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| Public Act 102-0601 | ||||
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AN ACT concerning public employee benefits.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Pension Code is amended by | ||||
changing Section 8-244.1 as follows:
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(40 ILCS 5/8-244.1) (from Ch. 108 1/2, par. 8-244.1)
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Sec. 8-244.1. Payment of annuity other than direct.
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(a) The board, at the written direction and request of any | ||||
annuitant,
may, solely as an accommodation to such annuitant, | ||||
pay the annuity due him
to a bank, savings and loan association | ||||
or any other financial institution
insured by an agency of the | ||||
federal government, for deposit to his account,
or to a bank or | ||||
trust company for deposit in a trust established by him for
his | ||||
benefit with such bank, savings and loan association or trust | ||||
company,
and such annuitant may withdraw such direction at any
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time. An annuitant who directs the board to pay the annuity due | ||||
him or her to a financial institution shall hold the board and | ||||
Fund harmless from any claim or loss related to any error as to | ||||
whether the financial institution is or continues to be | ||||
federally insured. The board may also, in the case of any | ||||
disability beneficiary or
annuitant for whom no estate | ||||
guardian has been appointed and who is
confined in a publicly | ||||
owned and operated mental institution, pay such
disability | ||||
benefit or annuity due such person to the superintendent or
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other head of such institution or hospital for deposit to such | ||
person's
trust fund account maintained for him by such | ||
institution or hospital,
if by law such trust fund accounts | ||
are authorized or recognized.
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(b) An annuitant formerly employed by the City of Chicago | ||
may authorize
the withholding of a portion of his or her | ||
annuity for payment of dues to a the
labor organization which | ||
formerly represented the annuitant when the annuitant
was an | ||
active employee; however, no withholding shall be required | ||
under this
subsection for payment to one labor organization | ||
unless a minimum of 25
annuitants authorize such withholding. | ||
The Board shall prescribe a form for
the authorization of | ||
withholding of dues, release of name, social security
number | ||
and address and shall provide such forms to employees, | ||
annuitants and
labor organizations upon request. Amounts | ||
withheld by the Board under this
subsection shall be promptly | ||
paid over to the designated organizations,
indicating the | ||
names, social security numbers and addresses of annuitants on
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whose behalf dues were withheld.
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At the request and at the expense of the labor | ||
organization that formerly
represented the annuitant, the City | ||
of Chicago shall coordinate mailings no
more than twice in any | ||
twelve-month period to such annuitants and the Board
shall | ||
supply current annuitant addresses to the City of Chicago upon | ||
request.
These mailings shall be limited to informing the | ||
annuitants of their rights
under this subsection (b), the form | ||
authorizing the withholding of dues from
their annuity and | ||
information supplied by the labor organization pertinent to
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the decision of whether to exercise the rights of this | ||
subsection.
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(Source: P.A. 100-23, eff. 7-6-17; 101-69, eff. 7-12-19.)
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