Full Text of HB2582 96th General Assembly
HB2582enr 96TH GENERAL ASSEMBLY
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HB2582 Enrolled |
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LRB096 06189 AMC 16271 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. If, and only if, Senate Bill 2520 of the 95th | 5 |
| General Assembly becomes law, then the Illinois Pension Code is | 6 |
| amended by changing Section 5-214.2 as follows: | 7 |
| (40 ILCS 5/5-214.2) | 8 |
| Sec. 5-214.2. Credit for certain law enforcement service. | 9 |
| An active policeman who is a member of this Fund on or before | 10 |
| the effective date of this Section may establish up to 10 years | 11 |
| of additional service credit in 6-month increments for service | 12 |
| in a law enforcement capacity under Articles 3, 7, 8, 9, 10, | 13 |
| 13, 14, and 15 and Division 1 of Article 22 , or as a law | 14 |
| enforcement officer with the Chicago Housing Authority , or as a | 15 |
| law enforcement officer with any agency of the United States | 16 |
| government , provided that: (1) service credit is not available | 17 |
| for that employment under any other provision of this Article; | 18 |
| (2) any service credit for that employment received under any | 19 |
| other provision of this Code or under the retirement plan of | 20 |
| the Chicago Housing Authority or Federal Employee Retirement | 21 |
| System has been terminated; and (3) the policeman applies for | 22 |
| this credit in writing within one year after the effective date | 23 |
| of this Section and pays to the Fund within 5 years after the |
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HB2582 Enrolled |
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LRB096 06189 AMC 16271 b |
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| date of application an amount to be determined by the Fund in | 2 |
| accordance with this Section. | 3 |
| An active policeman who becomes a member of this Fund after | 4 |
| the effective date of this Section may establish up to 10 years | 5 |
| of additional service credit in 6-month increments for service | 6 |
| in a law enforcement capacity under Articles 3, 7, 8, 9, 10, | 7 |
| 13, 14, and 15 and Division 1 of Article 22 , or as a law | 8 |
| enforcement officer with the Chicago Housing Authority , or as a | 9 |
| law enforcement officer with any agency of the United States | 10 |
| government , provided that: (1) service credit is not available | 11 |
| for that employment under any other provision of this Article; | 12 |
| (2) any service credit for that employment received under any | 13 |
| other provision of this Code or under the retirement plan of | 14 |
| the Chicago Housing Authority or Federal Employee Retirement | 15 |
| System has been terminated; and (3) the policeman applies for | 16 |
| this credit in writing within 2 years after he or she begins | 17 |
| employment under this Article and pays to the Fund within 5 | 18 |
| years after the date of application an amount to be determined | 19 |
| by the Fund in accordance with this Section. | 20 |
| The Fund must determine the policeman's payment required to | 21 |
| establish creditable service under this Section by taking into | 22 |
| account the appropriate actuarial assumptions, including | 23 |
| without limitation the police officer's service, age, and | 24 |
| salary history; the level of funding of the Fund; and any other | 25 |
| factors that the Fund determines to be relevant. For this | 26 |
| purpose, the policeman's required payment should result in no |
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HB2582 Enrolled |
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LRB096 06189 AMC 16271 b |
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| significant increase to the Fund's unfunded actuarial accrued | 2 |
| liability determined as of the most recent actuarial valuation, | 3 |
| based on the same assumptions and methods used to develop and | 4 |
| report the Fund's actuarial accrued liability and actuarial | 5 |
| value of assets under Statement No. 25 of Governmental | 6 |
| Accounting Standards Board or any subsequent applicable | 7 |
| Statement.
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| (Source: 95SB2520enr.) | 9 |
| Section 90. The State Mandates Act is amended by adding | 10 |
| Section 8.33 as follows: | 11 |
| (30 ILCS 805/8.33 new) | 12 |
| Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 | 13 |
| of this Act, no reimbursement by the State is required for the | 14 |
| implementation of any mandate created by this amendatory Act of | 15 |
| the 96th General Assembly.
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| Section 99. Effective date. This Act takes effect upon | 17 |
| becoming law.
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