SB2264 EngrossedLRB103 26405 RPS 52768 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 Illinois Pension Code is amended by
5changing Section 9-179.1 as follows:
 
6    (40 ILCS 5/9-179.1)  (from Ch. 108 1/2, par. 9-179.1)
7    Sec. 9-179.1. Military service. A contributing employee
8may elect to purchase creditable service for up to 48 months of
9active-duty military service, whether or not that service
10followed service as a county employee. To establish this
11creditable service, the contributing employee must pay to the
12Fund an amount determined by the Fund to represent the
13employee contributions for the creditable service based on his
14or her rate of compensation after the military service, plus
15interest at the effective rate from the date of discharge to
16the date of payment. A contributing employee as of January 1,
171993 with at least 25 years of service credit may apply for
18creditable service for up to 2 years of military service
19whether or not the military service followed service as a
20county employee. The military service need not have been
21served in wartime, but the employee must not have been
22dishonorably discharged. To establish this creditable service
23the applicant must pay to the Fund, while in the service of the

 

 

SB2264 Engrossed- 2 -LRB103 26405 RPS 52768 b

1county, an amount determined by the Fund to represent the
2employee contributions for the creditable service established,
3based on the employee's rate of compensation on his or her last
4day as a contributor before the military service, or on his or
5her first day as a contributor after the military service,
6whichever is greater, plus interest at the effective rate from
7the date of discharge to the date of payment. If a person who
8has established any credit under this Section applies for or
9receives any early retirement incentive under Section 9-134.2,
10the credit under this Section shall be forfeited and the
11amount paid to the Fund under this Section shall be refunded.
12(Source: P.A. 87-1265.)
 
13    Section 90. The State Mandates Act is amended by adding
14Section 8.47 as follows:
 
15    (30 ILCS 805/8.47 new)
16    Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and
178 of this Act, no reimbursement by the State is required for
18the implementation of any mandate created by this amendatory
19Act of the 103rd General Assembly.