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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. If, and only if, Senate Bill 2520 of the 95th 
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General Assembly becomes law, then the Illinois Pension Code is 
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amended  by changing Section 5-214.2 as follows:
 
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    (40 ILCS 5/5-214.2)
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    Sec. 5-214.2. Credit for certain law enforcement service. 
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An active policeman who is a member of  this Fund on or before 
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the effective date of this Section may  establish up to 10 years 
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of additional service credit in 6-month increments for service 
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in a law enforcement capacity under Articles 3, 7, 8, 9, 10, 
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13, 14, and 15 and Division 1 of Article 22,  or as a law 
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enforcement officer with the Chicago Housing Authority, or as a 
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law enforcement officer with any agency of the United States 
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government, provided that: (1) service credit is not available 
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for that employment under any other provision of this Article; 
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(2) any service credit for that employment received under any 
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other provision of this Code  or under the retirement plan of 
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the Chicago Housing Authority or Federal Employee Retirement 
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System has been terminated; and (3) the policeman applies for 
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this credit in writing within one year after the effective date 
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of this Section and pays to the Fund within 5 years after the 
 


 






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date of application an amount to be determined by the Fund in 
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accordance with this Section.
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    An active policeman who becomes  a member of  this Fund after 
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the effective date of this Section may  establish up to 10 years 
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of additional service credit in 6-month increments for service 
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in a law enforcement capacity under Articles 3, 7, 8, 9, 10, 
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13, 14, and 15 and Division 1 of Article 22, or as a law 
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enforcement officer with the Chicago Housing Authority, or as a 
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law enforcement officer with any agency of the United States 
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government, provided that: (1) service credit is not available 
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for that employment under any other provision of this Article; 
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(2) any service credit for that employment received under any 
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other provision of this Code  or under the retirement plan of 
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the Chicago Housing Authority or Federal Employee Retirement 
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System has been terminated; and (3) the policeman applies for 
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this credit in writing within 2 years after he or she begins 
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employment under this Article and pays to the Fund within 5 
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years after the date of application an amount to be determined 
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by the Fund in accordance with this Section. 
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    The Fund must determine the policeman's payment required to 
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establish creditable service under this Section by  taking into 
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account the appropriate actuarial assumptions, including 
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without limitation the police officer's service, age, and 
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salary history; the level of funding of the Fund; and any other 
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factors that the Fund determines to be relevant. For this 
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purpose, the policeman's required payment should result in no 
 


 






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significant increase to the Fund's unfunded actuarial accrued 
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liability determined as of the most recent actuarial valuation, 
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based on the same assumptions and methods used to develop and 
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report the Fund's actuarial accrued liability and actuarial 
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value of assets under Statement No. 25 of Governmental 
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Accounting Standards Board or any subsequent applicable 
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Statement.


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(Source: 95SB2520enr.)
 
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    Section 90. The State Mandates Act is amended by adding 
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Section 8.33 as follows:
 
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    (30 ILCS 805/8.33 new)
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    Sec. 8.33. Exempt mandate. Notwithstanding Sections 6 and 8 
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of this Act, no reimbursement by the State is required for the 
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implementation of any mandate created by this amendatory Act of 
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the 96th General Assembly.
 

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    Section 99. Effective date. This Act takes effect upon 
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becoming law.