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| Public Act 102-0836 | ||||
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AN ACT concerning public employee benefits.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Pension Code is amended by | ||||
changing Section 6-158 as follows:
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(40 ILCS 5/6-158) (from Ch. 108 1/2, par. 6-158)
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Sec. 6-158. Refund.
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(a) A fireman who withdraws before age 50 and a fireman | ||||
with less than
10 years of service who withdraws before age 57, | ||||
or any fireman who
withdraws and enters the service of another | ||||
department of the city, has a
right to a refund of the entire | ||||
amount to his credit as of the date of
withdrawal for age and | ||||
service annuity or Tier 2 monthly retirement annuity, for | ||||
automatic annual increase in annuity as provided in Section | ||||
6-164, and for widow's annuity or Tier 2 surviving spouse's | ||||
annuity, from deductions
from salary.
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(b) Any such fireman shall be entitled to refund until he | ||||
re-enters
service or until his annuity is fixed.
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(c) A fireman who receives a refund forfeits all rights to | ||||
any annuity
or benefit from the fund, for himself and for any | ||||
other person who might
benefit through him because of his | ||||
service, provided he shall retain the
right to credit for any | ||||
such service, for the purpose of computing his
total service | ||||
if he re-enters service before age 57, becomes a beneficiary
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of the fund and makes repayment of the refund with interest.
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(d) A fireman completing 10 years of service who does not | ||
receive a
refund, may receive an annuity as provided in this | ||
Article.
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(e) A fireman completing less than 10 years who does not | ||
receive a
refund has a right to have all amounts to his credit | ||
for annuity purposes
on the date of withdrawal improved by | ||
interest while he is out of service
until age 57 only, for his | ||
benefit and the benefit of any person who may
have any right to | ||
annuity through him, if he subsequently reenters service
and | ||
attains a right to annuity.
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(f) The changes made to this Section by this amendatory | ||
Act of the 102nd General Assembly are intended to be a | ||
restatement and clarification of existing law and are intended | ||
to be retroactive to August 6, 2021 (the effective date of | ||
Public Act 102-293). | ||
(Source: P.A. 102-293, eff. 8-6-21.)
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Section 90. The State Mandates Act is amended by adding | ||
Section 8.46 as follows: | ||
(30 ILCS 805/8.46 new) | ||
Sec. 8.46. 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 102nd General Assembly.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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