Bill Text: IL HB3343 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: Amends the Chicago Police Article of the Illinois Pension Code. In a provision authorizing an active policeman to establish credit for certain prior law enforcement service, provides that the requirement that the policeman applies for the credit within 2 years after beginning employment does not apply to an active policeman who becomes a member of the Fund on or after December 1, 2019, makes an application for the credit in writing prior to December 31, 2023, and pays to the Fund, within 5 years after the date of application, a specified amount. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2023-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB3343 Detail]
Download: Illinois-2023-HB3343-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 | ||||||||||||||||||||||||||
5 | changing Section 5-214.2 as follows:
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6 | (40 ILCS 5/5-214.2) | ||||||||||||||||||||||||||
7 | Sec. 5-214.2. Credit for certain law enforcement service. | ||||||||||||||||||||||||||
8 | An active policeman who is a member of this Fund on or before | ||||||||||||||||||||||||||
9 | the effective date of this Section may establish up to 10 years | ||||||||||||||||||||||||||
10 | of additional service credit in 6-month increments for service | ||||||||||||||||||||||||||
11 | in a law enforcement capacity under Articles 3, 7, 8, 9, 10, | ||||||||||||||||||||||||||
12 | 13, 14, and 15 and Division 1 of Article 22, as a law | ||||||||||||||||||||||||||
13 | enforcement officer with the Chicago Housing Authority, or as | ||||||||||||||||||||||||||
14 | a law enforcement officer with any agency of the United States | ||||||||||||||||||||||||||
15 | government, provided that: (1) service credit is not available | ||||||||||||||||||||||||||
16 | for that employment under any other provision of this Article; | ||||||||||||||||||||||||||
17 | (2) any service credit for that employment received under any | ||||||||||||||||||||||||||
18 | other provision of this Code or under the retirement plan of | ||||||||||||||||||||||||||
19 | the Chicago Housing Authority or Federal Employee Retirement | ||||||||||||||||||||||||||
20 | System has been terminated; and (3) the policeman applies for | ||||||||||||||||||||||||||
21 | this credit in writing within one year after the effective | ||||||||||||||||||||||||||
22 | date of this Section and pays to the Fund within 5 years after | ||||||||||||||||||||||||||
23 | the date of application an amount to be determined by the Fund |
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1 | in accordance with this Section. | ||||||
2 | An active policeman who becomes a member of this Fund | ||||||
3 | after the effective date of this Section may establish up to 10 | ||||||
4 | years of additional service credit in 6-month increments for | ||||||
5 | service in a law enforcement capacity under Articles 3, 7, 8, | ||||||
6 | 9, 10, 13, 14, and 15 and Division 1 of Article 22, as a law | ||||||
7 | enforcement officer with the Chicago Housing Authority, or as | ||||||
8 | a law enforcement officer with any agency of the United States | ||||||
9 | government, provided that: (1) service credit is not available | ||||||
10 | for that employment under any other provision of this Article; | ||||||
11 | (2) any service credit for that employment received under any | ||||||
12 | other provision of this Code or under the retirement plan of | ||||||
13 | the Chicago Housing Authority or Federal Employee Retirement | ||||||
14 | System has been terminated; and (3) the policeman applies for | ||||||
15 | this credit in writing within 2 years after he or she begins | ||||||
16 | employment under this Article and pays to the Fund within 5 | ||||||
17 | years after the date of application an amount to be determined | ||||||
18 | by the Fund in accordance with this Section ; except that the | ||||||
19 | 2-year requirement to file an application does not apply to an | ||||||
20 | active policeman who becomes a member of this Fund on or after | ||||||
21 | December 1, 2019, makes an application for this credit in | ||||||
22 | writing prior to December 31, 2023, and pays to the Fund, | ||||||
23 | within 5 years after the date of application, an amount to be | ||||||
24 | determined by the Fund in accordance with this Section . | ||||||
25 | The Fund must determine the policeman's payment required | ||||||
26 | to establish creditable service under this Section by taking |
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1 | into account the appropriate actuarial assumptions, including | ||||||
2 | without limitation the police officer's service, age, and | ||||||
3 | salary history; the level of funding of the Fund; and any other | ||||||
4 | factors that the Fund determines to be relevant. For this | ||||||
5 | purpose, the policeman's required payment should result in no | ||||||
6 | significant increase to the Fund's unfunded actuarial accrued | ||||||
7 | liability determined as of the most recent actuarial | ||||||
8 | valuation, based on the same assumptions and methods used to | ||||||
9 | develop and report the Fund's actuarial accrued liability and | ||||||
10 | actuarial value of assets under Statement No. 25 of | ||||||
11 | Governmental Accounting Standards Board or any subsequent | ||||||
12 | applicable Statement.
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13 | (Source: P.A. 95-1036, eff. 2-17-09; 96-285, eff. 8-11-09.)
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14 | Section 90. The State Mandates Act is amended by adding | ||||||
15 | Section 8.47 as follows:
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16 | (30 ILCS 805/8.47 new) | ||||||
17 | Sec. 8.47. Exempt mandate. Notwithstanding Sections 6 and | ||||||
18 | 8 of this Act, no reimbursement by the State is required for | ||||||
19 | the implementation of any mandate created by this amendatory | ||||||
20 | Act of the 103rd General Assembly.
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21 | Section 99. Effective date. This Act takes effect upon | ||||||
22 | becoming law.
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