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Public Act 103-0455


 

Public Act 0455 103RD GENERAL ASSEMBLY

  
  
  

 


 
Public Act 103-0455
 
HB3646 EnrolledLRB103 29153 RPS 55539 b

    AN ACT concerning public employee benefits.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Pension Code is amended by
changing Section 8-230.1 as follows:
 
    (40 ILCS 5/8-230.1)  (from Ch. 108 1/2, par. 8-230.1)
    Sec. 8-230.1. Right of employees to contribute for certain
other service. Any employee in the service, after having made
contributions covering a period of 10 or more years to the
annuity and benefit fund herein provided for, may elect to pay
for and receive credit for all annuity purposes for service
theretofore rendered by the employee to the Chicago Transit
Authority created by the Metropolitan Transit Authority Act or
its predecessor public utilities; provided that the last 5
years of service prior to retirement on annuity shall have
been as an employee of the City and a contributor to this Fund.
Such service credit may be paid for and granted on the same
basis and conditions as are applicable in the case of
employees who make payment for past service under the
provisions of Section 8-230, but on the assumption that the
employee's salary throughout all of his or her service with
the Authority or its predecessor public utilities was at the
rate of the employee's salary at the later of the date of his
or her entrance or reentrance into the service as a municipal
employee, as applicable. In no event, however, shall such
service be credited if the employee has not forfeited and
relinquished pension credit for service covering such period
under any pension or retirement plan applicable to the
Authority or its predecessor public utilities and instituted
and maintained by the Authority or its predecessor public
utilities for the benefit of its employees.
(Source: P.A. 90-655, eff. 7-30-98.)
 
    Section 90. The State Mandates Act is amended by adding
Section 8.47 as follows:
 
    (30 ILCS 805/8.47 new)
    Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and
8 of this Act, no reimbursement by the State is required for
the implementation of any mandate created by this amendatory
Act of the 103rd General Assembly.

Effective Date: 1/1/2024