Public Act 096-0285
 		





HB2582 Enrolled
LRB096 06189 AMC 16271 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. If, and only if, Senate Bill 2520 of the 95th 
General Assembly becomes law, then the Illinois Pension Code is 
amended  by changing Section 5-214.2 as follows:
 
    (40 ILCS 5/5-214.2)
    Sec. 5-214.2. Credit for certain law enforcement service. 
An active policeman who is a member of  this Fund on or before 
the effective date of this Section may  establish up to 10 years 
of additional service credit in 6-month increments for service 
in a law enforcement capacity under Articles 3, 7, 8, 9, 10, 
13, 14, and 15 and Division 1 of Article 22,  or as a law 
enforcement officer with the Chicago Housing Authority, or as a 
law enforcement officer with any agency of the United States 
government, provided that: (1) service credit is not available 
for that employment under any other provision of this Article; 
(2) any service credit for that employment received under any 
other provision of this Code  or under the retirement plan of 
the Chicago Housing Authority or Federal Employee Retirement 
System has been terminated; and (3) the policeman applies for 
this credit in writing within one year after the effective date 
of this Section and pays to the Fund within 5 years after the 
date of application an amount to be determined by the Fund in 
accordance with this Section.
    An active policeman who becomes  a member of  this Fund after 
the effective date of this Section may  establish up to 10 years 
of additional service credit in 6-month increments for service 
in a law enforcement capacity under Articles 3, 7, 8, 9, 10, 
13, 14, and 15 and Division 1 of Article 22, or as a law 
enforcement officer with the Chicago Housing Authority, or as a 
law enforcement officer with any agency of the United States 
government, provided that: (1) service credit is not available 
for that employment under any other provision of this Article; 
(2) any service credit for that employment received under any 
other provision of this Code  or under the retirement plan of 
the Chicago Housing Authority or Federal Employee Retirement 
System has been terminated; and (3) the policeman applies for 
this credit in writing within 2 years after he or she begins 
employment under this Article and pays to the Fund within 5 
years after the date of application an amount to be determined 
by the Fund in accordance with this Section. 
    The Fund must determine the policeman's payment required to 
establish creditable service under this Section by  taking into 
account the appropriate actuarial assumptions, including 
without limitation the police officer's service, age, and 
salary history; the level of funding of the Fund; and any other 
factors that the Fund determines to be relevant. For this 
purpose, the policeman's required payment should result in no 
significant increase to the Fund's unfunded actuarial accrued 
liability determined as of the most recent actuarial valuation, 
based on the same assumptions and methods used to develop and 
report the Fund's actuarial accrued liability and actuarial 
value of assets under Statement No. 25 of Governmental 
Accounting Standards Board or any subsequent applicable 
Statement.


(Source: 95SB2520enr.)
 
    Section 90. The State Mandates Act is amended by adding 
Section 8.33 as follows:
 
    (30 ILCS 805/8.33 new)
    Sec. 8.33. 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 96th General Assembly.
 

    Section 99. Effective date. This Act takes effect upon 
becoming law.