Bill Text: IL HB2071 | 2019-2020 | 101st General Assembly | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Cook County Article of the Illinois Pension Code. Provides that a participant may establish service credit and earnings credit for periods of furlough beginning on or after December 1, 2017 and ending on or before November 30, 2018 if the participant applies before December 31, 2019, makes a specified contribution, and meets other criteria. Provides that a participant may establish earnings credit for periods of salary reduction beginning on or after December 1, 2017 and ending on or before November 30, 2018 if the participant applies before December 31, 2019, makes a specified contribution, and meets other criteria. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2019-06-07 - Public Act . . . . . . . . . 101-0011 [HB2071 Detail]

Download: Illinois-2019-HB2071-Engrossed.html



HB2071 EngrossedLRB101 04625 RPS 49633 b
1 AN ACT concerning public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by adding
5Section 9-179.4 as follows:
6 (40 ILCS 5/9-179.4 new)
7 Sec. 9-179.4. Service for periods of furlough or salary
8reduction.
9 (a) A participant may establish service credit and earnings
10credit for periods of furlough beginning on or after December
111, 2017 and ending on or before November 30, 2018. To receive
12this credit, the participant must (i) apply in writing to the
13Fund before December 31, 2019; (ii) not receive compensation
14from the county for any furlough period; and (iii) make, on an
15after-tax basis, employee contributions required under this
16Article based on his or her salary during the periods of
17furlough, plus an amount determined by the Board to be equal to
18the employer's normal cost of the benefit, plus compounded
19interest at the actuarially assumed rate from the date of
20furlough to the date of payment. The participant shall provide,
21at the time of application, written certification from the
22county providing the total number of furlough days a
23participant has been required to take.

HB2071 Engrossed- 2 -LRB101 04625 RPS 49633 b
1 (b) A participant may establish earnings credit for periods
2of salary reduction beginning on or after December 1, 2017 and
3ending on or before November 30, 2018
. To receive this credit,
4the participant must: (1) apply in writing to the Fund before
5December 31, 2019; and (2) make, on an after-tax basis,
6employee contributions required under this Article based on the
7reduction in salary, plus an amount determined by the Board to
8be equal to the employer's normal cost of the benefit, plus
9compounded interest at the actuarially assumed rate from the
10date of reduction in salary to the date of payment. The
11participant shall provide, at the time of application, written
12certification from the county providing the total reduction in
13salary per pay period for each pay period with a reduction in
14salary.
15 Section 90. The State Mandates Act is amended by adding
16Section 8.43 as follows:
17 (30 ILCS 805/8.43 new)
18 Sec. 8.43. Exempt mandate. Notwithstanding Sections 6 and 8
19of this Act, no reimbursement by the State is required for the
20implementation of any mandate created by this amendatory Act of
21the 101st General Assembly.
22 Section 99. Effective date. This Act takes effect upon
23becoming law.
feedback