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91_HB3097
LRB9109807EGfg
1 AN ACT to amend the Illinois Pension Code by changing
2 Section 6-128.2 and to amend the State Mandates Act.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by
6 changing Section 6-128.2 as follows:
7 (40 ILCS 5/6-128.2) (from Ch. 108 1/2, par. 6-128.2)
8 Sec. 6-128.2. Minimum retirement annuities.
9 (a) Beginning with the monthly payment due in January,
10 1988, the monthly annuity payment for any person who is
11 entitled to receive a retirement annuity under this Article
12 in January, 1990 and has retired from service at age 50 or
13 over with 20 or more years of service, and for any person who
14 retires from service on or after January 24, 1990 at age 50
15 or over with 20 or more years of service, shall not be less
16 than $475 per month. The $475 minimum annuity is exclusive of
17 any automatic annual increases provided by Sections 6-164 and
18 6-164.1, but not exclusive of previous raises in the minimum
19 annuity as provided by any Section of this Article.
20 Beginning January 1, 1992, the minimum retirement annuity
21 payable to any person who has retired from service at age 50
22 or over with 20 or more years of service and is entitled to
23 receive a retirement annuity under this Article on that date,
24 or who retires from service at age 50 or over with 20 or more
25 years of service after that date, shall be $650 per month.
26 Beginning January 1, 1993, the minimum retirement annuity
27 payable to any person who has retired from service at age 50
28 or over with 20 or more years of service and is entitled to
29 receive a retirement annuity under this Article on that date,
30 or who retires from service at age 50 or over with 20 or more
31 years of service after that date, shall be $750 per month.
-2- LRB9109807EGfg
1 Beginning January 1, 1994, the minimum retirement annuity
2 payable to any person who has retired from service at age 50
3 or over with 20 or more years of service and is entitled to
4 receive a retirement annuity under this Article on that date,
5 or who retires from service at age 50 or over with 20 or more
6 years of service after that date, shall be $850 per month.
7 Beginning January 1, 2000, the minimum retirement annuity
8 payable to any person who has retired from service at age 50
9 or over with 20 or more years of service and is entitled to
10 receive a retirement annuity under this Article on that date,
11 or who retires from service at age 50 or over with 20 or more
12 years of service after that date, shall be $1,000 per month.
13 Beginning January 1, 2001, the minimum retirement annuity
14 payable to any person who has retired from service at age 50
15 or over with 20 or more years of service and is entitled to
16 receive a retirement annuity under this Article on that date,
17 or who retires from service at age 50 or over with 20 or more
18 years of service after that date, shall be $1,200 per month.
19 The minimum annuities established by this subsection (a)
20 do include previous raises in the minimum annuity as provided
21 by any Section of this Article, but do not include any sums
22 which have been added or will be added to annuity payments by
23 the automatic annual increases provided by Sections 6-164 and
24 6-164.1. Such annual increases shall be paid in addition to
25 the minimum amounts specified in this subsection.
26 (b) Notwithstanding any other provision of this Article,
27 beginning January 1, 1990, the minimum retirement annuity
28 payable to any person who is entitled to receive a retirement
29 annuity under this Article on that date shall be $475 per
30 month.
31 (c) The changes made to this Section by this amendatory
32 Act of the 91st General Assembly shall apply to all persons
33 receiving a retirement annuity under this Article, without
34 regard to whether the retirement of the fireman occurred
-3- LRB9109807EGfg
1 prior to the effective date of this amendatory Act of 1993.
2 (Source: P.A. 86-273; 86-1027; 86-1028; 86-1475; 87-849;
3 87-1265.)
4 Section 90. The State Mandates Act is amended by adding
5 Section 8.24 as follows:
6 (30 ILCS 805/8.24 new)
7 Sec. 8.24. Exempt mandate. Notwithstanding Sections 6
8 and 8 of this Act, no reimbursement by the State is required
9 for the implementation of any mandate created by this
10 amendatory Act of the 91st General Assembly.
11 Section 99. Effective date. This Act takes effect upon
12 becoming law.