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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB2758 Introduced , by Rep. Joe Sosnowski SYNOPSIS AS INTRODUCED:
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Amends the General Provisions Article of the Illinois Pension Code. Provides that pay to a participant in any pension fund or retirement system under the Code for overtime performed on or after July 1, 2017 shall not be considered for purposes of determining pensionable salary, earnings, or compensation.
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| | | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB2758 | | LRB100 06292 RPS 16329 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by adding |
| 5 | | Section 1-170 as follows:
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| 6 | | (40 ILCS 5/1-170 new) |
| 7 | | Sec. 1-170. Limitation on pensionable salary, earnings, or |
| 8 | | compensation; overtime pay. Notwithstanding any other |
| 9 | | provision of law or provision otherwise establishing or |
| 10 | | regulating a pension fund or retirement system under this Code, |
| 11 | | pay to a participant in any pension fund or retirement system |
| 12 | | under this Code for overtime performed on or after July 1, 2017 |
| 13 | | shall not be considered for purposes of determining pensionable |
| 14 | | salary, earnings, or compensation.
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