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90_SB1851
40 ILCS 5/2-117.4 new
40 ILCS 5/7-139.10 new
40 ILCS 5/8-230.7 new
40 ILCS 5/9-121.16 new
40 ILCS 5/11-125.9 new
40 ILCS 5/12-127.6 new
40 ILCS 5/13-404 new
40 ILCS 5/14-104.12 new
40 ILCS 5/15-113.11 new
40 ILCS 5/16-131.7 new
40 ILCS 5/17-114.4 new
40 ILCS 5/18-112.7 new
30 ILCS 805/8.22 new
Amends the Illinois Pension Code to allow a current or
former employee of the Metropolitan Pier and Exposition
Authority to buy service credit in any retirement system
under the Reciprocal Act. Requires payment of employee
contributions but not employer contributions or interest.
Allows a person establishing this credit to reinstate credits
previously terminated by refund. Amends the State Mandates
Act to require implementation without reimbursement.
Effective immediately.
LRB9011636EGfg
LRB9011636EGfg
1 AN ACT to amend the Illinois Pension Code and to amend
2 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 adding Sections 2-117.4, 7-139.10, 8-230.7, 9-121.16,
7 11-125.9, 12-127.6, 13-404, 14-104.12, 15-113.11, 16-131.7,
8 17-114.4, and 18-112.7 as follows:
9 (40 ILCS 5/2-117.4 new)
10 Sec. 2-117.4. Credit for employment with the Metropolitan
11 Pier and Exposition Authority.
12 (a) A person who has service credit in the System and
13 has not yet begun to receive a retirement annuity may
14 establish service credit in this System for periods during
15 which he or she was employed by the Metropolitan Pier and
16 Exposition Authority or its predecessor entities, provided
17 that the person does not have credit for those periods in any
18 other public employee pension fund or retirement system and
19 has terminated participation with respect to those periods of
20 employment in any pension or retirement program established
21 by the Authority or its predecessor entities.
22 In order to establish this credit, the person must apply
23 in writing to the Board and pay to the System an employee
24 contribution based upon the period of credit to be
25 established, the employee contribution rate in effect at the
26 time of application, and the salary rate upon which the
27 applicant's retirement annuity would be based if that annuity
28 were calculated on the date of application. The applicant
29 need not pay any employer contribution or interest. The
30 applicant may pay the required employee contribution in a
31 lump sum at any time before the retirement annuity begins or
-2- LRB9011636EGfg
1 in 24 equal monthly installments deducted from the retirement
2 annuity.
3 (b) A person wishing to establish service credit under
4 subsection (a) may reinstate creditable service terminated
5 upon receipt of a refund, by paying to the System the amount
6 of the refund plus interest thereon at the rate of 6% per
7 year, compounded annually, from the date of the refund to the
8 date of payment.
9 (40 ILCS 5/7-139.10 new)
10 Sec. 7-139.10. Credit for employment with the
11 Metropolitan Pier and Exposition Authority.
12 (a) A person who has service credit in the Fund and has
13 not yet begun to receive a retirement annuity may establish
14 service credit in this Fund for periods during which he or
15 she was employed by the Metropolitan Pier and Exposition
16 Authority or its predecessor entities, provided that the
17 person does not have credit for those periods in any other
18 public employee pension fund or retirement system and has
19 terminated participation with respect to those periods of
20 employment in any pension or retirement program established
21 by the Authority or its predecessor entities.
22 In order to establish this credit, the person must apply
23 in writing to the Board and pay to the Fund an employee
24 contribution based upon the period of credit to be
25 established, the employee contribution rate in effect at the
26 time of application, and the final rate of earnings upon
27 which the applicant's retirement annuity would be based if
28 that annuity were calculated on the date of application. The
29 applicant need not pay any employer contribution or interest.
30 The applicant may pay the required employee contribution in a
31 lump sum at any time before the retirement annuity begins or
32 in 24 equal monthly installments deducted from the retirement
33 annuity.
-3- LRB9011636EGfg
1 (b) A person wishing to establish service credit under
2 subsection (a) may reinstate creditable service terminated
3 upon receipt of a separation benefit, by paying to the Fund
4 the amount of the separation benefit plus interest thereon at
5 the effective rate, compounded annually, from the date of
6 receiving the separation benefit to the date of payment.
7 (40 ILCS 5/8-230.7 new)
8 Sec. 8-230.7. Credit for employment with the Metropolitan
9 Pier and Exposition Authority.
10 (a) A person who has service credit in the Fund and has
11 not yet begun to receive a retirement annuity may establish
12 service credit in this Fund for periods during which he or
13 she was employed by the Metropolitan Pier and Exposition
14 Authority or its predecessor entities, provided that the
15 person does not have credit for those periods in any other
16 public employee pension fund or retirement system and has
17 terminated participation with respect to those periods of
18 employment in any pension or retirement program established
19 by the Authority or its predecessor entities.
20 In order to establish this credit, the person must apply
21 in writing to the Board and pay to the Fund an employee
22 contribution based upon the period of credit to be
23 established, the employee contribution rate in effect at the
24 time of application, and the salary rate upon which the
25 applicant's retirement annuity would be based if that annuity
26 were calculated on the date of application. The applicant
27 need not pay any employer contribution or interest. The
28 applicant may pay the required employee contribution in a
29 lump sum at any time before the retirement annuity begins or
30 in 24 equal monthly installments deducted from the retirement
31 annuity.
32 (b) A person wishing to establish service credit under
33 subsection (a) may reinstate creditable service terminated
-4- LRB9011636EGfg
1 upon receipt of a refund, by paying to the Fund the amount of
2 the refund plus interest thereon at the rate of 6% per year,
3 compounded annually, from the date of the refund to the date
4 of payment.
5 (40 ILCS 5/9-121.16 new)
6 Sec. 9-121.16. Credit for employment with the
7 Metropolitan Pier and Exposition Authority.
8 (a) A person who has service credit in the Fund and has
9 not yet begun to receive a retirement annuity may establish
10 service credit in this Fund for periods during which he or
11 she was employed by the Metropolitan Pier and Exposition
12 Authority or its predecessor entities, provided that the
13 person does not have credit for those periods in any other
14 public employee pension fund or retirement system and has
15 terminated participation with respect to those periods of
16 employment in any pension or retirement program established
17 by the Authority or its predecessor entities.
18 In order to establish this credit, the person must apply
19 in writing to the Board and pay to the Fund an employee
20 contribution based upon the period of credit to be
21 established, the employee contribution rate in effect at the
22 time of application, and the salary rate upon which the
23 applicant's retirement annuity would be based if that annuity
24 were calculated on the date of application. The applicant
25 need not pay any employer contribution or interest. The
26 applicant may pay the required employee contribution in a
27 lump sum at any time before the retirement annuity begins or
28 in 24 equal monthly installments deducted from the retirement
29 annuity.
30 (b) A person wishing to establish service credit under
31 subsection (a) may reinstate creditable service terminated
32 upon receipt of a refund, by paying to the Fund the amount of
33 the refund plus interest thereon at the rate of 6% per year,
-5- LRB9011636EGfg
1 compounded annually, from the date of the refund to the date
2 of payment.
3 (40 ILCS 5/11-125.9 new)
4 Sec. 11-125.9. Credit for employment with the
5 Metropolitan Pier and Exposition Authority.
6 (a) A person who has service credit in the Fund and has
7 not yet begun to receive a retirement annuity may establish
8 service credit in this Fund for periods during which he or
9 she was employed by the Metropolitan Pier and Exposition
10 Authority or its predecessor entities, provided that the
11 person does not have credit for those periods in any other
12 public employee pension fund or retirement system and has
13 terminated participation with respect to those periods of
14 employment in any pension or retirement program established
15 by the Authority or its predecessor entities.
16 In order to establish this credit, the person must apply
17 in writing to the Board and pay to the Fund an employee
18 contribution based upon the period of credit to be
19 established, the employee contribution rate in effect at the
20 time of application, and the salary rate upon which the
21 applicant's retirement annuity would be based if that annuity
22 were calculated on the date of application. The applicant
23 need not pay any employer contribution or interest. The
24 applicant may pay the required employee contribution in a
25 lump sum at any time before the retirement annuity begins or
26 in 24 equal monthly installments deducted from the retirement
27 annuity.
28 (b) A person wishing to establish service credit under
29 subsection (a) may reinstate creditable service terminated
30 upon receipt of a refund, by paying to the Fund the amount of
31 the refund plus interest thereon at the rate of 6% per year,
32 compounded annually, from the date of the refund to the date
33 of payment.
-6- LRB9011636EGfg
1 (40 ILCS 5/12-127.6 new)
2 Sec. 12-127.6. Credit for employment with the
3 Metropolitan Pier and Exposition Authority.
4 (a) A person who has service credit in the Fund and has
5 not yet begun to receive a retirement annuity may establish
6 service credit in this Fund for periods during which he or
7 she was employed by the Metropolitan Pier and Exposition
8 Authority or its predecessor entities, provided that the
9 person does not have credit for those periods in any other
10 public employee pension fund or retirement system and has
11 terminated participation with respect to those periods of
12 employment in any pension or retirement program established
13 by the Authority or its predecessor entities.
14 In order to establish this credit, the person must apply
15 in writing to the Board and pay to the Fund an employee
16 contribution based upon the period of credit to be
17 established, the employee contribution rate in effect at the
18 time of application, and the salary rate upon which the
19 applicant's retirement annuity would be based if that annuity
20 were calculated on the date of application. The applicant
21 need not pay any employer contribution or interest. The
22 applicant may pay the required employee contribution in a
23 lump sum at any time before the retirement annuity begins or
24 in 24 equal monthly installments deducted from the retirement
25 annuity.
26 (b) A person wishing to establish service credit under
27 subsection (a) may reinstate creditable service terminated
28 upon receipt of a refund, by paying to the Fund the amount of
29 the refund plus regular interest thereon, compounded
30 annually, from the date of the refund to the date of payment.
31 (40 ILCS 5/13-404 new)
32 Sec. 13-404. Credit for employment with the Metropolitan
33 Pier and Exposition Authority.
-7- LRB9011636EGfg
1 (a) A person who has service credit in the Fund and has
2 not yet begun to receive a retirement annuity may establish
3 service credit in this Fund for periods during which he or
4 she was employed by the Metropolitan Pier and Exposition
5 Authority or its predecessor entities, provided that the
6 person does not have credit for those periods in any other
7 public employee pension fund or retirement system and has
8 terminated participation with respect to those periods of
9 employment in any pension or retirement program established
10 by the Authority or its predecessor entities.
11 In order to establish this credit, the person must apply
12 in writing to the Board and pay to the Fund an employee
13 contribution based upon the period of credit to be
14 established, the employee contribution rate in effect at the
15 time of application, and the salary rate upon which the
16 applicant's retirement annuity would be based if that annuity
17 were calculated on the date of application. The applicant
18 need not pay any employer contribution or interest. The
19 applicant may pay the required employee contribution in a
20 lump sum at any time before the retirement annuity begins or
21 in 24 equal monthly installments deducted from the retirement
22 annuity.
23 (b) A person wishing to establish service credit under
24 subsection (a) may reinstate creditable service terminated
25 upon receipt of a refund, by paying to the Fund the amount of
26 the refund plus interest thereon at the rate of 6% per year,
27 compounded annually, from the date of the refund to the date
28 of payment.
29 (40 ILCS 5/14-104.12 new)
30 Sec. 14-104.12. Credit for employment with the
31 Metropolitan Pier and Exposition Authority.
32 (a) A person who has service credit in the System and
33 has not yet begun to receive a retirement annuity may
-8- LRB9011636EGfg
1 establish service credit in this System for periods during
2 which he or she was employed by the Metropolitan Pier and
3 Exposition Authority or its predecessor entities, provided
4 that the person does not have credit for those periods in any
5 other public employee pension fund or retirement system and
6 has terminated participation with respect to those periods of
7 employment in any pension or retirement program established
8 by the Authority or its predecessor entities.
9 In order to establish this credit, the person must apply
10 in writing to the Board and pay to the System an employee
11 contribution based upon the period of credit to be
12 established, the employee contribution rate in effect at the
13 time of application, and the salary rate upon which the
14 applicant's retirement annuity would be based if that annuity
15 were calculated on the date of application. The applicant
16 need not pay any employer contribution or interest. The
17 applicant may pay the required employee contribution in a
18 lump sum at any time before the retirement annuity begins or
19 in 24 equal monthly installments deducted from the retirement
20 annuity.
21 (b) A person wishing to establish service credit under
22 subsection (a) may reinstate creditable service terminated
23 upon receipt of a refund, by paying to the System the amount
24 of the refund plus regular interest thereon, compounded
25 annually, from the date of the refund to the date of payment.
26 (40 ILCS 5/15-113.11 new)
27 Sec. 15-113.11. Credit for employment with the
28 Metropolitan Pier and Exposition Authority.
29 (a) A person who has service credit in the System and
30 has not yet begun to receive a retirement annuity may
31 establish service credit in this System for periods during
32 which he or she was employed by the Metropolitan Pier and
33 Exposition Authority or its predecessor entities, provided
-9- LRB9011636EGfg
1 that the person does not have credit for those periods in any
2 other public employee pension fund or retirement system and
3 has terminated participation with respect to those periods of
4 employment in any pension or retirement program established
5 by the Authority or its predecessor entities.
6 In order to establish this credit, the person must apply
7 in writing to the Board and pay to the System an employee
8 contribution based upon the period of credit to be
9 established, the employee contribution rate in effect at the
10 time of application, and the salary rate upon which the
11 applicant's retirement annuity would be based if that annuity
12 were calculated on the date of application. The applicant
13 need not pay any employer contribution or interest. The
14 applicant may pay the required employee contribution in a
15 lump sum at any time before the retirement annuity begins or
16 in 24 equal monthly installments deducted from the retirement
17 annuity.
18 (b) A person wishing to establish service credit under
19 subsection (a) may reinstate creditable service terminated
20 upon receipt of a refund, by paying to the System the amount
21 of the refund plus interest thereon at the effective rate,
22 compounded annually, from the date of the refund to the date
23 of payment.
24 (40 ILCS 5/16-131.7 new)
25 Sec. 16-131.7. Credit for employment with the
26 Metropolitan Pier and Exposition Authority.
27 (a) A person who has service credit in the System and
28 has not yet begun to receive a retirement annuity may
29 establish service credit in this System for periods during
30 which he or she was employed by the Metropolitan Pier and
31 Exposition Authority or its predecessor entities, provided
32 that the person does not have credit for those periods in any
33 other public employee pension fund or retirement system and
-10- LRB9011636EGfg
1 has terminated participation with respect to those periods of
2 employment in any pension or retirement program established
3 by the Authority or its predecessor entities.
4 In order to establish this credit, the person must apply
5 in writing to the Board and pay to the System an employee
6 contribution based upon the period of credit to be
7 established, the employee contribution rate in effect at the
8 time of application, and the salary rate upon which the
9 applicant's retirement annuity would be based if that annuity
10 were calculated on the date of application. The applicant
11 need not pay any employer contribution or interest. The
12 applicant may pay the required employee contribution in a
13 lump sum at any time before the retirement annuity begins or
14 in 24 equal monthly installments deducted from the retirement
15 annuity.
16 (b) A person wishing to establish service credit under
17 subsection (a) may reinstate creditable service terminated
18 upon receipt of a refund, by paying to the System the amount
19 of the refund plus regular interest thereon, compounded
20 annually, from the date of the refund to the date of payment.
21 (40 ILCS 5/17-114.4 new)
22 Sec. 17-114.4. Credit for employment with the
23 Metropolitan Pier and Exposition Authority.
24 (a) A person who has service credit in the Fund and has
25 not yet begun to receive a retirement annuity may establish
26 service credit in this Fund for periods during which he or
27 she was employed by the Metropolitan Pier and Exposition
28 Authority or its predecessor entities, provided that the
29 person does not have credit for those periods in any other
30 public employee pension fund or retirement system and has
31 terminated participation with respect to those periods of
32 employment in any pension or retirement program established
33 by the Authority or its predecessor entities.
-11- LRB9011636EGfg
1 In order to establish this credit, the person must apply
2 in writing to the Board and pay to the Fund an employee
3 contribution based upon the period of credit to be
4 established, the employee contribution rate in effect at the
5 time of application, and the salary rate upon which the
6 applicant's retirement annuity would be based if that annuity
7 were calculated on the date of application. The applicant
8 need not pay any employer contribution or interest. The
9 applicant may pay the required employee contribution in a
10 lump sum at any time before the retirement annuity begins or
11 in 24 equal monthly installments deducted from the retirement
12 annuity.
13 (b) A person wishing to establish service credit under
14 subsection (a) may reinstate creditable service terminated
15 upon receipt of a refund, by paying to the Fund the amount of
16 the refund plus interest thereon at the rate of 6% per year,
17 compounded annually, from the date of the refund to the date
18 of payment.
19 (40 ILCS 5/18-112.7 new)
20 Sec. 18-112.7. Credit for employment with the
21 Metropolitan Pier and Exposition Authority.
22 (a) A person who has service credit in the System and
23 has not yet begun to receive a retirement annuity may
24 establish service credit in this System for periods during
25 which he or she was employed by the Metropolitan Pier and
26 Exposition Authority or its predecessor entities, provided
27 that the person does not have credit for those periods in any
28 other public employee pension fund or retirement system and
29 has terminated participation with respect to those periods of
30 employment in any pension or retirement program established
31 by the Authority or its predecessor entities.
32 In order to establish this credit, the person must apply
33 in writing to the Board and pay to the System an employee
-12- LRB9011636EGfg
1 contribution based upon the period of credit to be
2 established, the employee contribution rate in effect at the
3 time of application, and the salary rate upon which the
4 applicant's retirement annuity would be based if that annuity
5 were calculated on the date of application. The applicant
6 need not pay any employer contribution or interest. The
7 applicant may pay the required employee contribution in a
8 lump sum at any time before the retirement annuity begins or
9 in 24 equal monthly installments deducted from the retirement
10 annuity.
11 (b) A person wishing to establish service credit under
12 subsection (a) may reinstate creditable service terminated
13 upon receipt of a refund, by paying to the System the amount
14 of the refund plus interest thereon at the rate of 6% per
15 year, compounded annually, from the date of the refund to the
16 date of payment.
17 Section 90. The State Mandates Act is amended by adding
18 Section 8.22 as follows:
19 (30 ILCS 805/8.22 new)
20 Sec. 8.22. Exempt mandate. Notwithstanding Sections 6
21 and 8 of this Act, no reimbursement by the State is required
22 for the implementation of any mandate created by this
23 amendatory Act of 1998.
24 Section 99. Effective date. This Act takes effect upon
25 becoming law.