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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB5331
Introduced 01/26/06, by Rep. Roger L. Eddy SYNOPSIS AS INTRODUCED:
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40 ILCS 5/16-118 |
from Ch. 108 1/2, par. 16-118 |
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Amends the Downstate Teacher Article of the Illinois Pension Code. Extends to June 30, 2011 (from June 30, 2006) the period during which an annuitant receiving a retirement annuity other than a disability
retirement annuity may accept employment as a teacher from a school board
or other employer without impairing retirement
status for 120 paid days or 600 paid hours in each school year (after June 20, 2011, will return to 100 paid days or 500 paid
hours in any school year). Effective immediately.
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| PENSION IMPACT NOTE ACT MAY APPLY | |
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A BILL FOR
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HB5331 |
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LRB094 19271 AMC 54902 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Pension Code is amended by changing |
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| Section 16-118 as follows:
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| (40 ILCS 5/16-118) (from Ch. 108 1/2, par. 16-118)
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| Sec. 16-118. Retirement. "Retirement": Entry upon a |
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| retirement annuity
or receipt of a single-sum retirement |
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| benefit granted under this Article
after termination of active |
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| service as a teacher.
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| (a) An annuitant receiving a retirement annuity other than |
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| a disability
retirement annuity may accept employment as a |
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| teacher from a school board
or other employer specified in |
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| Section 16-106 without impairing retirement
status, if that |
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| employment: (1) is not within the school year during which
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| service was terminated; and (2) does not exceed 100 paid days |
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| or 500 paid
hours in any school year (during the period |
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| beginning July 1, 2001 through
June 30, 2011
2006, 120 paid |
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| days or 600 paid hours in each school year). Where
such |
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| permitted employment is partly on a daily and partly on an |
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| hourly basis,
a day shall be considered as 5 hours.
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| (b) Subsection (a) does not apply to an annuitant who |
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| returns to teaching
under the program established in Section |
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| 16-150.1, for the duration of his or
her participation in that |
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| program.
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| (Source: P.A. 92-416, eff. 8-17-01; 93-320, eff. 7-23-03.)
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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