Full Text of SB3277 101st General Assembly
SB3277sam001 101ST GENERAL ASSEMBLY | Sen. Ram Villivalam Filed: 5/26/2020
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| 1 | | AMENDMENT TO SENATE BILL 3277
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 3277 by replacing | 3 | | everything after the enacting clause with the following:
| 4 | | "Section 5. The Illinois Pension Code is amended by | 5 | | changing Section 8-165 and by adding Sections 8-180.3 and | 6 | | 8-180.4 as follows:
| 7 | | (40 ILCS 5/8-165) (from Ch. 108 1/2, par. 8-165)
| 8 | | Sec. 8-165. Re-entry into service. | 9 | | (a) Except as provided in subsection (c), when When an | 10 | | employee receiving age and service or prior service
annuity who | 11 | | has withdrawn from service after the effective date
re-enters | 12 | | service before age 65, any annuity previously granted and any
| 13 | | annuity fixed for his wife shall be cancelled. The employee | 14 | | shall be
credited for annuity purposes with sums sufficient to | 15 | | provide annuities
equal to those cancelled, as of their ages on | 16 | | the date of re-entry;
provided, the maximum age of the wife for |
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| 1 | | this purpose shall be as
provided in Section 8-155 of this | 2 | | Article.
| 3 | | The sums so credited shall provide for annuities to be | 4 | | fixed and
granted in the future. Contributions by the employees
| 5 | | and the city for
the purposes of this Article shall be made, | 6 | | and when the proper time
arrives, as provided in this Article, | 7 | | new annuities based upon the total
credit for annuity purposes | 8 | | and the entire term of his service shall be
fixed for the | 9 | | employee and his wife.
| 10 | | If the employee's wife died before he re-entered service, | 11 | | no part of
any credits for widow's or widow's prior service | 12 | | annuity at the time
annuity for his wife was fixed shall be | 13 | | credited upon re-entry into
service, and no such sums shall | 14 | | thereafter be used to provide such
annuity.
| 15 | | (b) Except as provided in subsection (c), when When an | 16 | | employee re-enters service after age 65, payments on
account of | 17 | | any annuity previously granted shall be suspended during the
| 18 | | time thereafter that he is in service, and when he again | 19 | | withdraws,
annuity payments shall be resumed. If the employee | 20 | | dies in service, his
widow shall receive the amount of annuity | 21 | | previously fixed for her.
| 22 | | (c) For school years beginning on or after July 1, 2020, an | 23 | | age and service or prior service
annuity shall not be cancelled | 24 | | in the case of an employee who is re-employed by the Board of | 25 | | Education of the city as a Special Education Classroom | 26 | | Assistant or Classroom Assistant on a temporary and non-annual |
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| 1 | | basis or on an hourly basis so long as the person: (1) does not | 2 | | work for compensation on more than 120 days in a school year; | 3 | | or (2) does not accept gross compensation for the re-employment | 4 | | in a school year in excess of $30,000. Re-employment under this | 5 | | subsection does not require contributions, result in service | 6 | | credit being earned or granted, or constitute active | 7 | | participation in the Fund. | 8 | | (Source: P.A. 81-1536.)
| 9 | | (40 ILCS 5/8-180.3 new) | 10 | | Sec. 8-180.3. Credit for service as a part-time employee of | 11 | | the Board of Education of the city. An employee of the Board of | 12 | | Education of the city, regardless of his or her position, may | 13 | | establish service credit in the Fund for part-time employment | 14 | | with the Board of Education of the city prior to becoming an | 15 | | employee by applying no later than one year after the effective | 16 | | date of this amendatory Act of the 101st General Assembly and | 17 | | paying to the Fund for that employment an amount equal to: (1) | 18 | | employee contributions based on the actual compensation | 19 | | received and the rate of contribution in effect on the date of | 20 | | payment; plus (2) an amount representing employer | 21 | | contributions equal to the amount specified in item (1); plus | 22 | | (3) interest thereon at the rate of 6% per annum, compounded | 23 | | annually, from the date of service to the date of payment. | 24 | | However, service credit shall not be granted under this Section | 25 | | for any such prior employment for which the applicant received |
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| 1 | | credit under any other provision of this Code or during which | 2 | | the applicant was on a leave of absence. | 3 | | (40 ILCS 5/8-180.4 new) | 4 | | Sec. 8-180.4. Credit for service as an employee of the | 5 | | Metropolitan Pier and Exposition Authority. An employee of the | 6 | | Board of Education of the city, regardless of his or her | 7 | | position, may establish service credit in the Fund for | 8 | | employment with the Metropolitan Pier and Exposition Authority | 9 | | prior to becoming an employee by applying no later than one | 10 | | year after the effective date of this amendatory Act of the | 11 | | 101st General Assembly and paying to the Fund for that | 12 | | employment an amount equal to: (1) employee contributions based | 13 | | on the actual compensation received and the rate of | 14 | | contribution in effect on the date of payment; plus (2) an | 15 | | amount representing employer contributions equal to the amount | 16 | | specified in item (1); plus (3) interest thereon at the rate of | 17 | | 6% per annum, compounded annually, from the date of service to | 18 | | the date of payment. However, service credit shall not be | 19 | | granted under this Section for any such prior employment for | 20 | | which the applicant received credit under any other provision | 21 | | of this Code or during which the applicant was on a leave of | 22 | | absence.
| 23 | | Section 99. Effective date. This Act takes effect July 1, | 24 | | 2020.".
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