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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB1224
Introduced 2/18/2005, by Sen. Peter J. Roskam SYNOPSIS AS INTRODUCED:
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40 ILCS 5/18-123 |
from Ch. 108 1/2, par. 18-123 |
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Amends the Judges Article of the Illinois Pension Code. Provides that a married participant who elected not to participate in the survivor's
annuity provisions and who is still a judge may elect to participate therein
by filing with the Board before 30 days after the effective date of this amendatory Act a written recision
of the election not to participate. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
PENSION IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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SB1224 |
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LRB094 10862 AMC 41390 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 18-123 as follows:
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| (40 ILCS 5/18-123) (from Ch. 108 1/2, par. 18-123)
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| Sec. 18-123. Participation in survivor's annuity. A |
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| participant in
active service as a judge after July 26, 1949, |
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| is eligible to participate
in the survivor's annuity provided |
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| under this Article. A married
participant who was in service on |
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| July 27, 1949 is subject to the
provisions relating to |
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| survivor's annuities unless he or she filed with the
Board |
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| written notice not to participate in such annuity within 30 |
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| days of
that date.
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| A married judge who becomes a participant after July 27, |
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| 1949, an
unmarried judge who becomes a participant after |
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| December 31, 1992,
and a judge who marries after becoming a |
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| participant shall be
subject to the provisions relating to |
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| survivor's annuities unless he or she
files with the Board |
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| written notice of his or her election not to
participate in the |
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| survivor's annuity within 30 days of the
date of being notified |
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| of the option by the System. Once the
election period has |
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| expired, a judge may not withdraw from participation
under this |
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| Section except as provided in Section 18-129.
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| A person who became a participant before January 1, 1997 |
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| and
who is not contributing for survivor's annuity may elect to |
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| make contributions
for survivor's annuity by filing written |
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| notice of the election with the
Board no later than April 1, |
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| 1998. Such an election may not be
rescinded. A person who has |
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| so elected shall be entitled only to partial
credit for |
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| survivor's annuity under subsection (g) of Section 18-129 |
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| unless all
of the payments required under subsection (f) of |