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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB3496 Introduced , by Rep. Kelly Burke SYNOPSIS AS INTRODUCED:
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Amends the Chicago Firefighter Article of the Illinois Pension Code. In a Section relating to a person who first
becomes a fireman on or after January 1, 2011, provides for payment of an ordinary death benefit. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
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| | HB3496 | | LRB099 10561 EFG 30788 b |
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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 6-229 as follows:
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| 6 | | (40 ILCS 5/6-229) |
| 7 | | Sec. 6-229. Provisions applicable to new hires. |
| 8 | | (a) Notwithstanding any other provision of this Article,
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| 9 | | the provisions of this Section apply to a person who first
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| 10 | | becomes a fireman under this Article on or after January 1, |
| 11 | | 2011. |
| 12 | | (b) A fireman age 55 or more who has 10 or more years of |
| 13 | | service in that capacity shall be entitled at his or her option |
| 14 | | to receive a monthly retirement annuity for his or her service |
| 15 | | as a fireman computed by multiplying 2.5% for each year of such |
| 16 | | service by his or her final average salary. |
| 17 | | The retirement annuity of a fireman who is retiring after |
| 18 | | attaining age 50 with 10 or more years of creditable service |
| 19 | | shall be reduced by one-half of 1% for each month that the |
| 20 | | fireman's age is under age 55. |
| 21 | | The maximum retirement annuity under this subsection (b) |
| 22 | | shall be 75%
of final average salary. |
| 23 | | For the purposes of this subsection (b), "final average |
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| 1 | | salary" means the average monthly salary obtained by dividing |
| 2 | | the total salary of the fireman during the 96 consecutive |
| 3 | | months of service within the last 120 months of service in |
| 4 | | which the total salary was the highest by the number of months |
| 5 | | of service in that period. |
| 6 | | Beginning on January 1, 2011, for all purposes under
this |
| 7 | | Code (including without limitation the calculation of
benefits |
| 8 | | and employee contributions), the annual salary
based on the |
| 9 | | plan year of a member or participant to whom this Section |
| 10 | | applies shall not exceed $106,800; however, that amount shall |
| 11 | | annually thereafter be increased by the lesser of (i) 3% of |
| 12 | | that amount, including all previous adjustments, or (ii) |
| 13 | | one-half the annual unadjusted percentage increase (but not |
| 14 | | less than zero) in the consumer price index-u for the 12 months |
| 15 | | ending with the September preceding each November 1, including |
| 16 | | all previous adjustments. |
| 17 | | (b-5) An ordinary death benefit shall be payable on account |
| 18 | | of the death of any fireman who first
becomes a fireman under |
| 19 | | this Article on or after January 1, 2011, and this death |
| 20 | | benefit shall be payable upon the death of the fireman pursuant |
| 21 | | to the provisions of Section 6-150; except that for purposes of |
| 22 | | this Section 6-229, the first clause of subdivision (a)(5) of |
| 23 | | Section 6-150 shall be deemed to include, in addition to the |
| 24 | | annuities specified in that subdivision, any other annuity or |
| 25 | | pension governed by subsection (b) of this Section that the |
| 26 | | fireman was in receipt of at the time of his or her death. |
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| 1 | | (c) Notwithstanding any other provision of this Article, |
| 2 | | for a person who first becomes a fireman under this Article on |
| 3 | | or after January 1, 2011, the annuity to which the surviving |
| 4 | | spouse, children, or parents are entitled under this subsection |
| 5 | | (c) shall be in the amount of 66 2/3% of the fireman's earned |
| 6 | | pension at the date of death. |
| 7 | | Notwithstanding any other provision of this Article, the |
| 8 | | monthly annuity
of a survivor of a person who first becomes a |
| 9 | | fireman under this Article on or after January 1, 2011 shall be |
| 10 | | increased on the January 1 after attainment of age 60 by the |
| 11 | | recipient of the survivor's pension and
each January 1 |
| 12 | | thereafter by 3% or one-half the annual unadjusted percentage |
| 13 | | increase in the consumer price index-u for the
12 months ending |
| 14 | | with September preceding each November 1, whichever is less, of |
| 15 | | the originally granted survivor's annuity. If the annual |
| 16 | | unadjusted percentage change in
the consumer price index-u for |
| 17 | | a 12-month period ending in September is zero or, when compared |
| 18 | | with the preceding period, decreases, then the annuity shall |
| 19 | | not
be increased.
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| 20 | | (Source: P.A. 96-1495, eff. 1-1-11.)
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| 21 | | Section 99. Effective date. This Act takes effect upon |
| 22 | | becoming law.
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