Bill Text: IL HB0578 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Chicago Teacher Article of the Illinois Pension Code. Limits what the Board may reimburse for the cost of health care insurance coverage to 75% of the cost for recipients of a service retirement, disability retirement, or survivor's pension and removes other provisions limiting the reimbursement. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB0578 Detail]
Download: Illinois-2009-HB0578-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 changing | ||||||||||||||||||||||||
5 | Section 17-142.1 as follows:
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6 | (40 ILCS 5/17-142.1) (from Ch. 108 1/2, par. 17-142.1)
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7 | Sec. 17-142.1. To defray health insurance costs. To provide | ||||||||||||||||||||||||
8 | for the
partial reimbursement of health insurance costs.
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9 | (1) On the first day of September of each year, beginning | ||||||||||||||||||||||||
10 | in 1988,
the Board may, by separate warrant, pay to each | ||||||||||||||||||||||||
11 | recipient of a service
retirement, disability retirement or | ||||||||||||||||||||||||
12 | survivor's pension an amount to be
determined by the Board, | ||||||||||||||||||||||||
13 | which shall represent partial reimbursement of 75% of
for
the | ||||||||||||||||||||||||
14 | cost of the recipient's health insurance coverage.
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15 | (2) In lieu of the annual payment authorized in subdivision | ||||||||||||||||||||||||
16 | (1), for
pensioners enrolled in the Fund's regular health care | ||||||||||||||||||||||||
17 | deduction plans, the
Fund may pay the health insurance premium | ||||||||||||||||||||||||
18 | reimbursement on a monthly rather
than annual basis, at the | ||||||||||||||||||||||||
19 | percentage rate established from time to time by
the Board. If | ||||||||||||||||||||||||
20 | the Board so directs, these monthly payments may be made in
the | ||||||||||||||||||||||||
21 | form of a direct payment of premium and a reduction in the | ||||||||||||||||||||||||
22 | amount
deducted from the annuity, rather than in the form of | ||||||||||||||||||||||||
23 | reimbursement by
separate warrant.
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1 | (3) Total payments under this Section in any year may not | ||||||
2 | exceed
$65,000,000 plus any amount that was authorized to be | ||||||
3 | paid
under this Section in the preceding year but was not | ||||||
4 | actually paid by the
Board, including any interest earned | ||||||
5 | thereon.
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6 | (4) The total amount of payments under this Section in any | ||||||
7 | year may not exceed 75% of the total cost of health insurance | ||||||
8 | coverage in that year for all the recipients who receive | ||||||
9 | payments authorized by this Section in that year.
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10 | (Source: P.A. 93-677, eff. 6-28-04.)
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11 | Section 99. Effective date. This Act takes effect upon | ||||||
12 | becoming law.
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