Illinois General Assembly - Full Text of HB0854
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Full Text of HB0854  94th General Assembly

HB0854 94TH GENERAL ASSEMBLY


 


 
94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0854

 

Introduced 2/2/2005, by Rep. Daniel J. Burke

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/4-109   from Ch. 108 1/2, par. 4-109

    Amends the Downstate Firefighter Article of the Illinois Pension Code. Makes a technical change in a Section concerning retirement pensions.


LRB094 07328 AMC 37486 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB0854 LRB094 07328 AMC 37486 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 changing
5 Section 4-109 as follows:
 
6     (40 ILCS 5/4-109)  (from Ch. 108 1/2, par. 4-109)
7     Sec. 4-109. Pension.
8     (a) A firefighter age 50 or more with 20 or more years of
9 creditable service, who is no longer in service as a
10 firefighter, shall receive a monthly pension of 1/2 the monthly
11 salary attached to the the rank held by him or her in the fire
12 service at the date of retirement.
13     The monthly pension shall be increased by 1/12 of 2.5% of
14 such monthly salary for each additional month over 20 years of
15 service through 30 years of service, to a maximum of 75% of
16 such monthly salary.
17     The changes made to this subsection (a) by this amendatory
18 Act of the 91st General Assembly apply to all pensions that
19 become payable under this subsection on or after January 1,
20 1999. All pensions payable under this subsection that began on
21 or after January 1, 1999 and before the effective date of this
22 amendatory Act shall be recalculated, and the amount of the
23 increase accruing for that period shall be payable to the
24 pensioner in a lump sum.
25     (b) A firefighter who retires or is separated from service
26 having at least 10 but less than 20 years of creditable
27 service, who is not entitled to receive a disability pension,
28 and who did not apply for a refund of contributions at his or
29 her last separation from service shall receive a monthly
30 pension upon attainment of age 60 based on the monthly salary
31 attached to his or her rank in the fire service on the date of
32 retirement or separation from service according to the

 

 

HB0854 - 2 - LRB094 07328 AMC 37486 b

1 following schedule:
2     For 10 years of service, 15% of salary;
3     For 11 years of service, 17.6% of salary;
4     For 12 years of service, 20.4% of salary;
5     For 13 years of service, 23.4% of salary;
6     For 14 years of service, 26.6% of salary;
7     For 15 years of service, 30% of salary;
8     For 16 years of service, 33.6% of salary;
9     For 17 years of service, 37.4% of salary;
10     For 18 years of service, 41.4% of salary;
11     For 19 years of service, 45.6% of salary.
12 (Source: P.A. 91-466, eff. 8-6-99.)