093_HB3185
LRB093 07925 EFG 08116 b
1 AN ACT in relation to public employee benefits.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Illinois Pension Code is amended by
5 changing Section 15-113.3 as follows:
6 (40 ILCS 5/15-113.3) (from Ch. 108 1/2, par. 15-113.3)
7 Sec. 15-113.3. Service for periods of military service.
8 "Service for periods of military service": Those periods,
9 not exceeding 5 years, during which a person served in the
10 armed forces of the United States, of which all but 2 years
11 must have immediately followed a period of employment with an
12 employer under this System or the State Employees' Retirement
13 System of Illinois; provided that the person received a
14 discharge other than dishonorable and again became an
15 employee under this System within one year after discharge.
16 However, for the up to 2 years of military service not
17 immediately following employment, the applicant must make
18 contributions to the System (1) at the rates provided in
19 Section 15-157 based upon the employee's basic compensation
20 on the last date as a participating employee prior to such
21 military service, or on the first date as a participating
22 employee after such military service, whichever is greater,
23 plus (2) an amount determined by the board to be equal to the
24 employer's normal cost of the benefits accrued for such
25 military service, plus (3) interest on items (1) and (2) at
26 the effective rate from the later of the date of first
27 membership in the System or the date of conclusion of
28 military service to the date of payment. The changes change
29 in the required contribution for purchased military credit
30 made by Public Act 87-1265 and this amendatory Act of the
31 93rd General Assembly do 1993 does not entitle any person to
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1 a refund of contributions already paid.
2 The changes to this Section made by Public Act 87-794
3 this amendatory Act of 1991 shall apply not only to persons
4 who on or after its effective date are in service under the
5 System, but also to persons whose employment terminated prior
6 to that date, whether or not the person is an annuitant on
7 that date. In the case of an annuitant who applies for
8 credit allowable under this Section for a period of military
9 service that did not immediately follow employment, and who
10 has made the required contributions for such credit, the
11 annuity shall be recalculated to include the additional
12 service credit, with the increase taking effect on the date
13 the System received written notification of the annuitant's
14 intent to purchase the credit, if payment of all the required
15 contributions is made within 60 days of such notice, or else
16 on the first annuity payment date following the date of
17 payment of the required contributions. In calculating the
18 automatic annual increase for an annuity that has been
19 recalculated under this Section, the increase attributable to
20 the additional service allowable under this amendatory Act of
21 1991 shall be included in the calculation of automatic annual
22 increases accruing after the effective date of the
23 recalculation.
24 (Source: P.A. 90-65, eff. 7-7-97; 90-511, eff. 8-22-97.)
25 Section 99. Effective date. This Act takes effect upon
26 becoming law.