Bill Text: IL SB1893 | 2025-2026 | 104th General Assembly | Introduced
Bill Title: Provides that the total payments under a provision concerning the Board providing partial reimbursement of health insurance costs may not exceed $100,000,000 (instead of $65,000,000) in any year. Provides that the amount shall annually thereafter be increased by the annual unadjusted percentage increase (but not less than zero) in the consumer price index for the 12 months ending with the September preceding each November 1, including all previous adjustments. Defines "consumer price index". Amends the State Mandates Act to require implementation without reimbursement by the State.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2025-02-06 - Referred to Assignments [SB1893 Detail]
Download: Illinois-2025-SB1893-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, | ||||||||||||||||||||||||
3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by | ||||||||||||||||||||||||
5 | changing Section 17-142.1 as follows:
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6 | (40 ILCS 5/17-142.1) (from Ch. 108 1/2, par. 17-142.1) | ||||||||||||||||||||||||
7 | Sec. 17-142.1. To defray health insurance costs. To | ||||||||||||||||||||||||
8 | provide for the partial reimbursement of health insurance | ||||||||||||||||||||||||
9 | costs. | ||||||||||||||||||||||||
10 | (1) On the first day of September of each year, beginning | ||||||||||||||||||||||||
11 | in 1988, the Board may, by separate warrant, pay to each | ||||||||||||||||||||||||
12 | recipient of a service retirement, disability retirement or | ||||||||||||||||||||||||
13 | survivor's pension an amount to be determined by the Board, | ||||||||||||||||||||||||
14 | which shall represent partial reimbursement for the cost of | ||||||||||||||||||||||||
15 | the recipient's health insurance coverage. | ||||||||||||||||||||||||
16 | (2) In lieu of the annual payment authorized in | ||||||||||||||||||||||||
17 | subdivision (1), for pensioners enrolled in the Fund's regular | ||||||||||||||||||||||||
18 | health care deduction plans, the Fund may pay the health | ||||||||||||||||||||||||
19 | insurance premium reimbursement on a monthly rather than | ||||||||||||||||||||||||
20 | annual basis, at the percentage rate established from time to | ||||||||||||||||||||||||
21 | time by the Board. If the Board so directs, these monthly | ||||||||||||||||||||||||
22 | payments may be made in the form of a direct payment of premium | ||||||||||||||||||||||||
23 | and a reduction in the amount deducted from the annuity, |
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