093_HB2916

 
                                     LRB093 09504 LRD 09739 b

 1        AN ACT in relation to public employee benefits.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Illinois  Pension  Code  is amended by
 5    changing Section 16-118 as follows:

 6        (40 ILCS 5/16-118) (from Ch. 108 1/2, par. 16-118)
 7        Sec.  16-118.  Retirement.  "Retirement":  Entry  upon  a
 8    retirement annuity or  receipt  of  a  single-sum  retirement
 9    benefit  granted  under  this  Article  after  termination of
10    active service as a teacher.
11        An annuitant receiving a retirement annuity other than  a
12    disability  retirement  annuity  may  accept  employment as a
13    teacher from a school board or other  employer  specified  in
14    Section  16-106  without  impairing retirement status if that
15    employment: (1) is not within the school  year  during  which
16    service  was terminated; and (2) does not exceed 168 100 paid
17    days or 840 500 paid hours in any  school  year  (during  the
18    period  beginning  July  1,  2001 through June 30,  2006, 120
19    paid days or 600 paid hours in each school year).  Where such
20    permitted employment is partly on a daily and  partly  on  an
21    hourly basis, a day shall be considered as 5 hours.
22    (Source: P.A. 92-416, eff. 8-17-01.)

23        Section  99.  Effective date.  This Act takes effect upon
24    becoming law.