Bill Text: IL HB4467 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: Amends the General Assembly and Judges Articles of the Pension Code. Provides that no participant may accrue service credit and no benefits may be paid to any retiree or survivor. Provides that the Court of Claims shall direct the refund of participant pension contributions. Repeals the General Assembly and Judges Articles 2 years after the effective date of the amendatory Act. Effective immediately.

Sponsorship: Partisan Bill (Republican 1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB4467 Detail]

Download: Illinois-2013-HB4467-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 HB4467 Introduced , by Rep. Dwight Kay SYNOPSIS AS INTRODUCED:
30 ILCS 105/5.830 new
30 ILCS 105/5.831 new
40 ILCS 5/2-100 new
40 ILCS 5/2-163 new
40 ILCS 5/18-100 new
40 ILCS 5/18-170 new
Amends the General Assembly and Judges Articles of the Pension Code. Provides that no participant may accrue service credit and no benefits may be paid to any retiree or survivor. Provides that the Court of Claims shall direct the refund of participant pension contributions. Repeals the General Assembly and Judges Articles 2 years after the effective date of the amendatory Act. Effective immediately.
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FISCAL NOTE ACT MAY APPLY PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
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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 State Finance Act is amended by adding
Sections 5.830 and 5.831 as follows:
(30 ILCS 105/5.830 new)
Sec. 5.830. The Article 2 Pension Contribution Refund Fund.
(30 ILCS 105/5.831 new)
Sec. 5.831. The Article 18 Pension Contribution Refund
Fund.
Section 10. The Illinois Pension Code is amended by adding
Sections 2-100, 2-163, 18-100, and 18-170 as follows:
(40 ILCS 5/2-100 new)
Sec. 2-100. Termination of benefits; refund of
contributions. Notwithstanding any provision of law to the
contrary:
(a) Except as otherwise provided in this Section, on
and after the effective date of this amendatory Act of the
98th General Assembly, no participant shall accrue service
credit under this Article and no participant or survivor of

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a participant shall receive any benefit under this Article,
including, but not limited to, a retirement, reversionary,
or survivor's annuity.
(b) On the effective date of this amendatory Act of the
98th General Assembly, all funds held by or on behalf of
the System are transferred to a special fund in the State
treasury, which shall be known as the Article 2 Pension
Contribution Refund Fund. Distributions from the Article 2
Pension Contribution Refund Fund shall be made at the
direction of the Court of Claims or as provided in
subsection (d) of this Section.
(c) For the period prior to one year after the
effective date of this amendatory Act of the 98th General
Assembly, any participant, annuitant, refund beneficiary,
or other beneficiary may apply to the Court of Claims to
receive the refund of the contributions actually made by
the participant or annuitant that have not already been
paid in the form of benefits. No refunds shall be made for
contributions made by the State, whether in the form of
participant contributions or otherwise. The Court of
Claims shall have the authority to order distributions from
the Article 2 Pension Contribution Refund Fund to make such
refunds, and no other funds may be used for that purpose.
(d) As soon as all orders for payment entered by the
Court of Claims under subsection (c) of this Section have
been complied with, any funds remaining in the Article 2

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Pension Contribution Refund Fund shall be paid into the
General Revenue Fund.
(40 ILCS 5/2-163 new)
Sec. 2-163. Repealer. This Article 2 is repealed 2 years
after the effective date of this amendatory Act of the 98th
General Assembly.
(40 ILCS 5/18-100 new)
Sec. 18-100. Termination of benefits; refund of
contributions. Notwithstanding any provision of law to the
contrary:
(a) Except as otherwise provided in this Section, on
and after the effective date of this amendatory Act of the
98th General Assembly, no participant shall accrue service
credit under this Article and no participant or survivor of
a participant shall receive any benefit under this Article,
including, but not limited to, a retirement, reversionary,
or survivor's annuity.
(b) On the effective date of this amendatory Act of the
98th General Assembly, all funds held by or on behalf of
the System are transferred to a special fund in the State
treasury, which shall be known as the Article 18 Pension
Contribution Refund Fund. Distributions from the Article
18 Pension Contribution Refund Fund shall be made at the
direction of the Court of Claims or as provided in

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subsection (d) of this Section.
(c) For the period prior to one year after the
effective date of this amendatory Act of the 98th General
Assembly, any participant, annuitant, refund beneficiary,
or other beneficiary may apply to the Court of Claims to
receive the refund of the contributions actually made by
the participant or annuitant that have not already been
paid in the form of benefits. No refunds shall be made for
contributions made by the State, whether in the form of
participant contributions or otherwise. The Court of
Claims shall have the authority to order distributions from
the Article 18 Pension Contribution Refund Fund to make
such refunds, and no other funds may be used for that
purpose.
(d) As soon as all orders for payment entered by the
Court of Claims under subsection (c) of this Section have
been complied with, any funds remaining in the Article 18
Pension Contribution Refund Fund shall be paid into the
General Revenue Fund.
(40 ILCS 5/18-170 new)
Sec. 18-170. Repealer. This Article 18 is repealed 2 years
after the effective date of this amendatory Act of the 98th
General Assembly.
Section 99. Effective date. This Act takes effect upon
becoming law.