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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by changing | |||||||||||||||||||||||||||||||
5 | Sections 12-135.3 and 12-149 as follows:
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6 | (40 ILCS 5/12-135.3) (from Ch. 108 1/2, par. 12-135.3)
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7 | Sec. 12-135.3. Annual increases to surviving spouses. On | |||||||||||||||||||||||||||||||
8 | January
1 of each year, every surviving spouse, other than a | |||||||||||||||||||||||||||||||
9 | surviving spouse who
is receiving a temporary annuity or who | |||||||||||||||||||||||||||||||
10 | has received a surviving spouse
annuity for less than one full | |||||||||||||||||||||||||||||||
11 | year, shall be entitled to a 3% annual
increase in his or her | |||||||||||||||||||||||||||||||
12 | surviving spouse's annuity. The 3% annual increase
shall be | |||||||||||||||||||||||||||||||
13 | based on the amount of annuity then payable, including any
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14 | increases previously received under this Section.
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15 | Notwithstanding the provisions of this Section, the | |||||||||||||||||||||||||||||||
16 | surviving spouse's annuity for a surviving spouse of a person | |||||||||||||||||||||||||||||||
17 | first employed under this Article on or after the effective | |||||||||||||||||||||||||||||||
18 | date of this amendatory Act of the 95th General Assembly shall | |||||||||||||||||||||||||||||||
19 | be subject to an annual increase at a rate of 3% of the | |||||||||||||||||||||||||||||||
20 | original fixed annuity.
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21 | (Source: P.A. 87-1265.)
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22 | (40 ILCS 5/12-149)
(from Ch. 108 1/2, par. 12-149)
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1 | Sec. 12-149. Financing. The board of park commissioners of | ||||||
2 | any such
park district shall annually levy a tax (in addition | ||||||
3 | to the taxes now
authorized by law) upon all taxable property | ||||||
4 | embraced in the district,
at the rate which, when added to the | ||||||
5 | employee contributions under this
Article and applied to the | ||||||
6 | fund created
hereunder, shall be sufficient to bring the total | ||||||
7 | assets of the Fund up to 90% of the total actuarial liabilities | ||||||
8 | of the Fund by the end of fiscal year 2016.
to provide for the | ||||||
9 | purposes of this
Article in accordance with the provisions | ||||||
10 | thereof. Such tax shall be
levied and collected with and in | ||||||
11 | like manner as the general taxes of
such district, and shall | ||||||
12 | not in any event be included within any
limitations of rate for | ||||||
13 | general park purposes as now or hereafter
provided by law, but | ||||||
14 | shall be excluded therefrom and be in addition
thereto. The | ||||||
15 | amount of such annual tax to and including the year 1977
shall | ||||||
16 | not exceed .0275% of the value, as equalized or assessed by the
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17 | Department of Revenue, of all taxable property embraced
within | ||||||
18 | the park district, provided that for the year 1978, and for | ||||||
19 | each
year thereafter, the amount of such annual tax shall be at | ||||||
20 | a rate on the
dollar of assessed valuation of all taxable | ||||||
21 | property that will produce,
when extended, for the year 1978 | ||||||
22 | the following sum: 0.825 times the
amount of employee | ||||||
23 | contributions during the fiscal year 1976; for the
year 1979, | ||||||
24 | 0.85 times the amount of employee contributions during the
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25 | fiscal year 1977; for the year 1980, 0.90 times the amount of | ||||||
26 | employee
contributions during the fiscal year 1978; for the |
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1 | year 1981, 0.95 times
the amount of employee contributions | ||||||
2 | during the fiscal year 1979; for the year
1982, 1.00 times the | ||||||
3 | amount of employee contributions during the fiscal year
1980; | ||||||
4 | for the year 1983, 1.05 times the amount of contributions made | ||||||
5 | on behalf
of employees during the fiscal year 1981; and for the | ||||||
6 | year 1984 and each year
thereafter, an amount equal to 1.10 | ||||||
7 | times the employee contributions during the
fiscal year 2-years | ||||||
8 | prior to the year for which the applicable tax is levied.
As | ||||||
9 | used in this Section, the term "employee contributions" means | ||||||
10 | contributions
by employees for retirement annuity, spouse's | ||||||
11 | annuity, automatic increase in
retirement annuity, and death | ||||||
12 | benefit.
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13 | In respect to park district employees, other than | ||||||
14 | policemen, who are
transferred to the employment of a city by | ||||||
15 | virtue of the "Exchange of
Functions Act of 1957", the | ||||||
16 | corporate authorities of the city shall
annually levy a tax | ||||||
17 | upon all taxable property embraced in the city, as
equalized or | ||||||
18 | assessed by the Department of Revenue, at such rate per
cent of | ||||||
19 | the value of such property as shall be sufficient, when added
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20 | to the amounts deducted from the salary or wages of such | ||||||
21 | employees, to
provide the benefits to which such employees, | ||||||
22 | their dependents and
beneficiaries are entitled under the | ||||||
23 | provisions of this Article. The
park district shall not levy a | ||||||
24 | tax hereunder in respect to such
employees. The tax levied by | ||||||
25 | the city under authority of this Article
shall be in addition | ||||||
26 | to and exclusive of all other taxes authorized by
law to be |
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1 | levied by the city for corporate, annuity fund or other
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2 | purposes.
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3 | All moneys accruing from the levy and collection of taxes, | ||||||
4 | pursuant
to this section, shall be remitted to the board by the | ||||||
5 | employers as soon
as they are received. Where a city has levied | ||||||
6 | a tax pursuant to this
Section in respect to park district | ||||||
7 | employees transferred to the
employment of a city, the | ||||||
8 | treasurer of such city or other authorized
officer shall remit | ||||||
9 | the moneys accruing from the levy and collection of
such tax as | ||||||
10 | soon as they are received. Such remittances shall be made
upon | ||||||
11 | a pro rata share basis, whereby each employer shall pay to the
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12 | board such employer's proportionate percentage of each payment | ||||||
13 | of taxes
received by it, according to the ratio which its tax | ||||||
14 | levy for this fund
bears to the total tax levy of such | ||||||
15 | employer.
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16 | Should any board of park commissioners included under the | ||||||
17 | provisions
of this Article be without authority to levy the tax | ||||||
18 | provided in this
Section the corporation authorities (meaning | ||||||
19 | the supervisor, clerk and
assessor) of the town or towns for | ||||||
20 | which such board shall be the board
of park commissioners shall | ||||||
21 | levy such tax.
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22 | Employer contributions to the Fund may be reduced by | ||||||
23 | $5,000,000 for
calendar years 2004 and 2005.
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24 | (Source: P.A. 93-654, eff. 1-16-04.)
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25 | Section 90. The State Mandates Act is amended by adding |
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1 | Section 8.31 as follows: | ||||||
2 | (30 ILCS 805/8.31 new) | ||||||
3 | Sec. 8.31. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
4 | of this Act, no reimbursement by the State is required for the | ||||||
5 | implementation of any mandate created by this amendatory Act of | ||||||
6 | the 95th General Assembly.
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