94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0819


 
Introduced 2/2/2005, by Rep. John D'Amico
 
SYNOPSIS AS INTRODUCED:
 		
















40 ILCS 5/6-164.3 new





40 ILCS 5/6-167
  from Ch. 108 1/2, par. 6-167



30 ILCS 805/8.29 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). Increases the required contribution for widow's annuity by 0.5% of salary.  Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
















LRB094 05970 EFG 36026 b

















FISCAL NOTE ACT MAY APPLY


PENSION IMPACT NOTE ACT MAY APPLY


STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
















 


 


A BILL FOR









 











HB0819

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1
    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 adding 
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Section 6-164.3 and changing Section 6-167 as follows:
 
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    (40 ILCS 5/6-164.3 new)

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    Sec. 6-164.3. Automatic annual increase in widow's 
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annuity.
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    (a) Every widow's annuity, other than a term annuity, shall 
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be increased
on January 1, 2006 or the January 1 occurring on 
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or immediately after the first
anniversary of the deceased 
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fireman's death, whichever occurs later, and on each subsequent 
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January 1, by an
amount equal to 3% of the original amount of 
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the annuity.
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    (b) Limitations on the maximum amount of widow's annuity 
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imposed under
this Article do not apply to the annual increases 
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provided under this Section.

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    (c) The increases provided under this Section do apply to 
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minimum widow's annuities.  The
increases provided under this 
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Section do not apply to term annuities.

 



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    (40 ILCS 5/6-167)  (from Ch. 108 1/2, par. 6-167)



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    Sec. 6-167. Contributions for widow's annuity. Until 
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January 1, 2006, 1.5% of salary and beginning January 1, 2006, 
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2.0% of salary
Beginning on the effective date and prior to 
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September 1, 1957,
1% of each payment of salary of not more 
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than $3,000 of each employee and
beginning September 1, 1957, 
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1% of each payment of salary of not more than
$6,000 of each 
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present employee and future entrant shall be deducted and

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contributed to the fund for widow's annuity.  After September 1, 
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1967
and prior to January 1, 1976,
1%,
and beginning January 1, 
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1976, 1 1/2%
 of salary  without limitation shall be deducted 
 


 






HB0819
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1
from the pay of each
present employee and future entrant and 
2
contributed to the fund for widow's
annuity.  The deduction 
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shall be made at the time the payments of salary are
payable 
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and shall continue during the service of the employee.
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    Concurrently with each contribution, the city shall 
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contribute 2% of
each payment of salary.

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    Each contribution by the employee and the city shall be 
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allocated to the
accounts of and credited to the employee for 
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widow's annuity.  

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(Source: P.A. 79-633.)

 
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    Section 90. The State Mandates Act is amended by adding 
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Section 8.29 as
follows:


 
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    (30 ILCS 805/8.29 new)

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    Sec. 8.29. Exempt mandate. Notwithstanding Sections 6 and 8 
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of this
Act, no reimbursement by the State is required for the 
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implementation of
any mandate created by this amendatory Act of 
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the 94th General Assembly.

 

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