|
|
|
|
HB5331 Engrossed |
|
LRB094 19271 AMC 54902 b |
|
|
| 1 |
| AN ACT concerning 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 changing |
| 5 |
| 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 active |
| 10 |
| service as a teacher.
|
| 11 |
| (a) An annuitant receiving a retirement annuity other than |
| 12 |
| a 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 100 paid days |
| 17 |
| or 500 paid
hours in any school year (during the period |
| 18 |
| beginning July 1, 2001 through
June 30, 2011
2006, 120 paid |
| 19 |
| 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 |
| (b) Subsection (a) does not apply to an annuitant who |
| 23 |
| returns to teaching
under the program established in Section |
| 24 |
| 16-150.1, for the duration of his or
her participation in that |
| 25 |
| program.
|
| 26 |
| (Source: P.A. 92-416, eff. 8-17-01; 93-320, eff. 7-23-03.)
|
| 27 |
| Section 99. Effective date. This Act takes effect upon |
| 28 |
| becoming law.
|