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| 1 | AN ACT concerning public employee benefits.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Pension Code is amended by | ||||||
| 5 | changing Section 6-158 as follows:
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| 6 | (40 ILCS 5/6-158) (from Ch. 108 1/2, par. 6-158)
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| 7 | Sec. 6-158. Refund.
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| 8 | (a) A fireman who withdraws before age 50 and a fireman | ||||||
| 9 | with less than
10 years of service who withdraws before age 57, | ||||||
| 10 | or any fireman who
withdraws and enters the service of another | ||||||
| 11 | department of the city, has a
right to a refund of the entire | ||||||
| 12 | amount to his credit as of the date of
withdrawal for age and | ||||||
| 13 | service annuity or Tier 2 monthly retirement annuity, for | ||||||
| 14 | automatic annual increase in annuity as provided in Section | ||||||
| 15 | 6-164, and for widow's annuity or Tier 2 surviving spouse's | ||||||
| 16 | annuity, from deductions
from salary.
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| 17 | (b) Any such fireman shall be entitled to refund until he | ||||||
| 18 | re-enters
service or until his annuity is fixed.
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| 19 | (c) A fireman who receives a refund forfeits all rights to | ||||||
| 20 | any annuity
or benefit from the fund, for himself and for any | ||||||
| 21 | other person who might
benefit through him because of his | ||||||
| 22 | service, provided he shall retain the
right to credit for any | ||||||
| 23 | such service, for the purpose of computing his
total service | ||||||
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| 1 | if he re-enters service before age 57, becomes a beneficiary
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| 2 | of the fund and makes repayment of the refund with interest.
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| 3 | (d) A fireman completing 10 years of service who does not | ||||||
| 4 | receive a
refund, may receive an annuity as provided in this | ||||||
| 5 | Article.
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| 6 | (e) A fireman completing less than 10 years who does not | ||||||
| 7 | receive a
refund has a right to have all amounts to his credit | ||||||
| 8 | for annuity purposes
on the date of withdrawal improved by | ||||||
| 9 | interest while he is out of service
until age 57 only, for his | ||||||
| 10 | benefit and the benefit of any person who may
have any right to | ||||||
| 11 | annuity through him, if he subsequently reenters service
and | ||||||
| 12 | attains a right to annuity.
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| 13 | (f) The changes made to this Section by this amendatory | ||||||
| 14 | Act of the 102nd General Assembly are intended to be a | ||||||
| 15 | restatement and clarification of existing law and are intended | ||||||
| 16 | to be retroactive to August 6, 2021 (the effective date of | ||||||
| 17 | Public Act 102-293). | ||||||
| 18 | (Source: P.A. 102-293, eff. 8-6-21.)
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| 19 | Section 90. The State Mandates Act is amended by adding | ||||||
| 20 | Section 8.46 as follows: | ||||||
| 21 | (30 ILCS 805/8.46 new) | ||||||
| 22 | Sec. 8.46. Exempt mandate. Notwithstanding Sections 6 and | ||||||
| 23 | 8 of this Act, no reimbursement by the State is required for | ||||||
| 24 | the implementation of any mandate created by this amendatory | ||||||
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| 1 | Act of the 102nd General Assembly.
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| 2 | Section 99. Effective date. This Act takes effect upon | ||||||
| 3 | becoming law.
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