100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB2758

 

Introduced , by Rep. Joe Sosnowski

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/1-170 new

    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.


LRB100 06292 RPS 16329 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB2758LRB100 06292 RPS 16329 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by adding
5Section 1-170 as follows:
 
6    (40 ILCS 5/1-170 new)
7    Sec. 1-170. Limitation on pensionable salary, earnings, or
8compensation; overtime pay. Notwithstanding any other
9provision of law or provision otherwise establishing or
10regulating a pension fund or retirement system under this Code,
11pay to a participant in any pension fund or retirement system
12under this Code for overtime performed on or after July 1, 2017
13shall not be considered for purposes of determining pensionable
14salary, earnings, or compensation.