96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB0553


 
Introduced 2/6/2009, by Sen. John J. Cullerton
 
SYNOPSIS AS INTRODUCED:
 		














40 ILCS 5/4-109
  from Ch. 108 1/2, par. 4-109







    Amends the Downstate Firefighter Article of the Illinois Pension Code. Makes a technical change in a Section concerning retirement pensions.
















LRB096 06592 AMC 16676 b

















PENSION IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











SB0553

LRB096 06592 AMC 16676 b






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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 
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Section 4-109 as follows:
 



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    (40 ILCS 5/4-109)  (from Ch. 108 1/2, par. 4-109)



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    Sec. 4-109. Pension. 

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    (a) A firefighter age 50 or more with 20 or more years of 
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creditable
service, who is no longer in service as a 
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firefighter, shall receive a monthly
pension of 1/2 the
the 
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monthly salary attached to the rank held by him or her in
the 
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fire service at the date of retirement.
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    The monthly pension shall be increased by 1/12 of 2.5% of 
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such
monthly salary for each additional month over 20 years of 
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service through 30
years of service, to a maximum of 75% of 
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such monthly salary.

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    The changes made to this subsection (a) by this amendatory 
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Act of the
91st General Assembly apply to all pensions that 
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become payable under this
subsection on or after January 1, 
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1999.  All pensions payable under this
subsection that began on 
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or after January 1, 1999 and before the effective date
of this 
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amendatory Act shall be recalculated, and the amount of the 
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increase
accruing for that period shall be payable to the 
 


 






SB0553
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pensioner in a lump sum.

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    (b) A firefighter who retires or is separated from service 
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having at
least 10 but less than 20 years of creditable 
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service, who is not entitled
to receive a disability pension, 
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and who did not apply for a refund of
contributions at his or 
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her last separation from service shall receive a
monthly 
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pension upon attainment of age 60 based on the monthly salary 
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attached
to his or her rank in the fire service on the date of 
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retirement or separation
from service according to the 
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following schedule:

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    For 10 years of service, 15% of salary;

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    For 11 years of service, 17.6% of salary;

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    For 12 years of service, 20.4% of salary;

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    For 13 years of service, 23.4% of salary;

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    For 14 years of service, 26.6% of salary;

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    For 15 years of service, 30% of salary;

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    For 16 years of service, 33.6% of salary;

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    For 17 years of service, 37.4% of salary;

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    For 18 years of service, 41.4% of salary;

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    For 19 years of service, 45.6% of salary.

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(Source: P.A. 91-466, eff. 8-6-99.)