Full Text of HB4627 95th General Assembly
HB4627 95TH GENERAL ASSEMBLY
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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB4627
Introduced , by Rep. David R. Leitch SYNOPSIS AS INTRODUCED: |
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40 ILCS 5/4-118.1 |
from Ch. 108 1/2, par. 4-118.1 |
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Amends the Downstate Firefighter Article of the Illinois Pension Code. Increases the percentage of salary each firefighter shall contribute to the pension fund towards the cost of his or her pension from 6.955% of
salary to 9.91% of
salary.
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FISCAL NOTE ACT MAY APPLY | |
PENSION IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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HB4627 |
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LRB095 15155 AMC 41120 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by changing | 5 |
| Section 4-118.1 as follows: | 6 |
| (40 ILCS 5/4-118.1) (from Ch. 108 1/2, par. 4-118.1)
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| Sec. 4-118.1. Contributions by firefighters.
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| (a) Beginning on the effective date of this amendatory Act | 9 |
| of the 95th General
Assembly, each firefighter shall contribute | 10 |
| to the pension fund 9.91% of
salary towards the cost of his or | 11 |
| her pension. Beginning January 1, 1976 and until the effective | 12 |
| date of this
amendatory Act of the 91st General Assembly, each | 13 |
| firefighter shall contribute
to the pension fund 6 3/4% of | 14 |
| salary towards the cost of his or her pension.
Beginning on the | 15 |
| effective date of this amendatory Act of the 91st General
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| Assembly, each firefighter shall contribute to the pension fund | 17 |
| 6.955% of
salary towards the cost of his or her pension.
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| (b) In addition, beginning January 1, 1976, each | 19 |
| firefighter shall
contribute 1% of salary toward the cost of | 20 |
| the increase in pension provided in
Section 4-109.1; beginning | 21 |
| January 1, 1987, such contribution shall be 1.5% of
salary; | 22 |
| beginning July 1, 2004, the contribution shall be 2.5% of | 23 |
| salary.
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HB4627 |
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LRB095 15155 AMC 41120 b |
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| (c) Beginning on the effective date of this amendatory Act | 2 |
| of the 93rd
General Assembly, each firefighter who elects to | 3 |
| receive a pension under
Section 4-109.3 and who has | 4 |
| participated in
at least one other pension fund under this | 5 |
| Article for a period of at
least one year shall contribute an | 6 |
| additional 1.0% of salary toward the
cost of the increase in | 7 |
| pensions provided in Section 4-109.3. | 8 |
| In the event that
a firefighter does not elect to receive a | 9 |
| retirement pension
provided under Section 4-109.3 from one or | 10 |
| more of the pension funds in which the firefighter has credit, | 11 |
| he or she shall, upon withdrawal from
the last pension fund as | 12 |
| defined in Section 4-109.3, be entitled to receive,
from each | 13 |
| such fund to which he or she has paid additional contributions | 14 |
| under
this subsection (c) and from which he or she does not | 15 |
| receive a refund under Section 4-116, a refund of those | 16 |
| contributions without interest. | 17 |
| A refund of total contributions to a particular firefighter | 18 |
| pension fund under Section 4-116 shall include any refund of | 19 |
| additional contributions paid to that fund under this | 20 |
| subsection (c), but a firefighter who accepts a refund from a | 21 |
| pension fund under Section 4-116 is thereafter
ineligible to | 22 |
| receive a pension provided under Section 4-109.3 from that | 23 |
| fund. A firefighter who meets the eligibility requirements of | 24 |
| Section 4-109.3 may receive a pension under Section 4-109.3 | 25 |
| from any pension fund from which the firefighter has not | 26 |
| received a refund under Section 4-116 or under this subsection |
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HB4627 |
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LRB095 15155 AMC 41120 b |
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| (c).
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| (d) "Salary" means the annual salary, including longevity, | 3 |
| attached
to the firefighter's rank, as established by the | 4 |
| municipality appropriation
ordinance, including any | 5 |
| compensation for overtime which is included in the
salary so | 6 |
| established, but excluding any "overtime pay", "holiday pay",
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| "bonus pay", "merit pay", or any other cash benefit not | 8 |
| included in the
salary so established.
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| (e) The contributions shall be deducted and withheld from | 10 |
| the salary
of firefighters.
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| (Source: P.A. 93-689, eff. 7-1-04.)
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