Bill Text: IL HB1291 | 2009-2010 | 96th General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Chicago Firefighters Article of the Illinois Pension Code. Allows an active fireman to establish a maximum of 24 months of additional service credit attributed to service in the armed forces of the United States that was served prior to employment by the city as a firefighter. Requires contribution of employee contributions and employer contributions, plus interest. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Passed) 2009-08-11 - Public Act . . . . . . . . . 96-0260 [HB1291 Detail]
Download: Illinois-2009-HB1291-Introduced.html
Bill Title: Amends the Chicago Firefighters Article of the Illinois Pension Code. Allows an active fireman to establish a maximum of 24 months of additional service credit attributed to service in the armed forces of the United States that was served prior to employment by the city as a firefighter. Requires contribution of employee contributions and employer contributions, plus interest. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Passed) 2009-08-11 - Public Act . . . . . . . . . 96-0260 [HB1291 Detail]
Download: Illinois-2009-HB1291-Introduced.html
|
|||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
1 | AN ACT concerning public employment 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 adding | ||||||||||||||||||||||||||
5 | Section 6-210.4 as follows:
| ||||||||||||||||||||||||||
6 | (40 ILCS 5/6-210.4 new) | ||||||||||||||||||||||||||
7 | Sec. 6-210.4. Creditable service for pre-employment | ||||||||||||||||||||||||||
8 | military service. An active fireman may establish a maximum of | ||||||||||||||||||||||||||
9 | 24 months of additional service credit attributed to service in | ||||||||||||||||||||||||||
10 | the armed forces of the United States that was served prior to | ||||||||||||||||||||||||||
11 | employment by the city as a firefighter by applying in writing | ||||||||||||||||||||||||||
12 | to the fund and, after substantiation of any such requested | ||||||||||||||||||||||||||
13 | service, making contributions to the fund equal to (i) the | ||||||||||||||||||||||||||
14 | employee contributions that would have been required had the | ||||||||||||||||||||||||||
15 | service been rendered as a member, plus (ii) an amount | ||||||||||||||||||||||||||
16 | determined by the fund to be equal to the employer's normal | ||||||||||||||||||||||||||
17 | cost of the benefits accrued for that military service, plus | ||||||||||||||||||||||||||
18 | (iii) interest at the actuarially assumed rate provided in the | ||||||||||||||||||||||||||
19 | Fund's most recent annual actuarial valuation, compounded | ||||||||||||||||||||||||||
20 | annually from the first date of membership in the fund to the | ||||||||||||||||||||||||||
21 | date of payment on items (i) and (ii). | ||||||||||||||||||||||||||
22 | This Section applies only to firemen in service on or after | ||||||||||||||||||||||||||
23 | its effective date.
|
| |||||||
| |||||||
1 | Section 90. The State Mandates Act is amended by adding | ||||||
2 | Section 8.33 as follows:
| ||||||
3 | (30 ILCS 805/8.33 new) | ||||||
4 | Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
5 | of this Act, no reimbursement by the State is required for the | ||||||
6 | implementation of any mandate created by this amendatory Act of | ||||||
7 | the 96th General Assembly.
| ||||||
8 | Section 99. Effective date. This Act takes effect upon | ||||||
9 | becoming law.
|