Bill Text: IL HB3646 | 2023-2024 | 103rd General Assembly | Chaptered
Bill Title: Amends the Chicago Municipal Article of the Illinois Pension Code. In a provision authorizing certain employees to make a contribution and receive service credit for service with the Chicago Transit Authority or its predecessor, provides that the contribution shall be based on the assumption that the employee's salary throughout all of his or her service with the Chicago Transit Authority or its predecessor was at the rate of the employee's salary at the later of the date of his or her entrance or reentrance into the service as a municipal employee, as applicable (instead of at the date of his or her entrance into the service as a municipal employee). Amends the State Mandates Act to require implementation without reimbursement.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2023-08-07 - Public Act . . . . . . . . . 103-0455 [HB3646 Detail]
Download: Illinois-2023-HB3646-Chaptered.html
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| Public Act 103-0455 | ||||
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AN ACT concerning public employee benefits.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Pension Code is amended by | ||||
changing Section 8-230.1 as follows:
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(40 ILCS 5/8-230.1) (from Ch. 108 1/2, par. 8-230.1)
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Sec. 8-230.1. Right of employees to contribute for certain | ||||
other service.
Any employee in the service, after having made | ||||
contributions covering a period
of 10 or more years to the | ||||
annuity and benefit fund herein provided for, may
elect to pay | ||||
for and receive credit for all annuity purposes for service
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theretofore rendered by the employee to the Chicago Transit
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Authority created by the Metropolitan Transit Authority Act or | ||||
its predecessor public utilities;
provided that the last 5 | ||||
years of service prior to retirement on annuity
shall have | ||||
been as an employee of the City and a contributor to this Fund.
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Such service credit may be paid for and granted on the same | ||||
basis and
conditions as are applicable in the case of | ||||
employees who make payment for
past service under the | ||||
provisions of Section 8-230, but on the assumption that the | ||||
employee's salary
throughout all of his or her service with | ||||
the Authority or its
predecessor public utilities was at the | ||||
rate of the employee's
salary at the later of the date of his | ||||
or her entrance or reentrance into the service as a municipal
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employee, as applicable. In no event, however, shall such | ||
service be credited if the employee
has not forfeited and | ||
relinquished pension credit for service
covering such period | ||
under any pension or retirement plan applicable
to the | ||
Authority or its predecessor public utilities and
instituted | ||
and maintained by the Authority or its predecessor
public | ||
utilities for the benefit of its employees.
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(Source: P.A. 90-655, eff. 7-30-98.)
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Section 90. The State Mandates Act is amended by adding | ||
Section 8.47 as follows:
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(30 ILCS 805/8.47 new) | ||
Sec. 8.47. 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 103rd General Assembly.
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