96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB0561

 

Introduced 2/4/2009, by Rep. Kevin Joyce

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/6-164.3 new
30 ILCS 805/8.33 new

    Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides for noncompounded 3% automatic annual increases in all widow's annuities (other than term annuities). Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.


LRB096 08059 AMC 18165 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

 

 

A BILL FOR

 

HB0561 LRB096 08059 AMC 18165 b

1     AN ACT concerning 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 6-164.3 as follows:
 
6     (40 ILCS 5/6-164.3 new)
7     Sec. 6-164.3. Automatic annual increase in widow's
8 annuity.
9     (a) Every widow's annuity, other than a term annuity, shall
10 be increased on January 1, 2010 or the January 1 occurring on
11 or immediately after the first anniversary of the deceased
12 fireman's death, whichever occurs later, and on each subsequent
13 January 1, by an amount equal to 3% of the original amount of
14 the annuity.
15     (b) Limitations on the maximum amount of widow's annuity
16 imposed under this Article do not apply to the annual increases
17 provided under this Section.
18     (c) The increases provided under this Section do apply to
19 minimum widow's annuities. The increases provided under this
20 Section do not apply to term annuities.
 
21     Section 90. The State Mandates Act is amended by adding
22 Section 8.33 as follows:
 

 

 

HB0561 - 2 - LRB096 08059 AMC 18165 b

1     (30 ILCS 805/8.33 new)
2     Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8
3 of this Act, no reimbursement by the State is required for the
4 implementation of any mandate created by this amendatory Act of
5 the 96th General Assembly.
 
6     Section 99. Effective date. This Act takes effect upon
7 becoming law.