Bill Text: IL HB4828 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Chicago Teacher Article of the Illinois Pension Code. Accelerates the initial annual increase in retirement pension to the January following the first anniversary of retirement. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-12 - Referred to Rules Committee [HB4828 Detail]

Download: Illinois-2009-HB4828-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB4828 Introduced 1/12/2010, by Rep. Robert Rita SYNOPSIS AS INTRODUCED:
40 ILCS 5/17-119 from Ch. 108 1/2, par. 17-119
30 ILCS 805/8.34 new
Amends the Chicago Teacher Article of the Illinois Pension Code. Accelerates the initial annual increase in retirement pension to the January following the first anniversary of retirement. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
LRB096 16363 AMC 31627 b
FISCAL NOTE ACT MAY APPLY PENSION IMPACT NOTE ACT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
A BILL FOR
HB4828 LRB096 16363 AMC 31627 b
AN ACT in relation to 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 changing
Section 17-119 as follows:
(40 ILCS 5/17-119) (from Ch. 108 1/2, par. 17-119)
Sec. 17-119. Automatic annual increase in pension.
(a) Each teacher retiring on or after September 1, 1959, is
entitled to the annual increase in pension, defined herein,
while he is receiving a pension from the Fund.
1. The term "base pension" means a service retirement
or disability retirement pension in the amount fixed and
payable at the date of retirement of a teacher.
2. The annual increase in pension shall be at the rate
of 1 1/2% of base pension. This increase shall first occur
in January of the year next following the first anniversary
of retirement. At such time the Fund shall pay the pro rata
part of the increase for the period from the first
anniversary date to the date of the first increase in
pension. Beginning January 1, 1972, the rate of annual
increase in pension shall be 2% of the base pension.
Beginning January 1, 1979, the rate of annual increase in
pension shall be 3% of the base pension. Beginning January

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1, 1990, all automatic annual increases payable under this
Section shall be calculated as a percentage of the total
pension payable at the time of the increase, including all
increases previously granted under this Article,
notwithstanding Section 17-157.
3. For a retired teacher who withdraws from service
before January 1, 2011, an increase in pension shall be
granted only if the retired teacher is age 60 or over. If
the teacher attains age 60 after retirement, the increase
in pension shall begin in January of the year following the
61st birthday. At such time the Fund also shall pay the pro
rata part of the increase from the 61st birthday to the
date of first increase in pension.
For a retired teacher who withdraws from service on or
after January 1, 2011, the increase in pension shall begin
in the January next following the first anniversary of
retirement. At such time the Fund shall also pay the pro
rata part of the increase from the first anniversary of
retirement to the date of first increase in pension.
(b) In addition to other increases which may be provided by
this Section, on January 1, 1981 any teacher who was receiving
a retirement pension on or before January 1, 1971 shall have
his retirement pension then being paid increased $1 per month
for each year of creditable service. On January 1, 1982, any
teacher whose retirement pension began on or before January 1,
1977, shall have his retirement pension then being paid

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increased $1 per month for each year of creditable service.
On January 1, 1987, any teacher whose retirement pension
began on or before January 1, 1977, shall have the monthly
retirement pension increased by an amount equal to 8¢ per year
of creditable service times the number of years that have
elapsed since the retirement pension began.
(Source: P.A. 90-566, eff. 1-2-98.)
Section 90. The State Mandates Act is amended by adding
Section 8.34 as follows:
(30 ILCS 805/8.34 new)
Sec. 8.34. Exempt mandate. Notwithstanding Sections 6 and 8
of this Act, no reimbursement by the State is required for the
implementation of any mandate created by this amendatory Act of
the 96th General Assembly.
Section 99. Effective date. This Act takes effect upon