Bill Text: IL HB0709 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Chicago Police Article of the Illinois Pension Code. Provides a compounded 3% annual increase in surviving spouse 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 [HB0709 Detail]
Download: Illinois-2009-HB0709-Introduced.html
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1 | AN ACT in relation to public employee benefits.
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2 | Be it enacted by the People of the State of Illinois, | ||||||||||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by adding | ||||||||||||||||||||||||||
5 | Section 5-136.2
as follows:
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6 | (40 ILCS 5/5-136.2 new)
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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% of | ||||||||||||||||||||||||||
10 | the original fixed amount of
the annuity on the later of (1) | ||||||||||||||||||||||||||
11 | January 1, 2010, or (2) the January 1 occurring
on or next | ||||||||||||||||||||||||||
12 | following the first anniversary of the granting of the annuity.
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13 | On each January 1 following the initial increase under this | ||||||||||||||||||||||||||
14 | subsection,
each widow's annuity payable under this Article | ||||||||||||||||||||||||||
15 | shall be increased by an amount
equal to 3% of the current | ||||||||||||||||||||||||||
16 | amount of the annuity, including any previous
increases under | ||||||||||||||||||||||||||
17 | this Section.
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18 | (b) The limitations on the maximum amount of widow's | ||||||||||||||||||||||||||
19 | annuity imposed under
Section 5-148 and the provisions of this | ||||||||||||||||||||||||||
20 | Article on fixation of the amount of
widow's annuity do not | ||||||||||||||||||||||||||
21 | apply to the annual increases provided under this
Section. The | ||||||||||||||||||||||||||
22 | increases provided under this Section apply without regard to
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23 | whether or not the deceased employee was in service on or after |
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1 | the effective
date of this amendatory Act of the 96th General | ||||||
2 | Assembly.
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3 | (c) The increases provided in this Section do apply to a | ||||||
4 | compensation or
supplemental annuity under Section 5-144.
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5 | The increases provided in this Section do not apply to a | ||||||
6 | reversionary or
term annuity.
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7 | Section 90. The State Mandates Act is amended by adding | ||||||
8 | Section 8.33 as follows:
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9 | (30 ILCS 805/8.33 new) | ||||||
10 | Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
11 | of this Act, no reimbursement by the State is required for the | ||||||
12 | implementation of any mandate created by this amendatory Act of | ||||||
13 | the 96th General Assembly.
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14 | Section 99. Effective date. This Act takes effect upon | ||||||
15 |