94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1384

 

Introduced 2/9/2005, by Rep. Larry McKeon

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/15-158.4 new

    Amends the State Universities Article of the Illinois Pension Code. Directs the System to conduct a divided medicare coverage referendum, open to employees continuously employed by the same employer since March 31, 1986. Allows eligible employees to irrevocably elect to participate in the federal medicare program. Effective immediately.


LRB094 05898 AMC 35952 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1384 LRB094 05898 AMC 35952 b

1     AN ACT in relation to 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 adding
5 Section 15-158.4 as follows:
 
6     (40 ILCS 5/15-158.4 new)
7     Sec. 15-158.4. Election of medicare coverage.
8     (a) The System shall conduct a divided medicare coverage
9 referendum, open to employees continuously employed by the same
10 employer since March 31, 1986. The referendum shall be
11 conducted in accordance with the applicable provisions of
12 federal law and Article 21 of this Code.
13     (b) As used in this Section and in compliance with federal
14 law, "referendum" means the process whereby employees are
15 granted the opportunity to make an irrevocable individual
16 election to participate in the medicare program on a
17 prospective basis.
18     (c) Employers shall pay the necessary employer
19 contributions and make the necessary deductions from salary for
20 employees who elect to participate in the federal medicare
21 program under this Section, as required by the System, Article
22 21 of this Code, and federal law.
 
23     Section 99. Effective date. This Act takes effect upon
24 becoming law.