Full Text of HB4897 95th General Assembly
HB4897 95TH GENERAL ASSEMBLY
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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB4897
Introduced , by Rep. Michael K. Smith SYNOPSIS AS INTRODUCED: |
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40 ILCS 5/4-109 |
from Ch. 108 1/2, par. 4-109 |
30 ILCS 805/8.32 new |
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Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides that the monthly pension shall be increased by 1/12 of 2.5% of the
monthly salary attached to the rank held by him or her in
the fire service at the date of retirement for each additional month over 20 years of service through 32 (was, 30)
years of service, to a maximum of 80% (was, 75%) of such monthly salary. Amends the State Mandates Act to require implementation without reimbursement.
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FISCAL NOTE ACT MAY APPLY |
PENSION IMPACT NOTE ACT MAY APPLY |
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT |
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A BILL FOR
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HB4897 |
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LRB095 18346 AMC 44431 b |
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| AN ACT concerning public employe 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 4-109 as follows:
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| (40 ILCS 5/4-109) (from Ch. 108 1/2, par. 4-109)
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| Sec. 4-109. Pension.
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| (a) A firefighter age 50 or more with 20 or more years of | 9 |
| creditable
service, who is no longer in service as a | 10 |
| firefighter, shall receive a monthly
pension of 1/2 the monthly | 11 |
| salary attached to the rank held by him or her in
the fire | 12 |
| service at the date of retirement.
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| The monthly pension shall be increased by 1/12 of 2.5% of | 14 |
| such
monthly salary for each additional month over 20 years of | 15 |
| service through 32 30
years of service, to a maximum of 80% 75% | 16 |
| of such monthly salary.
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| The changes made to this subsection (a) by this amendatory | 18 |
| Act of the
91st General Assembly apply to all pensions that | 19 |
| become payable under this
subsection on or after January 1, | 20 |
| 1999. All pensions payable under this
subsection that began on | 21 |
| or after January 1, 1999 and before the effective date
of this | 22 |
| amendatory Act shall be recalculated, and the amount of the | 23 |
| increase
accruing for that period shall be payable to the |
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HB4897 |
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LRB095 18346 AMC 44431 b |
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| pensioner in a lump sum.
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| (b) A firefighter who retires or is separated from service | 3 |
| having at
least 10 but less than 20 years of creditable | 4 |
| service, who is not entitled
to receive a disability pension, | 5 |
| and who did not apply for a refund of
contributions at his or | 6 |
| her last separation from service shall receive a
monthly | 7 |
| pension upon attainment of age 60 based on the monthly salary | 8 |
| attached
to his or her rank in the fire service on the date of | 9 |
| retirement or separation
from service according to the | 10 |
| following schedule:
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| For 10 years of service, 15% of salary;
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| For 11 years of service, 17.6% of salary;
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| For 12 years of service, 20.4% of salary;
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| For 13 years of service, 23.4% of salary;
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| For 14 years of service, 26.6% of salary;
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| For 15 years of service, 30% of salary;
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| For 16 years of service, 33.6% of salary;
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| For 17 years of service, 37.4% of salary;
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| For 18 years of service, 41.4% of salary;
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| For 19 years of service, 45.6% of salary.
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| (Source: P.A. 91-466, eff. 8-6-99.)
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| Section 90. The State Mandates Act is amended by adding | 23 |
| Section 8.32 as follows: | 24 |
| (30 ILCS 805/8.32 new) |
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HB4897 |
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LRB095 18346 AMC 44431 b |
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| Sec. 8.32. Exempt mandate. Notwithstanding Sections 6 and 8 | 2 |
| of this Act, no reimbursement by the State is required for the | 3 |
| implementation of any mandate created by this amendatory Act of | 4 |
| the 95th General Assembly.
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