Bill Amendment: IL SB0734 | 2023-2024 | 103rd General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: PUBLIC EMPLOYEE BENEFITS-TECH
Status: 2023-08-04 - Public Act . . . . . . . . . 103-0481 [SB0734 Detail]
Download: Illinois-2023-SB0734-Senate_Amendment_001.html
Bill Title: PUBLIC EMPLOYEE BENEFITS-TECH
Status: 2023-08-04 - Public Act . . . . . . . . . 103-0481 [SB0734 Detail]
Download: Illinois-2023-SB0734-Senate_Amendment_001.html
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1 | AMENDMENT TO SENATE BILL 734
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2 | AMENDMENT NO. ______. Amend Senate Bill 734 by replacing | ||||||
3 | everything after the enacting clause with the following:
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4 | "Section 5. The Illinois Pension Code is amended by | ||||||
5 | changing Section 8-230.1 as follows:
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6 | (40 ILCS 5/8-230.1) (from Ch. 108 1/2, par. 8-230.1)
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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
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12 | theretofore rendered by the employee to the Chicago Transit
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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.
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1 | Such service credit may be paid for and granted on the same | ||||||
2 | basis and
conditions as are applicable in the case of | ||||||
3 | employees who make payment for
past service under the | ||||||
4 | provisions of Section 8-230, but on the assumption that the | ||||||
5 | employee's salary
throughout all of his or her service with | ||||||
6 | the Authority or its
predecessor public utilities was at the | ||||||
7 | rate of the employee's
salary at the later of the date of his | ||||||
8 | or her entrance or reentrance into the service as a municipal
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9 | employee , as applicable . In no event, however, shall such | ||||||
10 | service be credited if the employee
has not forfeited and | ||||||
11 | relinquished pension credit for service
covering such period | ||||||
12 | under any pension or retirement plan applicable
to the | ||||||
13 | Authority or its predecessor public utilities and
instituted | ||||||
14 | and maintained by the Authority or its predecessor
public | ||||||
15 | utilities for the benefit of its employees.
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16 | (Source: P.A. 90-655, eff. 7-30-98.)
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17 | Section 90. The State Mandates Act is amended by adding | ||||||
18 | Section 8.47 as follows:
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19 | (30 ILCS 805/8.47 new) | ||||||
20 | Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and | ||||||
21 | 8 of this Act, no reimbursement by the State is required for | ||||||
22 | the implementation of any mandate created by this amendatory | ||||||
23 | Act of the 103rd General Assembly. ".
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