by the State is required for
12the implementation of any mandate created by this amendatory
13Act of the 102nd General Assembly.
 
14    Section 99. Effective date. This Act takes effect January
151, 2023.