Bill Text: IL SB2809 | 2013-2014 | 98th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Cook County Article of the Illinois Pension Code. Requires the annual audit of the Fund to be published on the Fund's website.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Passed) 2014-12-29 - Public Act . . . . . . . . . 98-1137 [SB2809 Detail]
Download: Illinois-2013-SB2809-Amended.html
Bill Title: Amends the Cook County Article of the Illinois Pension Code. Requires the annual audit of the Fund to be published on the Fund's website.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Passed) 2014-12-29 - Public Act . . . . . . . . . 98-1137 [SB2809 Detail]
Download: Illinois-2013-SB2809-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 2809
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 2809 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The Illinois Pension Code is amended by | ||||||
| 5 | changing Section 9-179.2 as follows:
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| 6 | (40 ILCS 5/9-179.2) (from Ch. 108 1/2, par. 9-179.2)
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| 7 | Sec. 9-179.2. Other governmental service - Former County
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| 8 | Service. Any employee who (i) first became a contributor before | ||||||
| 9 | the effective date of this amendatory Act of the 98th General | ||||||
| 10 | Assembly, (ii) has rendered service to any
"governmental unit" | ||||||
| 11 | as such term is defined in the
"Retirement Systems Reciprocal | ||||||
| 12 | Act" under Article 20 of the
Illinois Pension Code, (iii) who | ||||||
| 13 | did not contribute to the retirement
system of such | ||||||
| 14 | "governmental unit", including the retirement
system created | ||||||
| 15 | by this Article 9 of the Illinois Pension code,
for such | ||||||
| 16 | service because of ineligibility for participation, and
(iv) | ||||||
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| 1 | has no equity or rights in such retirement system because of
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| 2 | such service shall be given credit for such service in this
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| 3 | fund, provided that:
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| 4 | (a) the The employee shall pay to this fund, while in | ||||||
| 5 | the
service of such county, or while in the service of a
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| 6 | governmental unit whose retirement system has adopted the
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| 7 | "Retirement Systems Reciprocal Act", such amounts, | ||||||
| 8 | including
interest at the effective rate, as he would have | ||||||
| 9 | paid to this
fund, on the basis of his salary in effect | ||||||
| 10 | during the service
rendered to such other "governmental | ||||||
| 11 | unit" at the rates
prescribed in this Article 9 for the | ||||||
| 12 | periods
of such service, to the end that such service shall | ||||||
| 13 | be
considered as service rendered to such county, with all | ||||||
| 14 | the
rights and
conditions attaching to such service
and | ||||||
| 15 | payments; and | ||||||
| 16 | (b) this Section shall not be applicable to
any period | ||||||
| 17 | of such service for which the employee retains credit
in | ||||||
| 18 | any other public annuity and benefit fund established by | ||||||
| 19 | Act
of the Legislature of this State and in operation for | ||||||
| 20 | employees
of such other "governmental unit" from which such | ||||||
| 21 | employee was
transferred.
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| 22 | (Source: P.A. 90-655, eff. 7-30-98.)
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| 23 | Section 99. Effective date. This Act takes effect upon | ||||||
| 24 | becoming law.".
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