SB2894 99TH GENERAL ASSEMBLY

LRB099 18194 EFG 42562 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB2894

Introduced 2/18/2016, by Sen. James F. Clayborne, Jr.

SYNOPSIS AS INTRODUCED:

40 ILCS 5/7-155

from Ch. 108 1/2, par. 7-155

Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Deletes the one-year limit on backdating a survivor benefit. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

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 changing Section 7-155 as follows:

(40 ILCS 5/7-155) (from Ch. 108 1/2, par. 7-155)

Sec. 7-155. Surviving spouse annuities-commencement. A surviving spouse annuity shall begin on the 1st day of the month next following the month in which the participating employee, or the employee annuitant or such person entitled to a retirement annuity died, upon a written application therefor, provided:

1. (Blank). Such date is not more than one year prior to the date the application was received by the Board; and

2. The amount of surviving spouse annuity before the application of paragraph 3 of Section 7-158, is at least $5 per month, beginning on such date.

(Source: P.A. 80-653.)

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