HB5289 100TH GENERAL ASSEMBLY

LRB100 19099 RPS 34356 b

100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB5289

Introduced , by Rep. Robert Martwick

SYNOPSIS AS INTRODUCED:

40 ILCS 5/6-164.3 new
30 ILCS 805/8.42 new

Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides for noncompounded 3% automatic annual increases in all widow's annuities (other than term annuities) upon the widow's attainment of age 60 or the tenth anniversary of the fireman's death, whichever occurs later. Provides that the increases apply without regard to whether the deceased fireman is in service on or after the effective date of the amendatory Act. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

A BILL FOR

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 adding Section 6-164.3 as follows:

(40 ILCS 5/6-164.3 new)

Sec. 6-164.3. Automatic annual increase in widow's annuity.

(a) Every widow's annuity, other than a term annuity, shall be increased on January 1, 2019 or the January 1 occurring on or immediately after the tenth anniversary of the deceased fireman's death or the widow's attainment of age 60, whichever occurs later, and on each subsequent January 1, by an amount equal to 3% of the original amount of the widow's annuity.

(b) Limitations on the maximum amount of widow's annuity imposed under this Article do not apply to the annual increases provided under this Section.

(c) The increases provided under this Section do apply to minimum widow's annuities. The increases provided under this Section do not apply to term annuities. The increases provided under this Section do apply without regard to whether the deceased fireman is in service on or after the effective date of this amendatory Act of the 100th General Assembly.

Section 90. The State Mandates Act is amended by adding Section 8.42 as follows:

(30 ILCS 805/8.42 new)

Sec. 8.42. 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 100th General Assembly.

Section 99. Effective date. This Act takes effect upon becoming law.