Full Text of HB1009 94th General Assembly
HB1009enr 94TH GENERAL ASSEMBLY
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HB1009 Enrolled |
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LRB094 08890 AMC 39110 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by changing | 5 |
| Section 5-167.1 as follows:
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| (40 ILCS 5/5-167.1) (from Ch. 108 1/2, par. 5-167.1)
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| Sec. 5-167.1. Automatic increase in annuity; retirement | 8 |
| from service
after September 1, 1967.
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| (a) A policeman who retires from service after September 1, | 10 |
| 1967
with at least 20 years of service credit shall, upon | 11 |
| either the first
of the month following the first anniversary | 12 |
| of his date of retirement
if he is age 60 (age 55 if born before | 13 |
| January 1, 1955
1950 )
or over on that anniversary date, or upon | 14 |
| the first of the month following
his attainment of age 60 (age | 15 |
| 55 if born before January 1, 1955
1950 )
if it occurs after the | 16 |
| first anniversary of his retirement date, have his
then fixed | 17 |
| and payable monthly annuity increased by 1 1/2% and such first
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| fixed annuity as granted at retirement increased by an | 19 |
| additional 1 1/2% in
January of each year thereafter up to a | 20 |
| maximum increase of 30%. Beginning
January 1, 1983 for | 21 |
| policemen born before January 1, 1930, and beginning
January 1, | 22 |
| 1988 for policemen born on or after January 1, 1930 but before
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| January 1, 1940, and beginning January 1, 1996 for policemen | 24 |
| born on or after
January 1, 1940 but before January 1, 1945, | 25 |
| and beginning January 1, 2000
for policemen born on or after | 26 |
| January 1, 1945 but before January 1, 1950, and beginning | 27 |
| January 1, 2005
for policemen born on or after January 1, 1950 | 28 |
| but before January 1, 1955,
such increases shall be 3% and such | 29 |
| policemen shall not be subject to the
30% maximum increase.
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| Any policeman born before January 1, 1945 who qualifies for | 31 |
| a minimum
annuity and retires after September 1, 1967 but has | 32 |
| not received the initial
increase under this subsection before |
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HB1009 Enrolled |
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LRB094 08890 AMC 39110 b |
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| January 1, 1996 is entitled to receive
the initial increase | 2 |
| under this subsection on (1) January 1, 1996, (2) the
first | 3 |
| anniversary of the date of retirement, or (3) attainment of age | 4 |
| 55,
whichever occurs last. The changes to this Section made by | 5 |
| Public Act
89-12 apply beginning January 1, 1996 and
without | 6 |
| regard to whether the policeman or annuitant terminated service | 7 |
| before
the effective date of that Act.
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| Any policeman born before January 1, 1950 who qualifies for | 9 |
| a minimum
annuity and retires after September 1, 1967 but has | 10 |
| not received the initial
increase under this subsection before | 11 |
| January 1, 2000 is entitled to receive
the initial increase | 12 |
| under this subsection on (1) January 1, 2000, (2) the
first | 13 |
| anniversary of the date of retirement, or (3) attainment of age | 14 |
| 55,
whichever occurs last. The changes to this Section made by | 15 |
| this amendatory
Act of the 92nd General Assembly apply without | 16 |
| regard to whether the policeman
or annuitant terminated service | 17 |
| before the effective date of this amendatory
Act.
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| Any policeman born before January 1, 1955 who qualifies for | 19 |
| a minimum
annuity and retires after September 1, 1967 but has | 20 |
| not received the initial
increase under this subsection before | 21 |
| January 1, 2005 is entitled to receive
the initial increase | 22 |
| under this subsection on (1) January 1, 2005, (2) the
first | 23 |
| anniversary of the date of retirement, or (3) attainment of age | 24 |
| 55,
whichever occurs last. The changes to this Section made by | 25 |
| this amendatory
Act of the 94th General Assembly apply without | 26 |
| regard to whether the policeman
or annuitant terminated service | 27 |
| before the effective date of this amendatory
Act.
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| (b) Subsection (a) of this Section is
not applicable to an | 29 |
| employee receiving a term annuity.
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| (c) To help defray the cost of such increases in annuity, | 31 |
| there shall
be deducted, beginning September 1, 1967, from each | 32 |
| payment of salary to a
policeman, 1/2 of 1% of each salary | 33 |
| payment concurrently with and in addition
to the salary | 34 |
| deductions otherwise made for annuity purposes.
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| The city, in addition to the contributions otherwise made | 36 |
| by it for
annuity purposes under other provisions of this |
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HB1009 Enrolled |
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LRB094 08890 AMC 39110 b |
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| Article, shall make
matching contributions concurrently with | 2 |
| such salary deductions.
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| Each such 1/2 of 1% deduction from salary and each such | 4 |
| contribution
by the city of 1/2 of 1% of salary shall be | 5 |
| credited to the Automatic
Increase Reserve, to be used to | 6 |
| defray the cost of the 1 1/2% annuity
increase provided by this | 7 |
| Section. Any balance in such reserve as of the
beginning of | 8 |
| each calendar year shall be credited with interest at the
rate | 9 |
| of 3% per annum.
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| Such deductions from salary and city contributions shall | 11 |
| continue
while the policeman is in service.
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| The salary deductions provided in this Section are not | 13 |
| subject to
refund, except to the policeman himself, in any case | 14 |
| in which a
policeman withdraws prior to qualification for | 15 |
| minimum annuity and
applies for refund or applies for annuity, | 16 |
| and also where a term annuity
becomes payable. In such cases, | 17 |
| the total of such salary deductions
shall be refunded to the | 18 |
| policeman, without interest, and charged to the
Automatic | 19 |
| Increase Reserve.
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| (Source: P.A. 92-52, eff. 7-12-01.)
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| Section 90. The State Mandates Act is amended by adding | 22 |
| Section 8.29 as
follows:
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| (30 ILCS 805/8.29 new)
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| Sec. 8.29. Exempt mandate. Notwithstanding Sections 6 and 8 | 25 |
| of this
Act, no reimbursement by the State is required for the | 26 |
| implementation of
any mandate created by this amendatory Act of | 27 |
| the 94th General Assembly.
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| Section 99. Effective date. This Act takes effect upon | 29 |
| becoming law.
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