94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB4576


 
Introduced 1/11/2006, by Rep. Robert S. Molaro
 
SYNOPSIS AS INTRODUCED:
 		













40 ILCS 5/17-142.1
  from Ch. 108 1/2, par. 17-142.1




30 ILCS 805/8.30 new










    Amends the Chicago Teacher Article of the Illinois Pension Code. In provisions concerning the Board of Trustees of the Public School Teachers' Pension and Retirement Fund of Chicago's power to defray health insurance costs, increases the maximum total payments for that purpose to $75,000,000 (from $65,000,000) plus any amount authorized to be paid in the preceding year that was not actually paid by the Board, including interest earned thereon.  Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
















LRB094 16379 AMC 51631 b

















FISCAL NOTE ACT MAY APPLY


PENSION IMPACT NOTE ACT MAY APPLY


STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
















 


 


A BILL FOR









 











HB4576

LRB094 16379 AMC 51631 b






1
    AN ACT concerning 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 changing 
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Section 17-142.1 as follows:
 
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    (40 ILCS 5/17-142.1)  (from Ch. 108 1/2, par. 17-142.1)

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    Sec. 17-142.1. To defray health insurance costs.  To provide 
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for the
partial reimbursement of health insurance costs.


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    (1) On the first day of September of each year, beginning 
10
in 1988,
the Board may, by separate warrant, pay to each 
11
recipient of a service
retirement, disability retirement or 
12
survivor's pension an amount to be
determined by the Board, 
13
which shall represent partial reimbursement for
the cost of the 
14
recipient's health insurance coverage.


15
    (2) In lieu of the annual payment authorized in subdivision 
16
(1), for
pensioners enrolled in the Fund's regular health care 
17
deduction plans, the
Fund may pay the health insurance premium 
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reimbursement on a monthly rather
than annual basis, at the 
19
percentage rate established from time to time by
the Board.  If 
20
the Board so directs, these monthly payments may be made in
the 
21
form of a direct payment of premium and a reduction in the 
22
amount
deducted from the annuity, rather than in the form of 
23
reimbursement by
separate warrant.


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    (3) Total payments under this Section in any year may not 
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exceed
$75,000,000
$65,000,000 plus any amount that was 
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authorized to be paid
under this Section in the preceding year 
27
but was not actually paid by the
Board, including any interest 
28
earned thereon.


29
    (4) The total amount of payments under this Section in any 
30
year may not exceed 75% of the total cost of health insurance 
31
coverage in that year for all the recipients who receive 
32
payments authorized by this Section in that year.

 


 






HB4576
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LRB094 16379 AMC 51631 b




1
(Source: P.A. 93-677, eff. 6-28-04.)

 
2
    Section 90. The State Mandates Act is amended by adding 
3
Section 8.30 as
follows:


 
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    (30 ILCS 805/8.30 new)

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    Sec. 8.30. 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 
10
becoming law.