Bill Text: IL SB0553 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Downstate Firefighter Article of the Illinois Pension Code. Makes a technical change in a Section concerning retirement pensions.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-08-15 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB0553 Detail]
Download: Illinois-2009-SB0553-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 changing | ||||||||||||||||||||||||
5 | Section 4-109 as follows:
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6 | (40 ILCS 5/4-109) (from Ch. 108 1/2, par. 4-109)
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7 | Sec. 4-109. Pension.
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8 | (a) A firefighter age 50 or more with 20 or more years of | ||||||||||||||||||||||||
9 | creditable
service, who is no longer in service as a | ||||||||||||||||||||||||
10 | firefighter, shall receive a monthly
pension of 1/2 the
the | ||||||||||||||||||||||||
11 | monthly salary attached to the rank held by him or her in
the | ||||||||||||||||||||||||
12 | fire service at the date of retirement. | ||||||||||||||||||||||||
13 | The monthly pension shall be increased by 1/12 of 2.5% of | ||||||||||||||||||||||||
14 | such
monthly salary for each additional month over 20 years of | ||||||||||||||||||||||||
15 | service through 30
years of service, to a maximum of 75% of | ||||||||||||||||||||||||
16 | such monthly salary.
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17 | The changes made to this subsection (a) by this amendatory | ||||||||||||||||||||||||
18 | Act of the
91st General Assembly apply to all pensions that | ||||||||||||||||||||||||
19 | become payable under this
subsection on or after January 1, | ||||||||||||||||||||||||
20 | 1999. All pensions payable under this
subsection that began on | ||||||||||||||||||||||||
21 | or after January 1, 1999 and before the effective date
of this | ||||||||||||||||||||||||
22 | amendatory Act shall be recalculated, and the amount of the | ||||||||||||||||||||||||
23 | increase
accruing for that period shall be payable to the |
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1 | pensioner in a lump sum.
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2 | (b) A firefighter who retires or is separated from service | ||||||
3 | having at
least 10 but less than 20 years of creditable | ||||||
4 | service, who is not entitled
to receive a disability pension, | ||||||
5 | and who did not apply for a refund of
contributions at his or | ||||||
6 | her last separation from service shall receive a
monthly | ||||||
7 | pension upon attainment of age 60 based on the monthly salary | ||||||
8 | attached
to his or her rank in the fire service on the date of | ||||||
9 | retirement or separation
from service according to the | ||||||
10 | following schedule:
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11 | For 10 years of service, 15% of salary;
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12 | For 11 years of service, 17.6% of salary;
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13 | For 12 years of service, 20.4% of salary;
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14 | For 13 years of service, 23.4% of salary;
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15 | For 14 years of service, 26.6% of salary;
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16 | For 15 years of service, 30% of salary;
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17 | For 16 years of service, 33.6% of salary;
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18 | For 17 years of service, 37.4% of salary;
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19 | For 18 years of service, 41.4% of salary;
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20 | For 19 years of service, 45.6% of salary.
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21 | (Source: P.A. 91-466, eff. 8-6-99.)
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