Bill Text: IL HB1515 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: Amends the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code. Provides that the Retirement Systems Reciprocal Act (Article 20 of the Code) is adopted and made a part of the Chicago Police and Chicago Firefighter Articles, but only with respect to a person who, on or after the effective date of the amendatory Act, is entitled under the Chicago Police or Chicago Firefighter Article to begin receiving a retirement annuity or survivor's annuity and who elects to proceed under the Retirement Systems Reciprocal Act. Amends the State Mandates Act to require implementation without reimbursement by the State.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee [HB1515 Detail]
Download: Illinois-2023-HB1515-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 adding | ||||||||||||||||||||||||||||
5 | Sections 5-240 and 6-235 as follows:
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6 | (40 ILCS 5/5-240 new) | ||||||||||||||||||||||||||||
7 | Sec. 5-240. Retirement Systems Reciprocal Act. The | ||||||||||||||||||||||||||||
8 | Retirement Systems Reciprocal Act, Article 20 of this Code, is | ||||||||||||||||||||||||||||
9 | adopted and made a part of this Article, but only with respect | ||||||||||||||||||||||||||||
10 | to a person who, on or after the effective date of this | ||||||||||||||||||||||||||||
11 | amendatory Act of the 103rd General Assembly, is entitled | ||||||||||||||||||||||||||||
12 | under this Article to begin receiving a retirement annuity or | ||||||||||||||||||||||||||||
13 | survivor's annuity (as those terms are defined in Article 20) | ||||||||||||||||||||||||||||
14 | and who elects to proceed under the Retirement Systems | ||||||||||||||||||||||||||||
15 | Reciprocal Act.
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16 | (40 ILCS 5/6-235 new) | ||||||||||||||||||||||||||||
17 | Sec. 6-235. Retirement Systems Reciprocal Act. The | ||||||||||||||||||||||||||||
18 | Retirement Systems Reciprocal Act, Article 20 of this Code, is | ||||||||||||||||||||||||||||
19 | adopted and made a part of this Article, but only with respect | ||||||||||||||||||||||||||||
20 | to a person who, on or after the effective date of this | ||||||||||||||||||||||||||||
21 | amendatory Act of the 103rd General Assembly, is entitled | ||||||||||||||||||||||||||||
22 | under this Article to begin receiving a retirement annuity or |
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1 | survivor's annuity (as those terms are defined in Article 20) | ||||||
2 | and who elects to proceed under the Retirement Systems | ||||||
3 | Reciprocal Act.
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4 | Section 90. The State Mandates Act is amended by adding | ||||||
5 | Section 8.47 as follows:
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6 | (30 ILCS 805/8.47 new) | ||||||
7 | Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and | ||||||
8 | 8 of this Act, no reimbursement by the State is required for | ||||||
9 | the implementation of any mandate created by this amendatory | ||||||
10 | Act of the 103rd General Assembly.
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