Public Act 0455 103RD GENERAL ASSEMBLY

  
  
  
 

 
Public Act 103-0455
 
HB3646 EnrolledLRB103 29153 RPS 55539 b


  
    AN ACT concerning public employee benefits.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  
 
 
    Section 5. The Illinois Pension Code is amended  by 
changing Section 8-230.1 as follows:
 



    (40 ILCS 5/8-230.1)  (from Ch. 108 1/2, par. 8-230.1)



    Sec. 8-230.1. Right of employees to contribute for certain 
other service. 
Any employee in the service, after having made 
contributions covering a period
of 10 or more years to the 
annuity and benefit fund herein provided for, may
elect to pay 
for and receive credit for all annuity purposes for service

theretofore rendered by the employee to the Chicago Transit

Authority created by the Metropolitan Transit Authority Act or 
its predecessor public utilities;
provided that the last 5 
years of service prior to retirement on annuity
shall have 
been as an employee of the City and a contributor to this Fund.

Such service credit may be paid for and granted on the same 
basis and
conditions as are applicable in the case of 
employees who make payment for
past service under the 
provisions of Section 8-230, but on the assumption that the 
employee's salary
throughout all of his or her service with 
the Authority or its
predecessor public utilities was at the 
rate of the employee's
salary at the later of the date of his 
or her entrance or reentrance into the service as a municipal

employee, as applicable.  In no event, however, shall such 
service be credited if the employee
has not forfeited and 
relinquished pension credit for service
covering such period 
under any pension or retirement plan applicable
to the 
Authority or its predecessor public utilities and
instituted 
and maintained by the Authority or its predecessor
public 
utilities for the benefit of its employees.

(Source: P.A. 90-655, eff. 7-30-98.)

  
 
    Section 90. The State Mandates Act is amended by adding 
Section 8.47 as follows:
 
    (30 ILCS 805/8.47 new)
    Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and 
8 of this Act, no reimbursement by the State is required for 
the implementation of any mandate created by this amendatory 
Act of the 103rd General Assembly.