Bill Text: IL HB3051 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Chicago Police Article of the Illinois Pension Code. Provides that the amount of the annuity of a widow of a policeman who first became a participant of the fund before January 1, 2011 and the annual increases in that annuity shall be equal to the annuity and annual increases provided for the widow of a policeman who first became a participant of the fund on or after that date.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2013-01-08 - Session Sine Die [HB3051 Detail]

Download: Illinois-2011-HB3051-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB3051 Introduced , by Rep. Joseph M. Lyons SYNOPSIS AS INTRODUCED:
40 ILCS 5/5-136.2 new
Amends the Chicago Police Article of the Illinois Pension Code. Provides that the amount of the annuity of a widow of a policeman who first became a participant of the fund before January 1, 2011 and the annual increases in that annuity shall be equal to the annuity and annual increases provided for the widow of a policeman who first became a participant of the fund on or after that date.
LRB097 09738 JDS 49875 b
FISCAL NOTE ACT MAY APPLY PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB3051 LRB097 09738 JDS 49875 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by adding
Section 5-136.2 as follows:
(40 ILCS 5/5-136.2 new)
Sec. 5-136.2. Parity of widows' annuities.
(a) Notwithstanding any other provision of this Article,
for a widow of a policeman who first became a participant of
the fund before January 1, 2011, the annuity to which the widow
is entitled shall be in the amount of 66 2/3% of the
policeman's earned annuity at the date of death. The provisions
of this Section apply without regard to whether the policeman
is in service on its effective date. In the case of a person
who is receiving a widows' annuity on the effective date of
this amendatory Act of the 97th General Assembly, the annuity
shall be recalculated to reflect, (i) the changes made by this
Section in the amount of the original annuity and (ii) any
annual increases that the annuitant is entitled to under this
Act, and the resulting increase shall become payable on the
next annuity payment date.
(b) Notwithstanding any other provision of this Article,
the monthly annuity of a widow of a person who first became a

HB3051 - 2 - LRB097 09738 JDS 49875 b
policeman under this Article before January 1, 2011 shall be
increased on January 1, 2013 or the January 1 after attainment
of age 60 by the recipient of the survivor's annuity, whichever
occurs later, and each January 1 thereafter by 3% or one-half
the annual unadjusted percentage increase (but not less than
zero) in the consumer price index-u for the 12 months ending
with the September preceding each November 1, whichever is
less, of the originally granted annuity. If the annual
unadjusted percentage change in the consumer price index-u for
a 12-month period ending in September is zero or, when compared
with the preceding period, decreases, then the annuity shall
not be increased.
(c) For the purposes of this Section, "consumer price
index-u" means the index published by the Bureau of Labor
Statistics of the United States Department of Labor that
measures the average change in prices of goods and services
purchased by all urban consumers, United States city average,
all items, 1982-84 = 100. The new amount resulting from each
annual adjustment shall be determined by the Public Pension
Division of the Department of Insurance and made available to
the boards of the pension funds.