94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB4767

 

Introduced 1/18/2006, by Rep. Roger L. Eddy - David Reis

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/16-118   from Ch. 108 1/2, par. 16-118

    Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that an annuitant receiving a retirement annuity other than a disability retirement annuity may accept employment as a teacher from a school board or other specified employer without impairing retirement status, if that employment: (1) is not within the school year during which service was terminated; and (2) does not exceed 120 paid days or 600 paid hours in each school year (item (2) was only applicable through June 30, 2006). Effective immediately.


LRB094 16043 AMC 51278 b

PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4767 LRB094 16043 AMC 51278 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, 2006, 120 paid days or
19 600 paid hours in each school year). Where such permitted
20 employment is partly on a daily and partly on an hourly basis,
21 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.