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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||||
5 | Section 6-165 as follows:
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6 | (40 ILCS 5/6-165)
(from Ch. 108 1/2, par. 6-165)
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7 | Sec. 6-165. Financing; tax.
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8 | (a) Except as expressly provided in this
Section, each city | ||||||||||||||||||||||||||
9 | shall levy a tax annually upon all
taxable property therein for | ||||||||||||||||||||||||||
10 | the purpose of providing revenue for the
fund. For the years | ||||||||||||||||||||||||||
11 | prior to the year 1960, the tax rate shall be as
provided for | ||||||||||||||||||||||||||
12 | in the "Firemen's Annuity and Benefit Fund of the Illinois
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13 | Municipal Code". The tax, from and after January 1, 1968 to and
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14 | including the year 1971, shall not exceed .0863% of the value, | ||||||||||||||||||||||||||
15 | as
equalized or assessed by the Department of Revenue, of
all | ||||||||||||||||||||||||||
16 | taxable property in the city. Beginning with the year 1972 and | ||||||||||||||||||||||||||
17 | each
year thereafter the city shall levy a tax annually at a | ||||||||||||||||||||||||||
18 | rate on the
dollar of the value, as equalized or assessed by | ||||||||||||||||||||||||||
19 | the Department of Revenue
of all taxable property within such | ||||||||||||||||||||||||||
20 | city that will
produce, when extended, not to exceed an amount | ||||||||||||||||||||||||||
21 | equal to the total
amount of contributions by the employees to | ||||||||||||||||||||||||||
22 | the fund made in the
calendar year 2 years prior to the year | ||||||||||||||||||||||||||
23 | for which the annual applicable
tax is levied, multiplied by |
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1 | 2.23 through the calendar year 1981, and by
2.26 for the year | ||||||
2 | 1982 and for each year thereafter through the calendar year | ||||||
3 | 2008 . In calendar year 2009 and each
year thereafter, the city | ||||||
4 | shall levy a tax annually at a rate on the
dollar of the value, | ||||||
5 | as equalized or assessed by the Department of Revenue
of all | ||||||
6 | taxable property within such city that will
produce, when | ||||||
7 | extended, not less than an amount equal to the total
amount of | ||||||
8 | contributions by the employees to the fund made in the
calendar | ||||||
9 | year 2 years prior to the year for which the annual applicable
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10 | tax is levied, multiplied by 2.26.
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11 | To provide revenue for the ordinary death benefit | ||||||
12 | established by
Section 6-150 of this Article, in addition to | ||||||
13 | the contributions by the firemen
for this purpose, the city | ||||||
14 | council shall for the
year 1962 and each year thereafter | ||||||
15 | annually levy a tax, which shall be
in addition to and | ||||||
16 | exclusive of the taxes authorized to be levied under
the | ||||||
17 | foregoing provisions of this Section, upon all taxable property | ||||||
18 | in
the city, as equalized or assessed by the Department of | ||||||
19 | Revenue, at such
rate per cent of the value of such property as | ||||||
20 | shall be
sufficient to produce for each year the sum of | ||||||
21 | $142,000.
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22 | The amounts produced by the taxes levied annually, together | ||||||
23 | with the
deposit expressly authorized in this Section, shall be
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24 | sufficient, when added to the amounts deducted from the | ||||||
25 | salaries of
firemen and applied to the fund, to provide for the | ||||||
26 | purposes of the
fund.
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1 | (b) The taxes shall be levied and collected in like manner | ||||||
2 | with the
general taxes of the city, and shall be in addition to | ||||||
3 | all other taxes
which the city may levy upon all taxable | ||||||
4 | property therein and shall be
exclusive of and in addition to | ||||||
5 | the amount of tax the city may levy for
general purposes under | ||||||
6 | Section 8-3-1 of the Illinois Municipal Code,
approved May 29, | ||||||
7 | 1961, as amended, or under any other law or laws which
may | ||||||
8 | limit the amount of tax which the city may levy for general
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9 | purposes.
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10 | (c) The amounts of the taxes to be levied in each year | ||||||
11 | shall be
certified to the city council by the board.
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12 | (d) As soon as any revenue derived from such taxes is | ||||||
13 | collected, it
shall be paid to the city treasurer and held for | ||||||
14 | the benefit of the fund, and
all such revenue shall be paid | ||||||
15 | into the fund in accordance with the
provisions of this | ||||||
16 | Article.
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17 | (e) If the funds available are insufficient during any year | ||||||
18 | to
meet the requirements of this Article, the city may issue | ||||||
19 | tax anticipation
warrants, against the tax levies herein | ||||||
20 | authorized for the current
fiscal year.
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21 | (f) The various sums, hereinafter stated, including | ||||||
22 | interest, to be
contributed by the city, shall be taken from | ||||||
23 | the revenue derived from the taxes
or otherwise as expressly | ||||||
24 | provided in this Section. Except for defraying the
cost of | ||||||
25 | administration of the fund during the calendar year in which a | ||||||
26 | city
first attains a population of 500,000 and comes under the |
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1 | provisions of this
Article and the first calendar year | ||||||
2 | thereafter, any money of the city derived
from any source other | ||||||
3 | than these taxes or the sale of tax anticipation warrants
shall | ||||||
4 | not be used to provide revenue for the fund, nor to pay any | ||||||
5 | part of the
cost of administration thereof, unless applied to | ||||||
6 | make the deposit expressly
authorized in this Section
or the | ||||||
7 | additional city contributions required under subsection (h).
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8 | (g) In lieu of levying all or a portion of the tax required | ||||||
9 | under this
Section in any year, the city may deposit with the | ||||||
10 | city treasurer no later than
March 1 of that year for the | ||||||
11 | benefit of the fund, to be held in accordance with
this | ||||||
12 | Article, an amount that, together with the taxes levied under | ||||||
13 | this Section
for that year, is not less than the amount of the | ||||||
14 | city contributions for that
year as certified by the board to | ||||||
15 | the city council. The deposit may be derived
from any source | ||||||
16 | legally available for that purpose, including, but not limited
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17 | to, the proceeds of city borrowings. The making of a deposit | ||||||
18 | shall satisfy
fully the requirements of this Section for that | ||||||
19 | year to the extent of the
amounts so deposited. Amounts | ||||||
20 | deposited under this subsection may be used
by the fund for any | ||||||
21 | of the purposes for which the proceeds of the taxes levied
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22 | under this Section may be used, including the payment of any | ||||||
23 | amount that is
otherwise required by this Article to be paid | ||||||
24 | from the proceeds of those
taxes.
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25 | (h) In addition to the contributions required under the | ||||||
26 | other provisions
of this Article, by November 1 of the |
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1 | following specified years, the city shall
deposit with the city | ||||||
2 | treasurer for the benefit of the fund, to be held and
used in | ||||||
3 | accordance with this Article, the following specified amounts:
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4 | $6,300,000 in 1999;
$5,880,000 in 2000;
$5,460,000 in 2001;
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5 | $5,040,000 in 2002; and
$4,620,000 in 2003.
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6 | The additional city contributions required under this | ||||||
7 | subsection are
intended to decrease the unfunded liability of | ||||||
8 | the fund and shall not decrease
the amount of the city | ||||||
9 | contributions required under the other provisions of
this | ||||||
10 | Article. The additional city contributions made under this | ||||||
11 | subsection
may be used by the fund for any of its lawful | ||||||
12 | purposes.
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13 | (Source: P.A. 93-654, eff. 1-16-04.)
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14 | Section 90. The State Mandates Act is amended by adding | ||||||
15 | Section 8.32 as follows: | ||||||
16 | (30 ILCS 805/8.32 new) | ||||||
17 | Sec. 8.32. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
18 | of this Act, no reimbursement by the State is required for the | ||||||
19 | implementation of any mandate created by this amendatory Act of | ||||||
20 | the 95th General Assembly.
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21 | Section 99. Effective date. This Act takes effect upon | ||||||
22 | becoming law.
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