|
|
Rep. James H. Meyer
Filed: 2/28/2006
|
|
09400HB4463ham001 |
|
LRB094 14363 AMC 56376 a |
|
|
| 1 |
| AMENDMENT TO HOUSE BILL 4463
|
| 2 |
| AMENDMENT NO. ______. Amend House Bill 4463 by replacing |
| 3 |
| everything after the enacting clause with the following:
|
| 4 |
| "Section 5. The Illinois Pension Code is amended by |
| 5 |
| changing Section 20-109 as follows:
|
| 6 |
| (40 ILCS 5/20-109) (from Ch. 108 1/2, par. 20-109)
|
| 7 |
| Sec. 20-109. "Pension credit": Credit or equities acquired |
| 8 |
| by an
employee in the form of contributions, earnings or |
| 9 |
| service as defined
under the law governing each of the systems |
| 10 |
| in which he has credits or
equities, except credits and |
| 11 |
| equities (1) of less than one year in any
one system, except |
| 12 |
| that this one-year limitation shall not apply to
(A) employees |
| 13 |
| who transfer or are transferred, as a class, from one
|
| 14 |
| participating system to another or who are persons to whom |
| 15 |
| Section
14-108.2a or 14-108.2b applies or (B) persons who move |
| 16 |
| from participation with a school district as a teacher aide |
| 17 |
| under Article 7 to participation under Article 16; or (2) which |
| 18 |
| have previously been
forfeited by acceptance of a refund or |
| 19 |
| which have been applied towards a
retirement annuity and have |
| 20 |
| not been reestablished in accordance with the
law governing the |
| 21 |
| system from which the refund or retirement annuity had
been |
| 22 |
| received. If a retirement system provides no refund of |
| 23 |
| contributions,
the pension credit in the case of any employee |
| 24 |
| who has participated in that
system shall be considered |