HB0819 94TH GENERAL ASSEMBLY

LRB094 05970 EFG 36026 b

94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0819

Introduced 2/2/2005, by Rep. John D'Amico

SYNOPSIS AS INTRODUCED:

40 ILCS 5/6-164.3 new
40 ILCS 5/6-167	from Ch. 108 1/2, par. 6-167
30 ILCS 805/8.29 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). Increases the required contribution for widow's annuity by 0.5% of salary. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by adding Section 6-164.3 and changing Section 6-167 as follows:

(40 ILCS 5/6-164.3 new)

Sec. 6-164.3. Automatic annual increase in widow's annuity.

(a) Every widow's annuity, other than a term annuity, shall be increased on January 1, 2006 or the January 1 occurring on or immediately after the first anniversary of the deceased fireman's death, whichever occurs later, and on each subsequent January 1, by an amount equal to 3% of the original amount of the annuity.

(b) Limitations on the maximum amount of widow's annuity imposed under this Article do not apply to the annual increases provided under this Section.

(c) The increases provided under this Section do apply to minimum widow's annuities. The increases provided under this Section do not apply to term annuities.

(40 ILCS 5/6-167) (from Ch. 108 1/2, par. 6-167)

Sec. 6-167. Contributions for widow's annuity. Until January 1, 2006, 1.5% of salary and beginning January 1, 2006, 2.0% of salary Beginning on the effective date and prior to September 1, 1957, 1% of each payment of salary of not more than $3,000 of each employee and beginning September 1, 1957, 1% of each payment of salary of not more than $6,000 of each present employee and future entrant shall be deducted and contributed to the fund for widow's annuity. After September 1, 1967 and prior to January 1, 1976, 1%, and beginning January 1, 1976, 1 1/2% of salary without limitation shall be deducted from the pay of each present employee and future entrant and contributed to the fund for widow's annuity. The deduction shall be made at the time the payments of salary are payable and shall continue during the service of the employee.

Concurrently with each contribution, the city shall contribute 2% of each payment of salary.

Each contribution by the employee and the city shall be allocated to the accounts of and credited to the employee for widow's annuity.

(Source: P.A. 79-633.)

Section 90. The State Mandates Act is amended by adding Section 8.29 as follows:

(30 ILCS 805/8.29 new)

Sec. 8.29. Exempt mandate. Notwithstanding Sections 6 and 8 of this Act, no reimbursement by the State is required for the implementation of any mandate created by this amendatory Act of the 94th General Assembly.

Section 99. Effective date. This Act takes effect upon becoming law.