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90_HB0371
40 ILCS 5/17-142.1 from Ch. 108 1/2, par. 17-142.1
30 ILCS 805/8.21 new
Amends the Chicago Teacher Article of the Pension Code to
change the annual limit on the amount of reimbursement to
annuitants for health insurance costs, from $25,000,000 to
$40,000,000. Amends the State Mandates Act to require
implementation without reimbursement. Effective immediately.
LRB9000578EGfg
LRB9000578EGfg
1 AN ACT to amend the Illinois Pension Code by changing
2 Section 17-142.1 and to amend the State Mandates Act.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by
6 changing Section 17-142.1 as follows:
7 (40 ILCS 5/17-142.1) (from Ch. 108 1/2, par. 17-142.1)
8 Sec. 17-142.1. To defray health insurance costs. To
9 provide for the partial reimbursement of health insurance
10 costs.
11 (1) On the first day of September of each year,
12 beginning in 1988, the board may, by separate warrant, pay to
13 each recipient of a service retirement, disability retirement
14 or survivor's pension an amount to be determined by the
15 board, which shall represent partial reimbursement for the
16 cost of the recipient's health insurance coverage.
17 (2) In lieu of the annual payment authorized in
18 subdivision (1), for pensioners enrolled in the Fund's
19 regular health care deduction plans, the Fund may pay the
20 health insurance premium reimbursement on a monthly rather
21 than annual basis, at the percentage rate established from
22 time to time by the Board. If the Board so directs, these
23 monthly payments may be made in the form of a direct payment
24 of premium and a reduction in the amount deducted from the
25 annuity, rather than in the form of reimbursement by separate
26 warrant.
27 (3) Total payments under this Section in any year may
28 not exceed $40,000,000 $25,000,000 plus any amount that was
29 authorized to be paid under this Section in the preceding
30 year but was not actually paid by the Board.
31 (Source: P.A. 86-1488; 87-794; 87-1265.)
-2- LRB9000578EGfg
1 Section 90. The State Mandates Act is amended by adding
2 Section 8.21 as follows:
3 (30 ILCS 805/8.21 new)
4 Sec. 8.21. Exempt mandate. Notwithstanding Sections 6
5 and 8 of this Act, no reimbursement by the State is required
6 for the implementation of any mandate created by this
7 amendatory Act of 1997.
8 Section 99. Effective date. This Act takes effect upon
9 becoming law.