HB0378 Engrossed LRB093 03957 EFG 03996 b

1     AN ACT in relation to public employee benefits.
 
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 changing
5 Section 6-210.1 as follows:
 
6     (40 ILCS 5/6-210.1)   (from Ch. 108 1/2, par. 6-210.1)
7     Sec. 6-210.1. Credit for former employment with the fire
8 department.
9     (a) Any fireman who (1) accumulated service credit in the
10 Article 8 fund for service as an employee of the Chicago Fire
11 Department and (2) has terminated that Article 8 service credit
12 and received a refund of contributions therefor, may establish
13 service credit in this Fund for all or any part of that period
14 of service under the Article 8 fund by making written
15 application to the Board by January 1, 2005 2000 and paying to
16 this Fund (i) employee contributions based upon the actual
17 salary received and the rates in effect for members of this
18 Fund at the time of such service, plus (ii) interest thereon
19 calculated as follows:
20         (1) For applications received by the Board before July
21     14, 1995, interest shall be calculated on the amount of
22     employee contributions determined under item (i) above, at
23     the rate of 4% per annum, compounded annually, from the
24     date of termination of such service to the date of payment.
25         (2) For applications received by the Board on or after
26     July 14, 1995, interest shall be calculated on the amount
27     of employee contributions determined under item (i) above,
28     at the rate of 4% per annum, compounded annually, from the
29     first date of the period for which credit is being
30     established under this subsection (a) to the date of
31     payment.
32     A fireman who (1) retired on or after January 16, 2004 and

 

 

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1 on or before the effective date of this amendatory Act of the
2 93rd General Assembly and (2) files an application to establish
3 service credit under this subsection (a) before January 1,
4 2005, shall have his or her pension recalculated prospectively
5 to include the service credit established under this subsection
6 (a).
7     (b) A fireman who, at any time during the period 1970
8 through 1983, was an employee of the Chicago Fire Department
9 but did not participate in any pension fund subject to this
10 Code with respect to that employment may establish service
11 credit in this Fund for all or any part of that employment by
12 making written application to the Board by January 1, 2005 and
13 paying to this Fund (i) employee contributions based upon the
14 actual salary received and the rates in effect for members of
15 this Fund at the time of that employment, plus (ii) interest
16 thereon calculated at the rate of 4% per annum, compounded
17 annually, from the first date of the employment for which
18 credit is being established under this subsection (b) to the
19 date of payment.
20     (c) A fireman may pay the contributions required for
21 service credit under this Section established on or after July
22 14, 1995 in the form of payroll deductions, in accordance with
23 such procedures and limitations as may be established by Board
24 rule and any applicable rules or ordinances of the employer.
25     (d) Employer contributions shall be transferred as
26 provided in Sections 6-210.2 and 8-172.1. The employer shall
27 not be responsible for making any additional employer
28 contributions for any credit established under this Section.
29 (Source: P.A. 93-654, eff. 1-16-04.)
 
30     Section 90. The State Mandates Act is amended by adding
31 Section 8.28 as follows:
 
32     (30 ILCS 805/8.28 new)
33     Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and 8
34 of this Act, no reimbursement by the State is required for the

 

 

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1 implementation of any mandate created by this amendatory Act of
2 the 93rd General Assembly.
 
3     Section 99. Effective date. This Act takes effect upon
4 becoming law.