SB1593 99TH GENERAL ASSEMBLY

LRB099 09649 RPS 29858 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB1593

Introduced 2/20/2015, by Sen. Matt Murphy

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 after the effective date of the amendatory Act shall not be considered for purposes of determining pensionable salary, earnings, or compensation.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee benefits.

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

Section 5. The Illinois Pension Code is amended by adding Section 1-170 as follows:

(40 ILCS 5/1-170 new)

Sec. 1-170. Limitation on pensionable salary, earnings, or compensation; overtime pay. Pay to a participant in any pension fund or retirement system under this Code for overtime performed after the effective date of this amendatory Act of the 99th General Assembly shall not be considered for purposes of determining pensionable salary, earnings, or compensation.