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92_HB4146
LRB9212542EGfg
1 AN ACT in relation to public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by
5 changing Sections 6-210.1 and 8-172 and adding Sections
6 6-210.2 and 8-172.1 as follows:
7 (40 ILCS 5/6-210.1) (from Ch. 108 1/2, par. 6-210.1)
8 Sec. 6-210.1. Credit for former employment with the fire
9 department.
10 (a) Any fireman who (1) accumulated service credit in
11 the Article 8 fund for service as an employee of the Chicago
12 Fire Department and (2) has terminated that Article 8 service
13 credit and received a refund of contributions therefor, may
14 establish service credit in this Fund for all or any part of
15 that period of service under the Article 8 fund by making
16 written application to the Board by January 1, 2000 and
17 paying to this Fund (i) employee contributions based upon the
18 actual salary received and the rates in effect for members of
19 this Fund at the time of such service, plus (ii) interest
20 thereon calculated as follows:
21 (1) For applications received by the Board before
22 July 14, the effective date of this amendatory Act of
23 1995, interest shall be calculated on the amount of
24 employee contributions determined under item (i) above,
25 at the rate of 4% per annum, compounded annually, from
26 the date of termination of such service to the date of
27 payment.
28 (2) For applications received by the Board on or
29 after July 14, the effective date of this amendatory Act
30 of 1995, interest shall be calculated on the amount of
31 employee contributions determined under item (i) above,
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1 at the rate of 4% per annum, compounded annually, from
2 the first date of the period for which credit is being
3 established under this subsection (a) to the date of
4 payment.
5 (b) A fireman who, at any time during the period 1970
6 through 1983, was an employee of the Chicago Fire Department
7 but did not participate in any pension fund subject to this
8 Code with respect to that employment may establish service
9 credit in this Fund for all or any part of that employment by
10 making written application to the Board by January 1, 2000
11 and paying to this Fund (i) employee contributions based upon
12 the actual salary received and the rates in effect for
13 members of this Fund at the time of that employment, plus
14 (ii) interest thereon calculated at the rate of 4% per annum,
15 compounded annually, from the first date of the employment
16 for which credit is being established under this subsection
17 (b) to the date of payment.
18 (c) A fireman may pay the contributions required for
19 service credit under this Section established on or after
20 July 14, the effective date of this amendatory Act of 1995 in
21 the form of payroll deductions, in accordance with such
22 procedures and limitations as may be established by Board
23 rule and any applicable rules or ordinances of the employer.
24 (d) Employer contributions shall be transferred as
25 provided in Sections 6-210.2 and 8-172.1. The employer shall
26 not be responsible for making any additional employer
27 contributions for any credit established under this Section.
28 (Source: P.A. 89-136, eff. 7-14-95.)
29 (40 ILCS 5/6-210.2 new)
30 Sec. 6-210.2. City contributions for paramedics.
31 Municipality credits computed and credited under Article 8
32 for all firemen who (1) accumulated service credit in the
33 Article 8 fund for service as a paramedic, (2) have
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1 terminated that Article 8 service credit and received a
2 refund of contributions, and (3) are participants in this
3 Article 6 fund on the effective date of this amendatory Act
4 of the 92nd General Assembly shall be transferred by the
5 Article 8 fund to this Fund, together with interest at the
6 rate of 11% per annum, compounded annually, to the date of
7 the transfer, as provided in Section 8-172.1 of this Code.
8 These city contributions shall be credited to the individual
9 fireman only if he or she pays for prior service as a
10 paramedic in full to this Fund.
11 (40 ILCS 5/8-172) (from Ch. 108 1/2, par. 8-172)
12 Sec. 8-172. Refunds - Transfer of city contributions.
13 Whenever any amount is refunded as provided in Sections 8-168
14 and 8-169, except in the case of a male employee who becomes
15 a widower while in service after he becomes age 65, the
16 amounts to the credit of the male employee from contributions
17 by the city, shall be transferred to the prior service
18 annuity reserve. Thereafter, except as otherwise provided in
19 Section 8-172.1, any such amounts shall become a credit to
20 the city and, with interest thereon at the effective rate, be
21 used to reduce the amount which the city would otherwise pay
22 during a succeeding year.
23 (Source: Laws 1963, p. 161.)
24 (40 ILCS 5/8-172.1 new)
25 Sec. 8-172.1. Transfer of city contributions for
26 paramedics.
27 (a) Municipality credits computed and credited under
28 this Article 8 for all persons who (1) accumulated service
29 credit in this Article 8 fund for service as a paramedic, (2)
30 have terminated that Article 8 service credit and received a
31 refund of contributions, and (3) are participants in the
32 Article 6 fund on the effective date of this amendatory Act
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1 of the 92nd General Assembly shall be transferred by this
2 Article 8 fund to the Article 6 fund together with interest
3 at the rate of 11% per annum, compounded annually, to the
4 date of transfer. The city shall not be responsible for
5 making any additional employer contributions to the Fund to
6 replace the amounts transferred under this Section.
7 (b) Municipality credits computed and credited under
8 this Article 8 for all persons who (1) accumulated service
9 credit in this Article 8 fund for service as a paramedic, (2)
10 have terminated that Article 8 service credit and received a
11 refund of contributions, and (3) are not participants in the
12 Article 6 fund on the effective date of this amendatory Act
13 of the 92nd General Assembly shall be used as provided in
14 Section 8-172.
15 Section 90. The State Mandates Act is amended by adding
16 Section 8.26 as follows:
17 (30 ILCS 805/8.26 new)
18 Sec. 8.26. Exempt mandate. Notwithstanding Sections 6
19 and 8 of this Act, no reimbursement by the State is required
20 for the implementation of any mandate created by this
21 amendatory Act of the 92nd General Assembly.
22 Section 99. Effective date. This Act takes effect upon
23 becoming law.