Bill Text: IL HB2071 | 2019-2020 | 101st General Assembly | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Reinserts the provisions of the introduced bill with the following changes. Provides that a participant establishing service credit and earnings credit for periods of furlough or salary reduction must be an active participant and must pay the specified employee contributions while he or she is an active participant and within 12 months after the date of application. Provides that to receive the service credit and earnings credit for periods of furlough, the participant must not receive compensation or any type of remuneration from the county (instead of compensation) for any furlough period and must provide a written certification from the county stating that the participant has not received compensation or any type of remuneration from the county for such furlough days. Provides that to receive the service credit and earnings credit for periods of salary reduction, the participant must not receive compensation or any type of remuneration from the county for any reduction in salary and must provide a written certification from the county stating that the participant has not received compensation or any type of remuneration from the county for such reduction in salary. Specifies that the employer's normal cost for the purposes of the provision shall be determined by the Fund's actuarial valuation for the year ending December 31, 2018. Provides that any payments received under the provisions shall be considered contributions made by the employee for the purposes of determining the annual tax levy and county contribution rate under the Cook County and Cook County Forest Preserve Articles. Makes other changes. Effective immediately.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2019-06-07 - Public Act . . . . . . . . . 101-0011 [HB2071 Detail]
Download: Illinois-2019-HB2071-Engrossed.html
Bill Title: Reinserts the provisions of the introduced bill with the following changes. Provides that a participant establishing service credit and earnings credit for periods of furlough or salary reduction must be an active participant and must pay the specified employee contributions while he or she is an active participant and within 12 months after the date of application. Provides that to receive the service credit and earnings credit for periods of furlough, the participant must not receive compensation or any type of remuneration from the county (instead of compensation) for any furlough period and must provide a written certification from the county stating that the participant has not received compensation or any type of remuneration from the county for such furlough days. Provides that to receive the service credit and earnings credit for periods of salary reduction, the participant must not receive compensation or any type of remuneration from the county for any reduction in salary and must provide a written certification from the county stating that the participant has not received compensation or any type of remuneration from the county for such reduction in salary. Specifies that the employer's normal cost for the purposes of the provision shall be determined by the Fund's actuarial valuation for the year ending December 31, 2018. Provides that any payments received under the provisions shall be considered contributions made by the employee for the purposes of determining the annual tax levy and county contribution rate under the Cook County and Cook County Forest Preserve Articles. Makes other changes. Effective immediately.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2019-06-07 - Public Act . . . . . . . . . 101-0011 [HB2071 Detail]
Download: Illinois-2019-HB2071-Engrossed.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 9-179.4 as follows:
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6 | (40 ILCS 5/9-179.4 new) | ||||||
7 | Sec. 9-179.4. Service for periods of furlough or salary | ||||||
8 | reduction. | ||||||
9 | (a) A participant may establish service credit and earnings | ||||||
10 | credit for periods of furlough beginning on or after December | ||||||
11 | 1, 2017 and ending on or before November 30, 2018. To receive | ||||||
12 | this credit, the participant must (i) apply in writing to the | ||||||
13 | Fund before December 31, 2019; (ii) not receive compensation | ||||||
14 | from the county for any furlough period; and (iii) make, on an | ||||||
15 | after-tax basis, employee contributions required under this | ||||||
16 | Article based on his or her salary during the periods of | ||||||
17 | furlough, plus an amount determined by the Board to be equal to | ||||||
18 | the employer's normal cost of the benefit, plus compounded | ||||||
19 | interest at the actuarially assumed rate from the date of | ||||||
20 | furlough to the date of payment. The participant shall provide, | ||||||
21 | at the time of application, written certification from the | ||||||
22 | county providing the total number of furlough days a | ||||||
23 | participant has been required to take. |
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1 | (b) A participant may establish earnings credit for periods | ||||||
2 | of salary reduction beginning on or after December 1, 2017 and | ||||||
3 | ending on or before November 30, 2018 | ||||||
. To receive this credit, | |||||||
4 | the participant must: (1) apply in writing to the Fund before | ||||||
5 | December 31, 2019; and (2) make, on an after-tax basis, | ||||||
6 | employee contributions required under this Article based on the | ||||||
7 | reduction in salary, plus an amount determined by the Board to | ||||||
8 | be equal to the employer's normal cost of the benefit, plus | ||||||
9 | compounded interest at the actuarially assumed rate from the | ||||||
10 | date of reduction in salary to the date of payment. The | ||||||
11 | participant shall provide, at the time of application, written | ||||||
12 | certification from the county providing the total reduction in | ||||||
13 | salary per pay period for each pay period with a reduction in | ||||||
14 | salary.
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15 | Section 90. The State Mandates Act is amended by adding | ||||||
16 | Section 8.43 as follows:
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17 | (30 ILCS 805/8.43 new) | ||||||
18 | Sec. 8.43. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
19 | of this Act, no reimbursement by the State is required for the | ||||||
20 | implementation of any mandate created by this amendatory Act of | ||||||
21 | the 101st General Assembly.
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22 | Section 99. Effective date. This Act takes effect upon | ||||||
23 | becoming law.
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