Bill Text: IL HB1191 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides for an annual increase in a retirement annuity at age 55 if the fireman was born before January 1, 1961 (was, before January 1, 1955). Compounds the automatic annual increase in a retirement annuity at age 65. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB1191 Detail]
Download: Illinois-2009-HB1191-Introduced.html
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| 1 | AN ACT concerning public employee benefits.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||||
| 5 | Section 6-164 as follows:
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| 6 | (40 ILCS 5/6-164)
(from Ch. 108 1/2, par. 6-164)
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| 7 | Sec. 6-164. Automatic annual increase; retirement after | ||||||||||||||||||||||||||
| 8 | September 1, 1959.
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| 9 | (a) A fireman qualifying for a minimum annuity who retires | ||||||||||||||||||||||||||
| 10 | from service
after September 1, 1959 shall, upon either the | ||||||||||||||||||||||||||
| 11 | first of the month following the
first anniversary of his date | ||||||||||||||||||||||||||
| 12 | of retirement if he is age 60 (age 55 if born
before January 1, | ||||||||||||||||||||||||||
| 13 | 1961 1955) or over on that anniversary date, or upon
the first | ||||||||||||||||||||||||||
| 14 | of the month following his attainment of age 60 (age 55 if born
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| 15 | before January 1, 1961 1955) if that occurs after the first | ||||||||||||||||||||||||||
| 16 | anniversary
of his retirement date, have his then fixed and | ||||||||||||||||||||||||||
| 17 | payable monthly annuity
increased by 1 1/2%, and such first | ||||||||||||||||||||||||||
| 18 | fixed annuity as granted at retirement
increased by an | ||||||||||||||||||||||||||
| 19 | additional 1 1/2% in January of each year thereafter up to a
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| 20 | maximum increase of 30%.
Beginning July 1, 1982 for firemen | ||||||||||||||||||||||||||
| 21 | born before January 1, 1930, and beginning
January 1, 1990 for | ||||||||||||||||||||||||||
| 22 | firemen born after December 31, 1929 and before January 1,
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| 23 | 1940, and beginning January 1, 1996 for firemen born after | ||||||||||||||||||||||||||
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| 1 | December 31, 1939
but before January 1, 1945, and beginning | ||||||
| 2 | January 1, 2004, for firemen born
after December 31, 1944 but | ||||||
| 3 | before January 1, 1955, and beginning January 1, 2010 for | ||||||
| 4 | firemen born after December 31, 1954 but before January 1, | ||||||
| 5 | 1961, such increases shall be
3% and such firemen shall not be | ||||||
| 6 | subject to the 30% maximum increase.
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| 7 | Any fireman born before January 1, 1945 who qualifies for a | ||||||
| 8 | minimum annuity
and retires after September 1, 1967 but has not | ||||||
| 9 | received the initial increase
under this subsection before | ||||||
| 10 | January 1, 1996 is entitled to receive the initial
increase | ||||||
| 11 | under this subsection on (1) January 1, 1996, (2) the first
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| 12 | anniversary of the date of retirement, or (3) attainment of age | ||||||
| 13 | 55, whichever
occurs last. The changes to this Section made by | ||||||
| 14 | this amendatory Act of 1995
apply beginning January 1, 1996 and | ||||||
| 15 | apply without regard to whether the fireman
or annuitant | ||||||
| 16 | terminated service before the effective date of this amendatory
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| 17 | Act of 1995.
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| 18 | Any fireman born before January 1, 1955 who qualifies for a | ||||||
| 19 | minimum
annuity and retires after September 1, 1967 but has not | ||||||
| 20 | received the initial
increase under this subsection before | ||||||
| 21 | January 1, 2004 is entitled to receive
the initial increase | ||||||
| 22 | under this subsection on (1) January 1, 2004, (2) the
first | ||||||
| 23 | anniversary of the date of retirement, or (3) attainment of age | ||||||
| 24 | 55,
whichever occurs last. The changes to this Section made by | ||||||
| 25 | this amendatory
Act of the 93rd General Assembly apply without | ||||||
| 26 | regard to whether the fireman
or annuitant terminated service | ||||||
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| 1 | before the effective date of this amendatory
Act.
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| 2 | Any fireman born before January 1, 1961 who qualifies for a | ||||||
| 3 | minimum
annuity and retires after September 1, 1967 but has not | ||||||
| 4 | received the initial
increase under this subsection before | ||||||
| 5 | January 1, 2010 is entitled to receive
the initial increase | ||||||
| 6 | under this subsection on (1) January 1, 2010, (2) the
first | ||||||
| 7 | anniversary of the date of retirement, or (3) attainment of age | ||||||
| 8 | 55,
whichever occurs last. The changes to this Section made by | ||||||
| 9 | this amendatory
Act of the 96th General Assembly apply without | ||||||
| 10 | regard to whether the fireman
or annuitant terminated service | ||||||
| 11 | before the effective date of this amendatory
Act. | ||||||
| 12 | Beginning January 1,
2010, the increases provided under | ||||||
| 13 | this subsection (a) for a fireman who is age 65 or older shall | ||||||
| 14 | be 3%
of the total amount of annuity payable at the time of the
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| 15 | increase, including any previous increases granted under this | ||||||
| 16 | Article. | ||||||
| 17 | (b) Subsection (a) of this Section is
not applicable to an | ||||||
| 18 | employee receiving a term annuity.
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| 19 | (c) To help defray the cost of such increases in annuity, | ||||||
| 20 | there
shall be deducted, beginning September 1, 1959, from each | ||||||
| 21 | payment of salary
to a fireman, 1/8 of 1% of each such salary | ||||||
| 22 | payment and an additional 1/8
of 1% beginning on September 1, | ||||||
| 23 | 1961, and September 1, 1963, respectively,
concurrently with | ||||||
| 24 | and in addition to the salary deductions otherwise made
for | ||||||
| 25 | annuity purposes.
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| 26 | Each such additional 1/8 of 1% deduction from salary which | ||||||
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| 1 | shall, on
September 1, 1963, result in a total increase of 3/8 | ||||||
| 2 | of 1% of salary,
shall be credited to the Automatic Increase | ||||||
| 3 | Reserve, to be used,
together with city contributions as | ||||||
| 4 | provided in this Article, to defray
the cost of the 1 1/2% | ||||||
| 5 | annuity increments herein specified. Any balance
in such | ||||||
| 6 | reserve as of the beginning of each calendar year shall be
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| 7 | credited with interest at the rate of 3% per annum.
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| 8 | The salary deductions provided in this Section are not | ||||||
| 9 | subject to
refund, except to the fireman himself, in any case | ||||||
| 10 | in which a fireman
withdraws prior to qualification for minimum | ||||||
| 11 | annuity and applies for
refund, or applies for annuity, and | ||||||
| 12 | also where a term annuity becomes
payable. In such cases, the | ||||||
| 13 | total of such salary deductions shall be
refunded to the | ||||||
| 14 | fireman, without interest, and charged to the
aforementioned | ||||||
| 15 | reserve.
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| 16 | (Source: P.A. 93-654, eff. 1-16-04.)
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| 17 | Section 90. The State Mandates Act is amended by adding | ||||||
| 18 | Section 8.33 as follows:
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| 19 | (30 ILCS 805/8.33 new) | ||||||
| 20 | Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
| 21 | of this Act, no reimbursement by the State is required for the | ||||||
| 22 | implementation of any mandate created by this amendatory Act of | ||||||
| 23 | the 96th General Assembly.
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| 24 | Section 99. Effective date. This Act takes effect upon | ||||||
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| 1 | becoming law.
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