Bill Text: IL SB2264 | 2023-2024 | 103rd General Assembly | Engrossed
Bill Title: Amends the Cook County Article of the Illinois Pension Code. Provides that a contributing employee may elect to purchase creditable service for up to 48 months of active-duty military service, whether or not that service followed service as a county employee. Provides that to establish this creditable service, the contributing employee must pay to the Fund an amount determined by the Fund to represent the employee contributions for the creditable service based on his or her rate of compensation after the military service, plus interest at the effective rate from the date of discharge to the date of payment. Removes an existing provision concerning the purchase of service credit for military service. Amends the State Mandates Act to require implementation without reimbursement.
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Engrossed) 2023-05-08 - Alternate Chief Sponsor Changed to Rep. Stephanie A. Kifowit [SB2264 Detail]
Download: Illinois-2023-SB2264-Engrossed.html
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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by | ||||||
5 | changing Section 9-179.1 as follows:
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6 | (40 ILCS 5/9-179.1) (from Ch. 108 1/2, par. 9-179.1)
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7 | Sec. 9-179.1. Military service. A contributing employee | ||||||
8 | may elect to purchase creditable service for up to 48 months of | ||||||
9 | active-duty military service, whether or not that service | ||||||
10 | followed service as a county employee. To establish this | ||||||
11 | creditable service, the contributing employee must pay to the | ||||||
12 | Fund an amount determined by the Fund to represent the | ||||||
13 | employee contributions for the creditable service based on his | ||||||
14 | or her rate of compensation after the military service, plus | ||||||
15 | interest at the effective rate from the date of discharge to | ||||||
16 | the date of payment. A contributing employee as of January 1,
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17 | 1993 with at least 25 years of service credit may apply for | ||||||
18 | creditable
service for up to 2 years of military service | ||||||
19 | whether or not the military
service followed service as a | ||||||
20 | county employee. The military service need
not have been | ||||||
21 | served in wartime, but the employee must not have been
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22 | dishonorably discharged. To establish this creditable service | ||||||
23 | the
applicant must pay to the Fund, while in the service of the |
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1 | county, an
amount determined by the Fund to represent the | ||||||
2 | employee contributions for
the creditable service established, | ||||||
3 | based on the employee's rate of
compensation on his or her last | ||||||
4 | day as a contributor before the military
service, or on his or | ||||||
5 | her first day as a contributor after the military
service, | ||||||
6 | whichever is greater, plus interest at the effective rate from | ||||||
7 | the
date of discharge to the date of payment. If a person who | ||||||
8 | has established
any credit under this Section applies for or | ||||||
9 | receives any early retirement
incentive under Section 9-134.2, | ||||||
10 | the credit under this Section shall be
forfeited and the | ||||||
11 | amount paid to the Fund under this Section shall be
refunded.
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12 | (Source: P.A. 87-1265.)
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13 | Section 90. The State Mandates Act is amended by adding | ||||||
14 | Section 8.47 as follows:
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15 | (30 ILCS 805/8.47 new) | ||||||
16 | Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and | ||||||
17 | 8 of this Act, no reimbursement by the State is required for | ||||||
18 | the implementation of any mandate created by this amendatory | ||||||
19 | Act of the 103rd General Assembly.
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