(a) For the purposes of this Section, “city annuitant” means a person receiving an age and service annuity, a widow’s annuity, a child’s annuity, or a minimum annuity under this Article as a direct result of previous employment by the City of Chicago (“the city”).
     (b) The board shall pay to the city, on behalf of the board’s city annuitants who participate in any of the city’s health care plans, the following amounts:

Terms Used In Illinois Compiled Statutes 40 ILCS 5/5-167.5

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10

         (1) From July 1, 2003 through June 30, 2008, $85 per
    
month for each such annuitant who is not eligible to receive Medicare benefits and $55 per month for each such annuitant who is eligible to receive Medicare benefits.
        (2) Beginning July 1, 2008 and until such time as the
    
city no longer provides a health care plan for such annuitants or December 31, 2016, whichever comes first, $95 per month for each such annuitant who is not eligible to receive Medicare benefits and $65 per month for each such annuitant who is eligible to receive Medicare benefits.
    The payments described in this subsection shall be paid from the tax levy authorized under Section 5-168; such amounts shall be credited to the reserve for group hospital care and group medical and surgical plan benefits, and all payments to the city required under this subsection shall be charged against it.
     (c) The city health care plans referred to in this Section and the board’s payments to the city under this Section are not and shall not be construed to be pension or retirement benefits for the purposes of Section 5 of Article XIII of the Illinois Constitution of 1970.
  Previous section
Next section  
 Article 5 Contents