Bill Text: IL HB4852 | 2019-2020 | 101st General Assembly | Introduced


Bill Title: Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that within 6 months after the effective date of the amendatory Act, a person may transfer to a fund established under the Downstate Police Article creditable service accumulated under IMRF for service as a sheriff's law enforcement employee, person employed by a participating municipality to perform police duties, or law enforcement officer employed on a full-time basis by a forest preserve district upon payment to the police pension fund of a specified amount to be determined by the board. Provides that any person applying to transfer service under the provisions may reinstate credits and creditable service under IMRF that were terminated upon receipt of a separation benefit by paying to IMRF the amount of the separation benefit plus interest thereon at the actuarially assumed rate of interest to the date of payment. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB4852 Detail]

Download: Illinois-2019-HB4852-Introduced.html


101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4852

Introduced , by Rep. Katie Stuart

SYNOPSIS AS INTRODUCED:
40 ILCS 5/3-110.10
40 ILCS 5/7-139.14 new
30 ILCS 805/8.44 new

Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that within 6 months after the effective date of the amendatory Act, a person may transfer to a fund established under the Downstate Police Article creditable service accumulated under IMRF for service as a sheriff's law enforcement employee, person employed by a participating municipality to perform police duties, or law enforcement officer employed on a full-time basis by a forest preserve district upon payment to the police pension fund of a specified amount to be determined by the board. Provides that any person applying to transfer service under the provisions may reinstate credits and creditable service under IMRF that were terminated upon receipt of a separation benefit by paying to IMRF the amount of the separation benefit plus interest thereon at the actuarially assumed rate of interest to the date of payment. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
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FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

A BILL FOR

HB4852LRB101 20478 RPS 70054 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 changing
5Section 3-110.10 and by adding Section 7-139.14 as follows:
6 (40 ILCS 5/3-110.10)
7 Sec. 3-110.10. Transfer from Article 7. Until January 1,
82009, a person may transfer to a fund established under this
9Article up to 8 years of creditable service accumulated under
10Article 7 of this Code upon payment to the fund of an amount to
11be determined by the board, equal to (i) the difference between
12the amount of employee and employer contributions transferred
13to the fund under Section 7-139.11 and the amounts that would
14have been contributed had such contributions been made at the
15rates applicable to an employee under this Article, plus (ii)
16interest thereon at the actuarially assumed rate, compounded
17annually, from the date of service to the date of payment.
18 No later than 6 months after the effective date of this
19amendatory Act of the 101st General Assembly, a person may
20transfer to a fund established under this Article creditable
21service accumulated under Article 7 of this Code for service as
22a sheriff's law enforcement employee, person employed by a
23participating municipality to perform police duties, or law

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1enforcement officer employed on a full-time basis by a forest
2preserve district upon payment to the fund of an amount to be
3determined by the board, equal to (i) the difference between
4the amount of employee and employer contributions transferred
5to the fund under Section 7-139.14 and the amounts that would
6have been contributed had such contributions been made at the
7rates applicable to an employee under this Article, plus (ii)
8interest thereon at the actuarially assumed rate, compounded
9annually, from the date of service to the date of payment.
10(Source: P.A. 95-530, eff. 8-28-07; 95-876, eff. 8-21-08;
1195-1036, eff. 2-17-09.)
12 (40 ILCS 5/7-139.14 new)
13 Sec. 7-139.14. Transfer to Article 3 pension fund.
14 (a) Within 6 months after the effective date of this
15amendatory Act of the 101st General Assembly, an active member
16of a pension fund established under Article 3 of this Code may
17apply for transfer to that Article 3 pension fund of his or her
18credits and creditable service accumulated in this Fund for
19service as a sheriff's law enforcement employee, person
20employed by a participating municipality to perform police
21duties, or law enforcement officer employed on a full-time
22basis by a forest preserve district. The creditable service
23shall be transferred only upon payment by this Fund to such
24Article 3 pension fund of an amount equal to:
25 (1) the amounts accumulated to the credit of the

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1 applicant for the service to be transferred, including
2 interest; and
3 (2) an amount representing employer contributions,
4 equal to the total amount determined under item (1); and
5 (3) any interest paid by the applicant to reinstate
6 such service.
7 Participation in this Fund as to any credits transferred
8under this Section shall terminate on the date of transfer.
9 (b) Notwithstanding any other provision of this Code, any
10person applying to transfer service under this Section may
11reinstate credits and creditable service terminated upon
12receipt of a separation benefit by paying to the Fund the
13amount of the separation benefit plus interest thereon at the
14actuarially assumed rate of interest to the date of payment.
15Such payment must be made within 90 days after notification by
16the Fund of the cost of such reinstatement.
17 Section 90. The State Mandates Act is amended by adding
18Section 8.44 as follows:
19 (30 ILCS 805/8.44 new)
20 Sec. 8.44. Exempt mandate. Notwithstanding Sections 6 and 8
21of this Act, no reimbursement by the State is required for the
22implementation of any mandate created by this amendatory Act of
23the 101st General Assembly.
24 Section 99. Effective date. This Act takes effect upon

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1becoming law.
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