Sen. John J. Cullerton
Filed: 4/28/2004
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1 | AMENDMENT TO HOUSE BILL 1269
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2 | AMENDMENT NO. ______. Amend House Bill 1269 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 17-142.1
as follows:
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6 | (40 ILCS 5/17-142.1) (from Ch. 108 1/2, par. 17-142.1)
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7 | Sec. 17-142.1. To defray health insurance costs. To provide | ||||||
8 | for the
partial reimbursement of health insurance costs.
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9 | (1) On the first day of September of each year, beginning | ||||||
10 | in 1988,
the Board may, by separate warrant, pay to each | ||||||
11 | recipient of a service
retirement, disability retirement or | ||||||
12 | survivor's pension an amount to be
determined by the Board, | ||||||
13 | which shall represent partial reimbursement for
the cost of the | ||||||
14 | recipient's health insurance coverage.
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15 | (2) In lieu of the annual payment authorized in subdivision | ||||||
16 | (1), for
pensioners enrolled in the Fund's regular health care | ||||||
17 | deduction plans, the
Fund may pay the health insurance premium | ||||||
18 | reimbursement on a monthly rather
than annual basis, at the | ||||||
19 | percentage rate established from time to time by
the Board. If | ||||||
20 | the Board so directs, these monthly payments may be made in
the | ||||||
21 | form of a direct payment of premium and a reduction in the | ||||||
22 | amount
deducted from the annuity, rather than in the form of | ||||||
23 | reimbursement by
separate warrant.
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1 | (3) Total payments under this Section in any year may not | ||||||
2 | exceed
$65,000,000
$40,000,000 plus any amount that was | ||||||
3 | authorized to be paid
under this Section in the preceding year | ||||||
4 | but was not actually paid by the
Board , including any interest | ||||||
5 | earned thereon .
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6 | (4) The total amount of payments under this Section in any | ||||||
7 | year may not exceed 75% of the total cost of health insurance | ||||||
8 | coverage in that year for all the recipients who receive | ||||||
9 | payments authorized by this Section in that year.
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10 | (Source: P.A. 90-566, eff. 1-2-98; 91-852, eff. 6-22-00.)
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11 | Section 90. The State Mandates Act is amended by adding | ||||||
12 | Section 8.28 as
follows:
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13 | (30 ILCS 805/8.28 new)
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14 | Sec. 8.28. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
15 | of this
Act, no reimbursement by the State is required for the | ||||||
16 | implementation of
any mandate created by this amendatory Act of | ||||||
17 | the 93rd General Assembly.
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18 | Section 99. Effective date. This Act takes effect upon | ||||||
19 | becoming law.".
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