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90_HB0930
40 ILCS 5/9-120.1 new
30 ILCS 805/8.21 new
Amends the Cook County Article of the Illinois Pension
Code. Allows certain persons employed by the Chicago Transit
Authority to participate in the Cook County pension fund in
addition to the CTA retirement system. Also allows these
persons to have their Cook County benefits based on their CTA
salaries; to purchase duplicate Cook County credit for their
past CTA service without paying any employer contribution or
interest; and to buy up to 4 additional years of Cook County
credit for active or reserve military service. Amends the
State Mandates Act to require implementation without
reimbursement. Effective immediately.
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LRB9002607EGfg
1 AN ACT to amend the Illinois Pension Code by adding
2 Section 9-120.1 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 adding
6 Section 9-120.1 as follows:
7 (40 ILCS 5/9-120.1 new)
8 Sec. 9-120.1. CTA - continued participation; military
9 service credit.
10 (a) A person who (i) has at least 20 years of creditable
11 service in the Fund, (ii) has not begun receiving a
12 retirement annuity under this Article, and (iii) is employed
13 in a position under which he or she is eligible to actively
14 participate in the retirement system established under
15 Section 22-101 of this Code may elect, after he or she ceases
16 to be a participant but in no event after June 1, 1998, to
17 continue his or her participation in this Fund while employed
18 by the Chicago Transit Authority, for up to 10 additional
19 years, by making written application to the Board.
20 (b) A person who elects to continue participation under
21 this Section shall make contributions directly to the Fund,
22 not less frequently than monthly, based on the person's
23 actual Chicago Transit Authority compensation and the rates
24 applicable to employees under this Fund. Creditable service
25 shall be granted to any person for the period, not exceeding
26 10 years, during which the person continues participation in
27 this Fund under this Section and continues to make
28 contributions as required. For periods of service
29 established under this Section, the person's actual Chicago
30 Transit Authority compensation shall be considered his or her
31 salary for purposes of calculating benefits under this
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1 Article.
2 (c) A person who elects to continue participation under
3 this Section may cancel that election at any time.
4 (d) A person who elects to continue participation under
5 this Section may establish service credit in this Fund for
6 periods of employment by the Chicago Transit Authority prior
7 to that election, by applying in writing and paying to the
8 Fund an amount representing employee contributions for the
9 service being established, based on the person's actual
10 Chicago Transit Authority compensation and the rates then
11 applicable to employees under this Fund, without interest.
12 (e) A person who qualifies under this Section may elect
13 to purchase credit for up to 4 years of military service,
14 whether or not that service followed service as a county
15 employee. The military service need not have been served in
16 wartime, but the employee must not have been dishonorably
17 discharged. To establish this creditable service the
18 applicant must pay to the Fund, on or before July 1, 1998, an
19 amount determined by the Fund to represent the employee
20 contributions for the creditable service, based on the
21 employee's rate of compensation on his or her last day of
22 service as a contributor before the military service or his
23 or her salary on the first day of service following the
24 military service, whichever is greater, plus interest at the
25 effective rate from the date of discharge to the date of
26 payment. For the purposes of this subsection, "military
27 service" includes service in the United States armed forces
28 reserves.
29 Section 90. The State Mandates Act is amended by adding
30 Section 8.21 as follows:
31 (30 ILCS 805/8.21 new)
32 Sec. 8.21. Exempt mandate. Notwithstanding Sections 6
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1 and 8 of this Act, no reimbursement by the State is required
2 for the implementation of any mandate created by this
3 amendatory Act of 1997.
4 Section 99. Effective date. This Act takes effect upon
5 becoming law.