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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2860
Introduced 1/20/2006, by Sen. Jeffrey M. Schoenberg SYNOPSIS AS INTRODUCED:
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40 ILCS 5/14-126 |
from Ch. 108 1/2, par. 14-126 |
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Amends the State Employee Article of the Illinois Pension Code. Makes a technical change in a Section concerning a retirement annuity following nonoccupational
disability benefits.
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| PENSION IMPACT NOTE ACT MAY APPLY | |
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A BILL FOR
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SB2860 |
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LRB094 17923 AMC 53226 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 14-126 as follows:
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| (40 ILCS 5/14-126) (from Ch. 108 1/2, par. 14-126)
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| Sec. 14-126. Nonoccupational disability benefit-Rights on |
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| expiration-Retirement
annuity option on re-entry. Any member |
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| having 15 or more years of creditable
service, and
and having |
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| attained at least age 55, or having 20 or more years
of |
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| creditable service and having attained at least age 50, who, |
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| after receiving
nonoccupational disability benefit for the |
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| maximum period of time specified
herein is still disabled for |
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| service, shall be entitled to receive a retirement
annuity |
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| beginning the first of the month following application, without
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| regard to whether the member has attained age 60. |
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| If a member having 15 but less than 20 years of creditable |
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| service is under
age 55 when nonoccupational disability |
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| benefits terminate, and the member
has been continuously |
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| disabled for service, the member is entitled upon
application |
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| to the retirement annuity upon the first of the month after
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| attainment of age 55.
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| If a member having 20 or more years of creditable service |
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| is under age
50 when nonoccupational disability benefits |
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| terminate, and the member has
been continuously disabled for |
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| service, the member is entitled upon application
to the |
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| retirement annuity beginning upon the first of the month after |
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| attainment
of age 50.
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| As an option to the computation of a retirement annuity in |
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| the manner provided
in this Article, if a person who retires on |
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| a retirement annuity prior to
age 60 under the provisions of |
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| this Section re-enters State employment,
that person may refund |