Sen. Terry Link

Filed: 11/8/2011

 

 


 

 


 
09700HB3375sam002LRB097 10953 RPM 59693 a

1
AMENDMENT TO HOUSE BILL 3375

2    AMENDMENT NO. ______. Amend House Bill 3375, AS AMENDED,
3immediately above Section 5, by inserting the following:
 
4    "Section 3. The Illinois Pension Code is amended by
5changing Section 14-111 as follows:
 
6    (40 ILCS 5/14-111)  (from Ch. 108 1/2, par. 14-111)
7    Sec. 14-111. Re-entry After retirement.
8    (a) An annuitant who re-enters the service of a department
9and receives compensation on a regular payroll shall receive no
10payments of the retirement annuity during the time he is so
11employed, with the following exceptions:
12        (1) An annuitant who is employed by a department while
13    he or she is a continuing participant in the General
14    Assembly Retirement System under Sections 2-117.1 and
15    14-105.4 will not be considered to have made a re-entry
16    after retirement within the meaning of this Section for the

 

 

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1    duration of such continuing participation. Any person who
2    is a continuing participant under Sections 2-117.1 and
3    14-105.4 on the effective date of this amendatory Act of
4    1991 and whose retirement annuity has been suspended under
5    this Section shall be entitled to receive from the System a
6    sum equal to the annuity payments that have been withheld
7    under this Section, and shall receive the benefit of this
8    amendment without regard to Section 1-103.1.
9        (2) An annuitant who accepts temporary employment from
10    such a department (i) for a period not exceeding 75 working
11    days in any calendar year or (ii) for total compensation of
12    less than $30,000 during a calendar year is not considered
13    to make a re-entry after retirement within the meaning of
14    this Section. Any part of a day on temporary employment is
15    considered a full day of employment.
16    (b) If such person re-enters the service of a department,
17not as a temporary employee, contributions to the system shall
18begin as of the date of re-employment and additional creditable
19service shall begin to accrue. He shall assume the status of a
20member entitled to all rights and privileges in the system,
21including death and disability benefits, excluding a refund of
22contributions.
23    Upon subsequent retirement, his retirement annuity shall
24consist of:
25        (1) the amounts of the annuities terminated by re-entry
26    into service; and

 

 

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1        (2) the amount of the additional retirement annuity
2    earned by the member during the period of additional
3    membership service which shall not be subject to
4    reversionary annuity if any.
5    The total retirement annuity shall not, however, exceed the
6maximum applicable to the member at the time of original
7retirement. In the computation of any such retirement annuity,
8the time that the member was on retirement shall not interrupt
9the continuity of service for the computation of final average
10compensation and the additional membership service shall be
11considered, together with service rendered before the previous
12retirement, in establishing final average compensation.
13    A person who re-enters the service of a department within 3
14years after retiring may qualify to have the retirement annuity
15computed as though the member had not previously retired by
16paying to the System, within 5 years after re-entry and prior
17to subsequent retirement, in a lump sum or in installment
18payments in accordance with such rules as may be adopted by the
19Board, an amount equal to all retirement payments received,
20including any payments received in accordance with subsection
21(c) or (d) of Section 14-130, plus regular interest from the
22date retirement payments were suspended to the date of
23repayment.
24(Source: P.A. 86-1488; 87-794.)".