HB3646 EngrossedLRB103 29153 RPS 55539 b HB3646 Engrossed LRB103 29153 RPS 55539 b
HB3646 Engrossed LRB103 29153 RPS 55539 b
1 AN ACT concerning 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 8-230.1 as follows:
6 (40 ILCS 5/8-230.1) (from Ch. 108 1/2, par. 8-230.1)
7 Sec. 8-230.1. Right of employees to contribute for certain
8 other service. Any employee in the service, after having made
9 contributions covering a period of 10 or more years to the
10 annuity and benefit fund herein provided for, may elect to pay
11 for and receive credit for all annuity purposes for service
12 theretofore rendered by the employee to the Chicago Transit
13 Authority created by the Metropolitan Transit Authority Act or
14 its predecessor public utilities; provided that the last 5
15 years of service prior to retirement on annuity shall have
16 been as an employee of the City and a contributor to this Fund.
17 Such service credit may be paid for and granted on the same
18 basis and conditions as are applicable in the case of
19 employees who make payment for past service under the
20 provisions of Section 8-230, but on the assumption that the
21 employee's salary throughout all of his or her service with
22 the Authority or its predecessor public utilities was at the
23 rate of the employee's salary at the later of the date of his
HB3646 Engrossed LRB103 29153 RPS 55539 b
HB3646 Engrossed- 2 -LRB103 29153 RPS 55539 b HB3646 Engrossed - 2 - LRB103 29153 RPS 55539 b
HB3646 Engrossed - 2 - LRB103 29153 RPS 55539 b
1 or her entrance or reentrance into the service as a municipal
2 employee, as applicable. In no event, however, shall such
3 service be credited if the employee has not forfeited and
4 relinquished pension credit for service covering such period
5 under any pension or retirement plan applicable to the
6 Authority or its predecessor public utilities and instituted
7 and maintained by the Authority or its predecessor public
8 utilities for the benefit of its employees.
9 (Source: P.A. 90-655, eff. 7-30-98.)
10 Section 90. The State Mandates Act is amended by adding
11 Section 8.47 as follows:
12 (30 ILCS 805/8.47 new)
13 Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and
14 8 of this Act, no reimbursement by the State is required for
15 the implementation of any mandate created by this amendatory
16 Act of the 103rd General Assembly.
HB3646 Engrossed - 2 - LRB103 29153 RPS 55539 b