Bill Text: IL SB1635 | 2013-2014 | 98th General Assembly | Amended

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Bill Title: Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that when any amounts are refunded, the corresponding city contributions and interest, unless needed for the prior service annuity reserve, shall be used to reduce the unfunded liability of the fund (rather than to reduce a future city contribution). Amends the State Mandates Act to require implementation without reimbursement.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2015-01-13 - Session Sine Die [SB1635 Detail]

Download: Illinois-2013-SB1635-Amended.html

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Sen. John G. Mulroe

Filed: 4/10/2013

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AMENDMENT TO SENATE BILL 1635
AMENDMENT NO. ______. Amend Senate Bill 1635 by replacing
everything after the enacting clause with the following:
"Section 5. The Illinois Pension Code is amended by adding
Section 6-230 as follows:
(40 ILCS 5/6-230 new)
Sec. 6-230. Non-forfeitability. Upon termination of the
Fund or upon the complete discontinuance of contributions to
the Fund, the rights of each participant to benefits accrued to
the date of the termination or discontinuance are
non-forfeitable to the extent then funded.
Section 90. The State Mandates Act is amended by adding
Section 8.37 as follows:
(30 ILCS 805/8.37 new)

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Sec. 8.37. Exempt mandate. Notwithstanding Sections 6 and 8
of this Act, no reimbursement by the State is required for the
implementation of any mandate created by this amendatory Act of
the 98th General Assembly.".