Personnel and Pensions Committee

Filed: 3/5/2009

 

 


 

 


 
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1
AMENDMENT TO HOUSE BILL 2422

2     AMENDMENT NO. ______. Amend House Bill 2422 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The Illinois Pension Code is amended by
5 changing Sections 6-210.1, 6-210.2, and 8-172.1 as follows:
 
6     (40 ILCS 5/6-210.1)   (from Ch. 108 1/2, par. 6-210.1)
7     Sec. 6-210.1. Credit for former employment with the fire
8 department.
9     (a) Any fireman who (1) accumulated service credit in the
10 Article 8 fund for service as an employee of the Chicago Fire
11 Department and (2) has terminated that Article 8 service credit
12 and received a refund of contributions therefor, may establish
13 service credit in this Fund for all or any part of that period
14 of service under the Article 8 fund by making written
15 application to the Board by January 1, 2010 2005 and paying to
16 this Fund (i) employee contributions based upon the actual

 

 

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1 salary received and the rates in effect for members of this
2 Fund at the time of such service, plus (ii) the difference
3 between the amount of employer contributions transferred to the
4 Fund under Section 8-172.1 and the amounts equal to the
5 employer's normal cost of contributions had such contributions
6 been made at the rates in effect for members of this Fund at
7 the time of such service, plus (iii) interest thereon
8 calculated as follows:
9         (1) For applications received by the Board before July
10     14, 1995, interest shall be calculated on the amount of
11     employee contributions determined under item (i) above, at
12     the rate of 4% per annum, compounded annually, from the
13     date of termination of such service to the date of payment.
14         (2) For applications received by the Board on or after
15     July 14, 1995 but before the effective date of this
16     amendatory Act of the 96th General Assembly, interest shall
17     be calculated on the amount of employee contributions
18     determined under item (i) above, at the rate of 4% per
19     annum, compounded annually, from the first date of the
20     period for which credit is being established under this
21     subsection (a) to the date of payment.
22         (3) For applications received by the Board on or after
23     the effective date of this amendatory Act of the 96th
24     General Assembly, interest shall be calculated on the
25     amount of contributions determined under items (i) and (ii)
26     of this subsection (a), at the actuarially assumed rate for

 

 

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1     each year, compounded annually, from the first date of the
2     period for which credit is being established under this
3     subsection (a) to the date of payment.
4     A fireman who (1) retired on or after January 16, 2004 and
5 on or before the effective date of this amendatory Act of the
6 93rd General Assembly and (2) files an application to establish
7 service credit under this subsection (a) before January 1,
8 2005, shall have his or her pension recalculated prospectively
9 to include the service credit established under this subsection
10 (a).
11     (b) A fireman who, at any time during the period 1970
12 through 1983, was an employee of the Chicago Fire Department
13 but did not participate in any pension fund subject to this
14 Code with respect to that employment may establish service
15 credit in this Fund for all or any part of that employment by
16 making written application to the Board by January 1, 2010 2005
17 and paying to this Fund (i) employee contributions based upon
18 the actual salary received and the rates in effect for members
19 of this Fund at the time of that employment, plus (ii) the
20 amounts equal to the employer's normal cost of contributions
21 had such contributions been made at the rates in effect for
22 members of this Fund at the time of that employment, plus (iii)
23 interest thereon calculated at the actuarially assumed rate of
24 4% per annum, compounded annually, from the first date of the
25 employment for which credit is being established under this
26 subsection (b) to the date of payment.

 

 

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1     (c) (Blank). A fireman may pay the contributions required
2 for service credit under this Section established on or after
3 July 14, 1995 in the form of payroll deductions, in accordance
4 with such procedures and limitations as may be established by
5 Board rule and any applicable rules or ordinances of the
6 employer.
7     (d) Employer contributions shall be transferred as
8 provided in Sections 6-210.2 and 8-172.1. The employer shall
9 not be responsible for making any additional employer
10 contributions for any credit established under this Section.
11 (Source: P.A. 93-654, eff. 1-16-04; 93-917, eff. 8-12-04.)
 
12     (40 ILCS 5/6-210.2)
13     Sec. 6-210.2. City contributions for paramedics.
14 Municipality credits computed and credited under Article 8 for
15 all firemen who (1) accumulated service credit in the Article 8
16 fund for service as a paramedic, (2) have terminated that
17 Article 8 service credit and received a refund of
18 contributions, and (3) are participants in this Article 6 fund
19 on the effective date of this amendatory Act of the 96th 93rd
20 General Assembly shall be transferred by the Article 8 fund to
21 this Fund, together with interest at the actuarially assumed
22 rate of 11% per annum, compounded annually, to the date of the
23 transfer, as provided in Section 8-172.1 of this Code. These
24 city contributions shall be credited to the individual fireman
25 only if he or she pays for prior service as a paramedic in full

 

 

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1 to this Fund.
2 (Source: P.A. 93-654, eff. 1-16-04.)
 
3     (40 ILCS 5/8-172.1)
4     Sec. 8-172.1. Transfer of city contributions for
5 paramedics.
6     (a) Municipality credits computed and credited under this
7 Article 8 for all persons who (1) accumulated service credit in
8 this Article 8 fund for service as a paramedic, (2) have
9 terminated that Article 8 service credit and received a refund
10 of contributions, and (3) are participants in the Article 6
11 fund on the effective date of this amendatory Act of the 96th
12 93rd General Assembly shall be transferred by this Article 8
13 fund to the Article 6 fund together with interest at the
14 actuarially assumed rate of 11% per annum, compounded annually,
15 to the date of transfer. The city shall not be responsible for
16 making any additional employer contributions to the Fund to
17 replace the amounts transferred under this Section.
18     (b) Municipality credits computed and credited under this
19 Article 8 for all persons who (1) accumulated service credit in
20 this Article 8 fund for service as a paramedic, (2) have
21 terminated that Article 8 service credit and received a refund
22 of contributions, and (3) are not participants in the Article 6
23 fund on the effective date of this amendatory Act of the 93rd
24 General Assembly shall be used as provided in Section 8-172.
25 (Source: P.A. 93-654, eff. 1-16-04.)
 

 

 

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1     Section 90. The State Mandates Act is amended by adding
2 Section 8.33 as follows:
 
3     (30 ILCS 805/8.33 new)
4     Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8
5 of this Act, no reimbursement by the State is required for the
6 implementation of any mandate created by this amendatory Act of
7 the 96th General Assembly.
 
8     Section 99. Effective date. This Act takes effect upon
9 becoming law.".