98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB4467
 
Introduced , by Rep. Dwight Kay
 
SYNOPSIS AS INTRODUCED:
 

 
30 ILCS 105/5.830 new
30 ILCS 105/5.831 new
40 ILCS 5/2-100 new
40 ILCS 5/2-163 new
40 ILCS 5/18-100 new
40 ILCS 5/18-170 new

     Amends the General Assembly and Judges Articles of the Pension Code. Provides that no participant may accrue service credit and no benefits may be paid to any retiree or survivor. Provides that the Court of Claims shall direct the refund of participant pension contributions. Repeals the General Assembly and Judges Articles 2 years after the effective date of the amendatory Act. Effective immediately.
  


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FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB4467LRB098 14295 RPM 52088 b


  
1    AN ACT concerning public employee benefits.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The State Finance Act is amended by adding 
5Sections 5.830 and  5.831 as follows:
 
6    (30 ILCS 105/5.830 new)
7    Sec. 5.830. The Article 2 Pension Contribution Refund Fund.
 
8    (30 ILCS 105/5.831 new)
9    Sec. 5.831. The Article 18 Pension Contribution Refund 
10Fund.
 
11    Section 10. The Illinois Pension Code is amended  by adding 
12Sections 2-100, 2-163, 18-100, and 18-170 as follows:
 
13    (40 ILCS 5/2-100 new)
14    Sec. 2-100. Termination of benefits; refund of 
15contributions. Notwithstanding any provision of law to the 
16contrary:
17        (a) Except as otherwise provided in this Section, on 
18    and after the effective date of this amendatory Act of the 
19    98th General Assembly, no participant shall accrue service 
20    credit under this Article and no participant or survivor of 
 
 
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1    a participant shall receive any benefit under this Article, 
2    including, but not limited to, a retirement, reversionary, 
3    or survivor's annuity.
4        (b) On the effective date of this amendatory Act of the 
5    98th General Assembly, all funds held by or on behalf of 
6    the System are transferred to a special fund in the State 
7    treasury, which shall be known as the Article 2 Pension 
8    Contribution Refund Fund.  Distributions from the Article 2 
9    Pension Contribution Refund Fund shall be made at the 
10    direction of the Court of Claims or as provided in 
11    subsection (d) of this Section.
12        (c) For the period prior to one year after the 
13    effective date of this amendatory Act of the 98th General 
14    Assembly, any participant, annuitant, refund beneficiary, 
15    or other beneficiary may apply to the Court of Claims to 
16    receive the refund of the contributions actually made by 
17    the participant or annuitant that have not already been 
18    paid in the form of benefits.  No refunds shall be made for 
19    contributions made by the State, whether in the form of 
20    participant contributions or otherwise.  The Court of 
21    Claims shall have the authority to order distributions from 
22    the Article 2 Pension Contribution Refund Fund to make such 
23    refunds, and no other funds may be used for that purpose.
24        (d) As soon as all orders for payment entered by the 
25    Court of Claims under subsection (c) of this Section have 
26    been complied with, any funds remaining in the Article 2 
 
 
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1    Pension Contribution Refund Fund shall be paid into the 
2    General Revenue Fund.
 
3    (40 ILCS 5/2-163 new)
4    Sec. 2-163. Repealer. This Article 2 is repealed 2 years 
5after the effective date of this amendatory Act of the 98th 
6General Assembly.
 
7    (40 ILCS 5/18-100 new)
8    Sec. 18-100. Termination of benefits; refund of 
9contributions. Notwithstanding any provision of law to the 
10contrary:
11        (a) Except as otherwise provided in this Section, on 
12    and after the effective date of this amendatory Act of the 
13    98th General Assembly, no participant shall accrue service 
14    credit under this Article and no participant or survivor of 
15    a participant shall receive any benefit under this Article, 
16    including, but not limited to, a retirement, reversionary, 
17    or survivor's annuity.
18        (b) On the effective date of this amendatory Act of the 
19    98th General Assembly, all funds held by or on behalf of 
20    the System are transferred to a special fund in the State 
21    treasury, which shall be known as the Article 18 Pension 
22    Contribution Refund Fund.  Distributions from the Article 
23    18 Pension Contribution Refund Fund shall be made at the 
24    direction of the Court of Claims or as provided in 
 
 
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1    subsection (d) of this Section.
2        (c) For the period prior to one year after the 
3    effective date of this amendatory Act of the 98th General 
4    Assembly, any participant, annuitant, refund beneficiary, 
5    or other beneficiary may apply to the Court of Claims to 
6    receive the refund of the contributions actually made by 
7    the participant or annuitant that have not already been 
8    paid in the form of benefits.  No refunds shall be made for 
9    contributions made by the State, whether in the form of 
10    participant contributions or otherwise.  The Court of 
11    Claims shall have the authority to order distributions from 
12    the Article 18 Pension Contribution Refund Fund to make 
13    such refunds, and no other funds may be used for that 
14    purpose.
15        (d) As soon as all orders for payment entered by the 
16    Court of Claims under subsection (c) of this Section have 
17    been complied with, any funds remaining in the Article 18 
18    Pension Contribution Refund Fund shall be paid into the 
19    General Revenue Fund.
 
20    (40 ILCS 5/18-170 new)
21    Sec. 18-170. Repealer. This Article 18 is repealed 2 years 
22after the effective date of this amendatory Act of the 98th 
23General Assembly.
 
 
24    Section 99. Effective date. This Act takes effect upon 
25becoming law.