Bill Text: IL HB3898 | 2013-2014 | 98th General Assembly | Amended

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning definitions.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-05-07 - Tabled [HB3898 Detail]

Download: Illinois-2013-HB3898-Amended.html

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Rep. Deborah Conroy

Filed: 3/13/2014

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AMENDMENT TO HOUSE BILL 3898
AMENDMENT NO. ______. Amend House Bill 3898 by replacing
everything after the enacting clause with the following:
"Section 5. The Illinois Pension Code is amended by
changing Section 7-144.3 as follows:
(40 ILCS 5/7-144.3) (from Ch. 108 1/2, par. 7-144.3)
Sec. 7-144.3. Supplemental benefit payment.
(a) Notwithstanding any other provision of this Code, no
supplemental benefit payment shall be made under this Section
after January 1, 2015. For the purposes of Section 1-103.1 of
this Code, this termination of supplemental benefit payments
applies to all present and future annuitants, without regard to
employment on or after the effective date of this amendatory
Act of the 98th General Assembly.
A supplemental benefit payment, consisting of a sum
calculated as provided in subsection (c), shall be payable to

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each eligible retirement annuitant and surviving spouse
annuitant on July 1, 1993, and on each subsequent July 1;
except that if this Code is amended to change the uncompounded
annual increase in retirement annuity granted in subsection (c)
of Section 7-142 to a compounded annual increase, no
supplemental benefit shall be paid under this Section on any
July 1 occurring on or after the effective date of that
amendment. The amount of the supplemental benefit payment, and
a person's eligibility to receive the supplemental benefit
payment, shall be redetermined for each year in which the
benefit is payable.
(b) To be eligible to receive a supplemental benefit
payment, a person must be entitled to receive a retirement
annuity or surviving spouse annuity from the Fund on the July 1
supplemental benefit payment date, and must have been receiving
that annuity during each of the 12 months immediately preceding
that date; except that a surviving spouse annuitant whose
surviving spouse annuity began less than one year before the
July 1 supplemental benefit payment date shall be eligible if
the deceased spouse received a retirement annuity from the Fund
during the period from the previous July 1 until the start of
the surviving spouse annuity.
(c) The amount of the supplemental benefit payment shall be
determined by the Board as follows:
(1) The total amount available for the payment of
supplemental benefit payments under this Section in any

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year shall be 0.62% of the last annual participating
payroll for all participating municipalities and
participating instrumentalities in the Fund, as determined
and reconciled by the Fund.
(2) The amount of the supplemental benefit payment to
each eligible person shall be a portion of the total amount
available under paragraph (1), equal to that portion of the
total amount payable by the Fund to all eligible persons
for retirement and surviving spouse annuities in the June
preceding the July 1 supplemental benefit payment date,
that is payable to the eligible person in that month.
(3) Notwithstanding paragraph (2), the amount of any
supplemental benefit payment paid to an annuitant under
this Section shall not exceed any benefit limitations
established by the federal government for qualified public
pension plans.
(Source: P.A. 87-850.)".