HB 6714

Abstract

If and only if Senate Bill 1920 of the 95th General Assembly becomes law, amends the Illinois Pension Code. In provisions concerning the health care benefits for retirees of the Chicago Transit Authority, provides that a retiree hired on or before September 5, 2001 who retires with 25 years or more of continuous service shall be eligible for retiree health care benefits upon retirement (formerly, retirees who retired prior to the effective date of Senate Bill 1920 with 25 years or more of continuous service or who retires within 90 days after that effective date or by January 1, 2009, whichever is later, with 25 years or more of continuous service were eligible). Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.