HB2582 Engrossed LRB096 06189 AMC 16271 b
1		AN ACT concerning public employee benefits.
2		Be it enacted by the People of the State of Illinois,
3		represented in the General Assembly:
4		Section 5. If, and only if, Senate Bill 2520 of the 95th
5		General Assembly becomes law, then the Illinois Pension Code is
6		amended by changing Section 5-214.2 as follows:
7		(40 ILCS 5/5-214.2)
8		Sec. 5-214.2. Credit for certain law enforcement service.
9		An active policeman who is a member of this Fund on or before
10		the effective date of this Section may establish up to 10 years
11		of additional service credit in 6-month increments for service
12		in a law enforcement capacity under Articles 3, 7, 8, 9, 10,
13		13, 14, and 15 and Division 1 of Article 22, or as a law
14		enforcement officer with the Chicago Housing Authority, or as a
15		law enforcement officer with any agency of the United States
16		government, provided that: (1) service credit is not available
17		for that employment under any other provision of this Article;
18		(2) any service credit for that employment received under any
19		other provision of this Code or under the retirement plan of
20		the Chicago Housing Authority or Federal Employee Retirement
21		System has been terminated; and (3) the policeman applies for
22		this credit in writing within one year after the effective date
23		of this Section and pays to the Fund within 5 years after the

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1		date of application an amount to be determined by the Fund in
2		accordance with this Section.
3		An active policeman who becomes a member of this Fund after
4		the effective date of this Section may establish up to 10 years
5		of additional service credit in 6-month increments for service
6		in a law enforcement capacity under Articles 3, 7, 8, 9, 10,
7		13, 14, and 15 and Division 1 of Article 22, or as a law
8		enforcement officer with the Chicago Housing Authority, or as a
9		law enforcement officer with any agency of the United States
10		government, provided that: (1) service credit is not available
11		for that employment under any other provision of this Article;
12		(2) any service credit for that employment received under any
13		other provision of this Code or under the retirement plan of
14		the Chicago Housing Authority or Federal Employee Retirement
15		System has been terminated; and (3) the policeman applies for
16		this credit in writing within 2 years after he or she begins
17		employment under this Article and pays to the Fund within 5
18		years after the date of application an amount to be determined
19		by the Fund in accordance with this Section.
20		The Fund must determine the policeman's payment required to
21		establish creditable service under this Section by taking into
22		account the appropriate actuarial assumptions, including
23		without limitation the police officer's service, age, and
24		salary history; the level of funding of the Fund; and any other
25		factors that the Fund determines to be relevant. For this
26		purpose, the policeman's required payment should result in no

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1		significant increase to the Fund's unfunded actuarial accrued
2		liability determined as of the most recent actuarial valuation,
3		based on the same assumptions and methods used to develop and
4		report the Fund's actuarial accrued liability and actuarial
5		value of assets under Statement No. 25 of Governmental
6		Accounting Standards Board or any subsequent applicable
7		Statement.
8		(Source: 95SB2520enr.)
9		Section 90. The State Mandates Act is amended by adding
10		Section 8.33 as follows:
11		(30 ILCS 805/8.33 new)
12		Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8
13		of this Act, no reimbursement by the State is required for the
14		implementation of any mandate created by this amendatory Act of
15		the 96th General Assembly.
16		Section 99. Effective date. This Act takes effect upon
17		becoming law.