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92_SB2070
LRB9215793EGfg
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 Section 7-137.1 as follows:
6 (40 ILCS 5/7-137.1) (from Ch. 108 1/2, par. 7-137.1)
7 Sec. 7-137.1. Elected officials.
8 (a) A person holding an elective office who has elected
9 to participate in the Fund while in that office may revoke
10 that election and cease participating in the Fund by
11 notifying the Board in writing before January 1, 1992.
12 Upon such revocation, the person shall forfeit all
13 creditable service earned while holding that office, and the
14 Board shall refund to the person, without interest, all
15 employee contributions paid for the forfeited creditable
16 service. The Board shall also refund or credit to the
17 employing municipality, without interest, the employer
18 contributions relating to the forfeited service, except those
19 for death and disability.
20 (b) Notwithstanding the provisions of Sections 7-141 and
21 7-144, beginning January 1, 1992, a person who holds an
22 elective office and has not elected to participate in the
23 Fund with respect to that term of office (or has revoked his
24 election to participate with respect to that term of office
25 under subsection (a) of this Section) shall not be
26 disqualified from receiving a retirement annuity during that
27 term of office by reason of holding that such office,
28 provided that the annuity is not based on any credits
29 received for participating during while holding that term of
30 office.
31 (Source: P.A. 87-740.)
-2- LRB9215793EGfg
1 Section 90. The State Mandates Act is amended by adding
2 Section 8.26 as follows:
3 (30 ILCS 805/8.26 new)
4 Sec. 8.26. Exempt mandate. Notwithstanding Sections 6
5 and 8 of this Act, no reimbursement by the State is required
6 for the implementation of any mandate created by this
7 amendatory Act of the 92nd General Assembly.
8 Section 99. Effective date. This Act takes effect upon
9 becoming law.