Full Text of HB4627 095th General Assembly
HB4627eng 95TH GENERAL ASSEMBLY
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HB4627 Engrossed |
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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 7.415% 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 Engrossed |
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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 Engrossed |
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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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