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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 HB0854
Introduced 2/2/2005, by Rep. Daniel J. Burke SYNOPSIS AS INTRODUCED: |
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40 ILCS 5/4-109 |
from Ch. 108 1/2, par. 4-109 |
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Amends the Downstate Firefighter Article of the Illinois Pension Code. Makes a technical change in a Section concerning retirement pensions.
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| PENSION IMPACT NOTE ACT MAY APPLY | |
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A BILL FOR
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HB0854 |
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LRB094 07328 AMC 37486 b |
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| 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 changing |
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| Section 4-109 as follows:
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| (40 ILCS 5/4-109) (from Ch. 108 1/2, par. 4-109)
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| Sec. 4-109. Pension.
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| (a) A firefighter age 50 or more with 20 or more years of |
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| creditable
service, who is no longer in service as a |
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| firefighter, shall receive a monthly
pension of 1/2 the monthly |
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| salary attached to the
the rank held by him or her in
the fire |
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| service at the date of retirement.
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| The monthly pension shall be increased by 1/12 of 2.5% of |
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| such
monthly salary for each additional month over 20 years of |
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| service through 30
years of service, to a maximum of 75% of |
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| such monthly salary.
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| The changes made to this subsection (a) by this amendatory |
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| Act of the
91st General Assembly apply to all pensions that |
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| become payable under this
subsection on or after January 1, |
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| 1999. All pensions payable under this
subsection that began on |
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| or after January 1, 1999 and before the effective date
of this |
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| amendatory Act shall be recalculated, and the amount of the |
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| increase
accruing for that period shall be payable to the |
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| pensioner in a lump sum.
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| (b) A firefighter who retires or is separated from service |
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| having at
least 10 but less than 20 years of creditable |
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| service, who is not entitled
to receive a disability pension, |
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| and who did not apply for a refund of
contributions at his or |
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| her last separation from service shall receive a
monthly |
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| pension upon attainment of age 60 based on the monthly salary |
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| attached
to his or her rank in the fire service on the date of |
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| retirement or separation
from service according to the |