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91_SB1051
LRB9105904EGfg
1 AN ACT to amend the Illinois Pension Code and the State
2 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 8-230.1 as follows:
7 (40 ILCS 5/8-230.1) (from Ch. 108 1/2, par. 8-230.1)
8 Sec. 8-230.1. Right of employees to contribute for
9 certain other service. Any employee in the service, after
10 having made contributions covering a period of 10 or more
11 years to the annuity and benefit fund herein provided for,
12 may elect to pay for and receive credit for all annuity
13 purposes for service theretofore rendered by the employee to
14 the Chicago Transit Authority created by the Metropolitan
15 Transit Authority Act or its predecessor public utilities;
16 provided that the last 5 years of service prior to retirement
17 on annuity shall have been as an employee of the City and a
18 contributor to this Fund. Such service credit may be paid
19 for and granted on the same basis and conditions as are
20 applicable in the case of employees who make payment for past
21 service under the provisions of Section 8-230, but on the
22 assumption that the employee's salary throughout all of his
23 or her service with the Authority or its predecessor public
24 utilities was at the rate of the employee's salary at the
25 date of his or her entrance into the service as a municipal
26 employee. In no event, however, shall such service be
27 credited if the employee has not forfeited and relinquished
28 pension credit for service covering such period under any
29 pension or retirement plan applicable to the Authority or its
30 predecessor public utilities and instituted and maintained by
31 the Authority or its predecessor public utilities for the
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1 benefit of its employees.
2 If the application to establish credit under this Section
3 is received by the Fund on or after the effective date of
4 this amendatory Act of the 91st General Assembly and before
5 July 1, 2000, no contribution from the employee is required
6 to establish credit for service rendered by the employee to
7 the Chicago Transit Authority during the period July 1, 1974
8 through August 31, 1978. This amendatory Act does not
9 entitle any person to a refund of contributions already paid
10 for credit previously established under this Section.
11 (Source: P.A. 90-655, eff. 7-30-98.)
12 Section 90. The State Mandates Act is amended by adding
13 Section 8.23 as follows:
14 (30 ILCS 805/8.23 new)
15 Sec. 8.23. Exempt mandate. Notwithstanding Sections 6
16 and 8 of this Act, no reimbursement by the State is required
17 for the implementation of any mandate created by this
18 amendatory Act of the 91st General Assembly.
19 Section 99. Effective date. This Act takes effect upon
20 becoming law.