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| 1 | AN ACT concerning public employee benefits.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||||||
| 5 | Sections 3-103, 3-125, and 3-145 as follows:
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| 6 | (40 ILCS 5/3-103) (from Ch. 108 1/2, par. 3-103)
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| 7 | Sec. 3-103. Municipality. "Municipality": (1) Any city, | ||||||||||||||||||||||||||||
| 8 | village or incorporated town of 5,000
or more but less than | ||||||||||||||||||||||||||||
| 9 | 500,000 inhabitants,
as determined from the United
States | ||||||||||||||||||||||||||||
| 10 | Government statistics or a census taken at any time by the | ||||||||||||||||||||||||||||
| 11 | city,
village or incorporated town,
and (2) any city, village | ||||||||||||||||||||||||||||
| 12 | or incorporated
town of
less than 5,000 inhabitants which, by | ||||||||||||||||||||||||||||
| 13 | referendum held under subsection (a) of Section 3-145
adopts | ||||||||||||||||||||||||||||
| 14 | this Article, and (3) any city, village, or incorporated town | ||||||||||||||||||||||||||||
| 15 | of less than 5,000 inhabitants that is located within a county | ||||||||||||||||||||||||||||
| 16 | that is subject to the limitations of the Property Tax | ||||||||||||||||||||||||||||
| 17 | Extension Limitation Law and that, in accordance with | ||||||||||||||||||||||||||||
| 18 | subsection (b) of Section 3-145, adopts this Article by | ||||||||||||||||||||||||||||
| 19 | resolution or ordinance..
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| 20 | (Source: P.A. 83-1440.)
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| 21 | (40 ILCS 5/3-125) (from Ch. 108 1/2, par. 3-125)
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| 22 | Sec. 3-125. Financing. Except as otherwise provided in | ||||||||||||||||||||||||||||
| 23 | subsection (b) of Section 3-145, the
The city council or the | ||||||||||||||||||||||||||||
| 24 | board of trustees of
the municipality shall annually levy a tax | ||||||||||||||||||||||||||||
| 25 | upon all
the taxable property of the municipality at the rate | ||||||||||||||||||||||||||||
| 26 | on the dollar which
will produce an amount which, when added to | ||||||||||||||||||||||||||||
| 27 | the deductions from the salaries
or wages of police officers, | ||||||||||||||||||||||||||||
| 28 | and revenues
available from other
sources, will equal a sum | ||||||||||||||||||||||||||||
| 29 | sufficient to meet
the annual requirements of the police | ||||||||||||||||||||||||||||
| 30 | pension fund. The annual
requirements to be provided by such | ||||||||||||||||||||||||||||
| 31 | tax levy are equal
to (1) the normal cost of the pension fund | ||||||||||||||||||||||||||||
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| 1 | for the year involved, plus
(2) the amount necessary to | ||||||
| 2 | amortize the fund's unfunded accrued liabilities
as provided in | ||||||
| 3 | Section 3-127. The tax shall be levied and
collected in the | ||||||
| 4 | same manner as the general taxes
of the municipality, and in | ||||||
| 5 | addition to all other taxes now or hereafter authorized to
be | ||||||
| 6 | levied upon all property within the municipality, and shall be | ||||||
| 7 | in
addition to the amount authorized to be levied for general | ||||||
| 8 | purposes as
provided by Section 8-3-1 of the Illinois Municipal | ||||||
| 9 | Code, approved May
29, 1961, as amended.
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| 10 | The police pension fund shall consist of the following | ||||||
| 11 | moneys which
shall be set apart by the treasurer of the | ||||||
| 12 | municipality:
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| 13 | (1) All moneys derived from the taxes levied hereunder;
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| 14 | (2) Contributions by police officers under Section | ||||||
| 15 | 3-125.1;
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| 16 | (3) All moneys accumulated by the municipality under any | ||||||
| 17 | previous
legislation establishing a fund for the benefit of | ||||||
| 18 | disabled or retired
police officers;
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| 19 | (4) Donations, gifts or other transfers authorized by this
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| 20 | Article.
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| 21 | (Source: P.A. 83-1440.)
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| 22 | (40 ILCS 5/3-145) (from Ch. 108 1/2, par. 3-145)
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| 23 | Sec. 3-145. Election to participate
Referendum in | ||||||
| 24 | municipalities less than 5,000.
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| 25 | (a) Except as provided in subsection (b), this
This Article
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| 26 | shall not be effective in any
municipality having a population | ||||||
| 27 | of less than 5,000 unless the
proposition to adopt the Article | ||||||
| 28 | is submitted
to and approved
by the voters of the municipality | ||||||
| 29 | in the manner herein provided.
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| 30 | Whenever the electors of the municipality, equal in number | ||||||
| 31 | to 5% of
the number of legal votes cast at the last preceding | ||||||
| 32 | general municipal
election, petition the city, village or town | ||||||
| 33 | clerk to submit the proposition
whether
that municipality shall | ||||||
| 34 | adopt this Article, the officer to whom the
petition is | ||||||
| 35 | addressed shall certify the proposition to the proper election
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| 1 | officials who shall submit the proposition in accordance
with | ||||||
| 2 | the general election law at a regular election in the | ||||||
| 3 | municipality
provided that notice of the referendum, if held
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| 4 | before July 1, 1999,
has been given in accordance with the | ||||||
| 5 | provisions of Section
12-5
of the Election Code in effect at | ||||||
| 6 | the time of the bond referendum, at least
10 and not more than | ||||||
| 7 | 45 days before the date of
the election, notwithstanding the | ||||||
| 8 | time for publication otherwise imposed by
Section 12-5.
Notices | ||||||
| 9 | required in connection with the submission of public questions
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| 10 | on or after July 1, 1999 shall be as set forth in Section 12-5 | ||||||
| 11 | of the Election
Code.
If the proposition is not adopted at
that | ||||||
| 12 | election, it may be submitted in like manner at any regular | ||||||
| 13 | election
thereafter. The
proposition shall be substantially in | ||||||
| 14 | the following form:
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| 15 | -------------------------------------------------------------
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| 16 | Shall the city (or village or
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| 17 | incorporated town) of.... adopt YES
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| 18 | Article 3 of the "Illinois Pension -----------------------
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| 19 | Code", pertaining to the creation NO
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| 20 | of a police pension fund?
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| 21 | -------------------------------------------------------------
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| 22 | If a majority of the votes cast on the proposition
is for the | ||||||
| 23 | proposition, this Article is adopted in that municipality.
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| 24 | (b) A city, village, or incorporated town of less than | ||||||
| 25 | 5,000 inhabitants that is regulated by the Property Tax | ||||||
| 26 | Extension Limitation Law may elect to adopt the provisions of | ||||||
| 27 | this Article by the passage of a resolution or ordinance by the | ||||||
| 28 | governing board of that city, village, or incorporated town, | ||||||
| 29 | but that city, village, or incorporated town shall not levy a | ||||||
| 30 | separate tax under Section 3-125 without approval by referendum | ||||||
| 31 | under the provisions of the Property Tax Extension Limitation | ||||||
| 32 | Law or this Article.
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| 33 | (Source: P.A. 90-812, eff. 1-26-99; 91-57, eff. 6-30-99.)
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| 34 | Section 99. Effective date. This Act takes effect upon | ||||||
| 35 | becoming law.
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