State of Illinois
92nd General Assembly
Legislation

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92_SB0345

 
                                               LRB9205437EGfg

 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    adding Section 5-136.2 as follows:

 6        (40 ILCS 5/5-136.2 new)
 7        Sec. 5-136.2. Annual increase in widow's annuity.
 8        (a)  Except as provided in subsection (c),  each  widow's
 9    annuity  payable  under this Article shall be increased by 3%
10    of the original fixed amount of the annuity on the  later  of
11    (1)  January  1,  2002,  or (2) the January 1 occurring on or
12    next following the first anniversary of the granting  of  the
13    annuity.    On  each January 1 following the initial increase
14    under this subsection, each  widow's  annuity  payable  under
15    this  Article  shall be increased by an amount equal to 3% of
16    the current amount of the  annuity,  including  any  previous
17    increases under this Section.
18        (b)  The  limitations  on  the  maximum amount of widow's
19    annuity imposed under Section 5-148  and  the  provisions  of
20    this  Article on fixation of the amount of widow's annuity do
21    not  apply  to  the  annual  increases  provided  under  this
22    Section.  The increases provided  under  this  Section  apply
23    without regard to whether or not the deceased employee was in
24    service on or after the effective date of this amendatory Act
25    of the 92nd General Assembly.
26        (c)  The increases provided in this Section do apply to a
27    compensation or supplemental annuity under Section 5-144.
28        The  increases provided in this Section do not apply to a
29    reversionary or term annuity.

30        Section 90.  The State Mandates Act is amended by  adding
 
                            -2-                LRB9205437EGfg
 1    Section 8.25 as follows:

 2        (30 ILCS 805/8.25 new)
 3        Sec.  8.25.  Exempt  mandate.  Notwithstanding Sections 6
 4    and 8 of this Act, no reimbursement by the State is  required
 5    for  the  implementation  of  any  mandate  created  by  this
 6    amendatory Act of the 92nd General Assembly.

 7        Section  99.  Effective date.  This Act takes effect upon
 8    becoming law.

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