Bill Text: IL SB0435 | 2015-2016 | 99th General Assembly | Introduced

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Bill Title: Amends the State Employees Article of the Illinois Pension Code. Makes a technical change in a Section concerning federal or out-of-state employment.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2017-01-09 - Rule 2-10 Committee/3rd Reading Deadline Established As January 10, 2017 [SB0435 Detail]

Download: Illinois-2015-SB0435-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 SB0435 Introduced 1/28/2015, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
40 ILCS 5/14-104.10
Amends the State Employees Article of the Illinois Pension Code. Makes a technical change in a Section concerning federal or out-of-state employment.
LRB099 03100 RPS 23108 b
PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB0435 LRB099 03100 RPS 23108 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 changing
Section 14-104.10 as follows:
(40 ILCS 5/14-104.10)
Sec. 14-104.10. Federal or out-of-state employment. A
contributing employee may establish additional service credit
for periods of full-time employment by the the federal
government or a unit of state or local government located
outside Illinois for which he or she does not qualify for
credit under any other provision of this Article, provided that
(i) the amount of service credit established by a person under
this Section shall not exceed 8 years or 40% of his or her
membership service under this Article, whichever is less, (ii)
the amount of service credit established by a person under this
Section for federal employment, when added to the amount of all
military service credit granted to the person under this
Article, shall not exceed 8 years, and (iii) any credit
received for the federal or out-of-state employment in any
federal or other public employee pension fund or retirement
system has been terminated or relinquished. Credit may not be
established under this Section for any period of military

SB0435 - 2 - LRB099 03100 RPS 23108 b
service or for any period for which credit has been or may be
established under Section 14-110 or any other provision of this
Article.
In order to establish service credit under this Section,
the applicant must submit a written application to the System
by June 30, 1999, including documentation of the federal or
out-of-state employment satisfactory to the Board, and pay to
the System (1) employee contributions at the rates provided in
this Article based upon the person's salary on the last day as
a participating employee prior to the federal or out-of-state
employment, or on the first day as a participating employee
after that employment, whichever is greater, plus (2) an amount
determined by the Board to be equal to the employer's normal
cost of the benefits accrued for that employment, plus (3)
regular interest on items (1) and (2) from the date of
conclusion of the employment to the date of payment.
(Source: P.A. 90-32, eff. 6-27-97; 90-655, eff. 7-30-98;
90-766, eff. 8-14-98.)