Bill Text: IL SB0376 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the State Employees Article of the Illinois Pension Code. Makes a technical change in a Section concerning federal or out-of-state employment.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2019-01-09 - Session Sine Die [SB0376 Detail]
Download: Illinois-2017-SB0376-Introduced.html
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
| |||||||||||||||||||||||||
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. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||
5 | Section 14-104.10 as follows:
| ||||||||||||||||||||||||
6 | (40 ILCS 5/14-104.10)
| ||||||||||||||||||||||||
7 | Sec. 14-104.10. Federal or out-of-state employment. A | ||||||||||||||||||||||||
8 | contributing
employee may establish additional service credit | ||||||||||||||||||||||||
9 | for periods of full-time
employment by the
the federal | ||||||||||||||||||||||||
10 | government or a unit of state or local government
located | ||||||||||||||||||||||||
11 | outside Illinois for which he or she does not qualify for | ||||||||||||||||||||||||
12 | credit under
any other provision of this Article, provided that | ||||||||||||||||||||||||
13 | (i) the amount of service
credit established by a person under | ||||||||||||||||||||||||
14 | this Section shall not exceed 8 years or
40% of his or her | ||||||||||||||||||||||||
15 | membership service under this Article, whichever is less,
(ii) | ||||||||||||||||||||||||
16 | the amount of service credit established by a person under this | ||||||||||||||||||||||||
17 | Section
for federal employment, when added to the amount of all | ||||||||||||||||||||||||
18 | military service credit
granted to the person under this | ||||||||||||||||||||||||
19 | Article, shall not exceed 8 years, and (iii)
any credit | ||||||||||||||||||||||||
20 | received for the federal or out-of-state employment in any | ||||||||||||||||||||||||
21 | federal
or other public employee pension fund or retirement | ||||||||||||||||||||||||
22 | system has been terminated
or relinquished. Credit may not be | ||||||||||||||||||||||||
23 | established under this Section for any
period of military |
| |||||||
| |||||||
1 | service or for any period for which credit has been or may
be | ||||||
2 | established under Section 14-110 or any other provision of this | ||||||
3 | Article. | ||||||
4 | In order to establish service credit under this Section, | ||||||
5 | the applicant must
submit a written application to the System | ||||||
6 | by June 30, 1999,
including documentation of the federal or | ||||||
7 | out-of-state employment satisfactory
to the Board, and pay to | ||||||
8 | the System (1) employee contributions at the rates
provided in | ||||||
9 | this Article based upon the person's salary on the last day as | ||||||
10 | a
participating employee prior to the federal or out-of-state | ||||||
11 | employment, or on
the first day as a participating employee | ||||||
12 | after that employment, whichever is
greater, plus (2) an amount | ||||||
13 | determined by the Board to be equal to the
employer's normal | ||||||
14 | cost of the benefits accrued for that employment, plus (3)
| ||||||
15 | regular interest on items (1) and (2) from the date of | ||||||
16 | conclusion of the
employment to the date of payment.
| ||||||
17 | (Source: P.A. 90-32, eff. 6-27-97; 90-655, eff. 7-30-98; | ||||||
18 | 90-766, eff.
8-14-98.)
|