State of Illinois
92nd General Assembly

   [ Search ]   [ PDF text ]   [ Legislation ]   
[ Home ]   [ Back ]   [ Bottom ]



 1        AN ACT in relation to public employee benefits.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Illinois  Pension  Code  is amended by
 5    changing Section 7-141 as follows:

 6        (40 ILCS 5/7-141) (from Ch. 108 1/2, par. 7-141)
 7        Sec.   7-141.    Retirement   annuities   -   Conditions.
 8    Retirement annuities shall  be  payable  as  hereinafter  set
 9    forth:
10        (a)  A  participating  employee who, regardless of cause,
11    is  separated  from  the   service   of   all   participating
12    municipalities     and    instrumentalities    thereof    and
13    participating  instrumentalities  shall  be  entitled  to   a
14    retirement annuity provided:
15             1.  He  is  at  least  age  55,  or in the case of a
16        person who is eligible to  have  his  annuity  calculated
17        under Section 7-142.1, he is at least age 50;
18             2.  He  is  (i)  an employee who was employed by any
19        participating     municipality      or      participating
20        instrumentality  which had not elected to exclude persons
21        employed in positions normally requiring  performance  of
22        duty for less than 1000 hours per year or was employed in
23        a position normally requiring performance of duty for 600
24        hours  or  more  per  year  prior to such election by any
25        participating      municipality     or      participating
26        instrumentality  included  in and subject to this Article
27        on or before the effective date of this amendatory Act of
28        1981 which made such election  and  is  not  entitled  to
29        receive  earnings  for  employment in a position normally
30        requiring performance of duty for 600 hours or  more  per
31        year    for    any    participating    municipality   and
                            -2-                LRB9215741EGfg
 1        instrumentalities     thereof      and      participating
 2        instrumentality;  or  (ii)  an  employee who was employed
 3        only by a  participating  municipality  or  participating
 4        instrumentality,   or   participating  municipalities  or
 5        participating instrumentalities, which  have  elected  to
 6        exclude   persons   in   positions   normally   requiring
 7        performance  of  duty  for  less than 1000 hours per year
 8        after the effective date of such exclusion or  which  are
 9        included  under  and  subject  to  the  Article after the
10        effective date of this amendatory Act of 1981 and  elects
11        to exclude persons in such positions, and is not entitled
12        to receive earnings for employment in a position normally
13        requiring  performance of duty for 1000 hours or more per
14        year   by   such   a   participating   municipality    or
15        participating instrumentality;
16             3.  The   amount   of   his   annuity,   before  the
17        application of paragraph (b) of Section 7-142 is at least
18        $10 per month;
19             4.  If he  first  became  a  participating  employee
20        after  December  31,  1961,  he  has  at least 8 years of
21        service.  This service requirement shall not apply to any
22        participating employee, regardless of participation date,
23        if the General Assembly terminates the Fund.
24        (b)  Retirement annuities shall be payable:
25             1.  As provided in Section 7-119;
26             2.  Except as provided in item 3,  upon  receipt  by
27        the  fund  of  a written application.  The effective date
28        may be not more than one year prior to the  date  of  the
29        receipt by the fund of the application;
30             3.  Upon  attainment of age 70 1/2 if the member (i)
31        is no longer in service, and (ii) is  otherwise  entitled
32        to an annuity under this Article;
33             4.  To the beneficiary of the deceased annuitant for
34        the unpaid amount accrued to date of death, if any.
                            -3-                LRB9215741EGfg
 1    (Source: P.A. 91-887, eff. 7-6-00.)

[ Top ]