Full Text of HB5681 99th General Assembly
HB5681ham002 99TH GENERAL ASSEMBLY
Rep. Elaine Nekritz
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AMENDMENT TO HOUSE BILL 5681
AMENDMENT NO. ______. Amend House Bill 5681 by replacing
everything after the enacting clause with the following:
The Illinois Pension Code is amended by
changing Section 17-142.1 as follows:
(40 ILCS 5/17-142.1)
(from Ch. 108 1/2, par. 17-142.1)
To defray health insurance costs. To provide
partial reimbursement of health insurance costs.
(1) On the first day of September of each year, beginning
the Board may, by separate warrant, pay to each
recipient of a service
retirement, disability retirement or
survivor's pension an amount to be
determined by the Board,
which shall represent partial reimbursement for
the cost of the
recipient's health insurance coverage.
(2) In lieu of the annual payment authorized in subdivision
pensioners enrolled in the Fund's regular health care
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deduction plans, the
Fund may pay the health insurance premium
reimbursement on a monthly rather
than annual basis, at the
percentage rate established from time to time by
the Board. If
the Board so directs, these monthly payments may be made in
form of a direct payment of premium and a reduction in the
deducted from the annuity, rather than in the form of
(3) Total payments under this Section in any year may not
$65,000,000 plus any amount that was authorized to be
under this Section in the preceding year but was not
actually paid by the
Board, including any interest earned
(4) The total amount of payments under this Section in any
year may not exceed 75% of the total cost of health insurance
coverage in that year for all the recipients who receive
payments authorized by this Section in that year.
(5) There is hereby created the Chicago Teachers' Pension
Fund Health Insurance Task Force. The Task Force shall consist
of 12 members appointed as follows:
(a) Eight members, 2 of whom shall be appointed by each
of the 4 legislative leaders.
(b) One member, who shall be appointed by the board of
trustees of the Fund.
(c) One member, who shall be appointed by an
organization that represents retired Chicago teachers.
(d) One member, who shall be appointed by an
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organization that represents Chicago teachers.
(e) One member, who shall be appointed by the chairman
of the Chicago Board of Education.
The Task force shall study and consider the program of
health insurance coverage for pensioners that is currently
administered by the Fund, and shall present its findings and
recommendations concerning the following specified matters:
(i) the need for increasing the $65,000,000 limitation
on annual payments under subsection (3) of this Section;
(ii) moving the administration of the retiree health
plan to another appropriate public or private entity;
(iii) suggestions for an exit strategy and transition;
(iv) consideration of alternative funding mechanisms;
(v) consideration of the proper role of fiduciaries in
administering the health insurance program.
Members of the Task Force shall serve without compensation.
The Fund shall provide a meeting place and clerical support for
the Task Force.
The Task Force shall present a final report of its findings
and recommendations to the Governor of Illinois, the Mayor of
Chicago, the Illinois General Assembly, and the Illinois State
Library no later than January 31, 2017. Upon the filing of its
report and the conclusion of its business, the Task Force is
(Source: P.A. 93-677, eff. 6-28-04.)
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This Act takes effect upon