4 | | - | AN ACT concerning public employee benefits. |
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5 | | - | Be it enacted by the People of the State of Illinois, |
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6 | | - | represented in the General Assembly: |
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7 | | - | Section 5. The Illinois Pension Code is amended by |
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8 | | - | changing Section 8-230.1 as follows: |
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9 | | - | (40 ILCS 5/8-230.1) (from Ch. 108 1/2, par. 8-230.1) |
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10 | | - | Sec. 8-230.1. Right of employees to contribute for certain |
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11 | | - | other service. Any employee in the service, after having made |
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12 | | - | contributions covering a period of 10 or more years to the |
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13 | | - | annuity and benefit fund herein provided for, may elect to pay |
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14 | | - | for and receive credit for all annuity purposes for service |
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15 | | - | theretofore rendered by the employee to the Chicago Transit |
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16 | | - | Authority created by the Metropolitan Transit Authority Act or |
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17 | | - | its predecessor public utilities; provided that the last 5 |
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18 | | - | years of service prior to retirement on annuity shall have |
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19 | | - | been as an employee of the City and a contributor to this Fund. |
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20 | | - | Such service credit may be paid for and granted on the same |
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21 | | - | basis and conditions as are applicable in the case of |
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22 | | - | employees who make payment for past service under the |
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23 | | - | provisions of Section 8-230, but on the assumption that the |
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24 | | - | employee's salary throughout all of his or her service with |
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25 | | - | the Authority or its predecessor public utilities was at the |
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26 | | - | rate of the employee's salary at the later of the date of his |
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| 3 | + | 1 AN ACT concerning public employee benefits. |
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| 4 | + | 2 Be it enacted by the People of the State of Illinois, |
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| 5 | + | 3 represented in the General Assembly: |
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| 6 | + | 4 Section 5. The Illinois Pension Code is amended by |
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| 7 | + | 5 changing Section 8-230.1 as follows: |
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| 8 | + | 6 (40 ILCS 5/8-230.1) (from Ch. 108 1/2, par. 8-230.1) |
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| 9 | + | 7 Sec. 8-230.1. Right of employees to contribute for certain |
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| 10 | + | 8 other service. Any employee in the service, after having made |
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| 11 | + | 9 contributions covering a period of 10 or more years to the |
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| 12 | + | 10 annuity and benefit fund herein provided for, may elect to pay |
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| 13 | + | 11 for and receive credit for all annuity purposes for service |
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| 14 | + | 12 theretofore rendered by the employee to the Chicago Transit |
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| 15 | + | 13 Authority created by the Metropolitan Transit Authority Act or |
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| 16 | + | 14 its predecessor public utilities; provided that the last 5 |
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| 17 | + | 15 years of service prior to retirement on annuity shall have |
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| 18 | + | 16 been as an employee of the City and a contributor to this Fund. |
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| 19 | + | 17 Such service credit may be paid for and granted on the same |
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| 20 | + | 18 basis and conditions as are applicable in the case of |
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| 21 | + | 19 employees who make payment for past service under the |
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| 22 | + | 20 provisions of Section 8-230, but on the assumption that the |
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| 23 | + | 21 employee's salary throughout all of his or her service with |
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| 24 | + | 22 the Authority or its predecessor public utilities was at the |
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| 25 | + | 23 rate of the employee's salary at the later of the date of his |
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33 | | - | or her entrance or reentrance into the service as a municipal |
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34 | | - | employee, as applicable. In no event, however, shall such |
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35 | | - | service be credited if the employee has not forfeited and |
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36 | | - | relinquished pension credit for service covering such period |
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37 | | - | under any pension or retirement plan applicable to the |
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38 | | - | Authority or its predecessor public utilities and instituted |
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39 | | - | and maintained by the Authority or its predecessor public |
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40 | | - | utilities for the benefit of its employees. |
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41 | | - | (Source: P.A. 90-655, eff. 7-30-98.) |
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42 | | - | Section 90. The State Mandates Act is amended by adding |
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43 | | - | Section 8.47 as follows: |
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44 | | - | (30 ILCS 805/8.47 new) |
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45 | | - | Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and |
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46 | | - | 8 of this Act, no reimbursement by the State is required for |
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47 | | - | the implementation of any mandate created by this amendatory |
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48 | | - | Act of the 103rd General Assembly. |
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| 32 | + | HB3646 Enrolled- 2 -LRB103 29153 RPS 55539 b HB3646 Enrolled - 2 - LRB103 29153 RPS 55539 b |
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| 33 | + | HB3646 Enrolled - 2 - LRB103 29153 RPS 55539 b |
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| 34 | + | 1 or her entrance or reentrance into the service as a municipal |
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| 35 | + | 2 employee, as applicable. In no event, however, shall such |
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| 36 | + | 3 service be credited if the employee has not forfeited and |
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| 37 | + | 4 relinquished pension credit for service covering such period |
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| 38 | + | 5 under any pension or retirement plan applicable to the |
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| 39 | + | 6 Authority or its predecessor public utilities and instituted |
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| 40 | + | 7 and maintained by the Authority or its predecessor public |
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| 41 | + | 8 utilities for the benefit of its employees. |
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| 42 | + | 9 (Source: P.A. 90-655, eff. 7-30-98.) |
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| 43 | + | 10 Section 90. The State Mandates Act is amended by adding |
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| 44 | + | 11 Section 8.47 as follows: |
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| 45 | + | 12 (30 ILCS 805/8.47 new) |
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| 46 | + | 13 Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and |
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| 47 | + | 14 8 of this Act, no reimbursement by the State is required for |
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| 48 | + | 15 the implementation of any mandate created by this amendatory |
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| 49 | + | 16 Act of the 103rd General Assembly. |
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| 50 | + | |
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| 51 | + | |
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| 52 | + | |
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| 53 | + | |
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| 54 | + | |
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| 55 | + | HB3646 Enrolled - 2 - LRB103 29153 RPS 55539 b |
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