Bill Text: IL HB0561 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides for noncompounded 3% automatic annual increases in all widow's annuities (other than term annuities). Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB0561 Detail]
Download: Illinois-2009-HB0561-Introduced.html
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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by adding | ||||||||||||||||||||||||||
5 | Section 6-164.3 as follows:
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6 | (40 ILCS 5/6-164.3 new)
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7 | Sec. 6-164.3. Automatic annual increase in widow's | ||||||||||||||||||||||||||
8 | annuity. | ||||||||||||||||||||||||||
9 | (a) Every widow's annuity, other than a term annuity, shall | ||||||||||||||||||||||||||
10 | be increased
on January 1, 2010 or the January 1 occurring on | ||||||||||||||||||||||||||
11 | or immediately after the first
anniversary of the deceased | ||||||||||||||||||||||||||
12 | fireman's death, whichever occurs later, and on each subsequent | ||||||||||||||||||||||||||
13 | January 1, by an
amount equal to 3% of the original amount of | ||||||||||||||||||||||||||
14 | the annuity. | ||||||||||||||||||||||||||
15 | (b) Limitations on the maximum amount of widow's annuity | ||||||||||||||||||||||||||
16 | imposed under
this Article do not apply to the annual increases | ||||||||||||||||||||||||||
17 | provided under this Section.
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18 | (c) The increases provided under this Section do apply to | ||||||||||||||||||||||||||
19 | minimum widow's annuities. The
increases provided under this | ||||||||||||||||||||||||||
20 | Section do not apply to term annuities.
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21 | Section 90. The State Mandates Act is amended by adding | ||||||||||||||||||||||||||
22 | Section 8.33 as follows:
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1 | (30 ILCS 805/8.33 new) | ||||||
2 | Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
3 | of this Act, no reimbursement by the State is required for the | ||||||
4 | implementation of any mandate created by this amendatory Act of | ||||||
5 | the 96th General Assembly.
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6 | Section 99. Effective date. This Act takes effect upon | ||||||
7 | becoming law.
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