Full Text of HB2454 101st General Assembly
HB2454 101ST GENERAL ASSEMBLY |
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020 HB2454 Introduced , by Rep. Dan Caulkins SYNOPSIS AS INTRODUCED: |
| 40 ILCS 5/14-111 | from Ch. 108 1/2, par. 14-111 |
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Amends the State Employee Article of the Illinois Pension Code. In a provision that allows an annuitant to re-enter service of a department without impairing his or her retirement annuity if the temporary employment is for a period not exceeding 75 working days in a calendar year, limits the temporary employment to employment accepted by the annuitant before January 1, 2020. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | | HB2454 | | LRB101 06849 RPS 51880 b |
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| 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 14-111 as follows:
| 6 | | (40 ILCS 5/14-111) (from Ch. 108 1/2, par. 14-111)
| 7 | | Sec. 14-111. Re-entry After retirement.
| 8 | | (a) An annuitant who re-enters the service of a department | 9 | | and receives
compensation on a regular payroll shall receive no | 10 | | payments of the
retirement annuity during the time he is so | 11 | | employed, with the following
exceptions:
| 12 | | (1) An annuitant who is employed by a department while | 13 | | he or she is a
continuing participant in the General | 14 | | Assembly Retirement System under
Sections 2-117.1 and | 15 | | 14-105.4 will not be considered to have made a
re-entry | 16 | | after retirement within the meaning of this Section for the
| 17 | | duration of such continuing participation. Any person who | 18 | | is a continuing
participant under Sections 2-117.1 and | 19 | | 14-105.4 on the effective date of
this amendatory Act of | 20 | | 1991 and whose retirement annuity has been suspended
under | 21 | | this Section shall be entitled to receive from the System a | 22 | | sum equal
to the annuity payments that have been withheld | 23 | | under this Section, and
shall receive the benefit of this |
| | | HB2454 | - 2 - | LRB101 06849 RPS 51880 b |
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| 1 | | amendment without regard to Section
1-103.1.
| 2 | | (2) An annuitant who , before January 1, 2020, accepts | 3 | | temporary employment from such a
department for a period | 4 | | not exceeding 75 working days in any calendar year
is not | 5 | | considered to make a re-entry after retirement within the | 6 | | meaning of
this Section. Any part of a day on temporary | 7 | | employment is considered a
full day of employment.
| 8 | | (b) If such person re-enters the service of a department, | 9 | | not as a
temporary employee, contributions to the system shall | 10 | | begin as of the
date of re-employment and additional creditable | 11 | | service shall begin to
accrue. He shall assume the status of a | 12 | | member entitled to all rights
and privileges in the system, | 13 | | including death and disability benefits,
excluding a refund of | 14 | | contributions.
| 15 | | Upon subsequent retirement, his retirement annuity shall | 16 | | consist of:
| 17 | | (1) the amounts of the annuities terminated by re-entry | 18 | | into
service; and
| 19 | | (2) the amount of the additional retirement annuity | 20 | | earned by the
member during the period of additional | 21 | | membership service which shall
not be subject to | 22 | | reversionary annuity if any.
| 23 | | The total retirement annuity shall not, however, exceed the | 24 | | maximum
applicable to the member at the time of original | 25 | | retirement.
In the computation of any such retirement annuity, | 26 | | the time that the
member was on retirement shall not interrupt |
| | | HB2454 | - 3 - | LRB101 06849 RPS 51880 b |
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| 1 | | the continuity of service
for the computation of final average | 2 | | compensation and the additional
membership service shall be | 3 | | considered, together with service rendered
before the previous | 4 | | retirement, in establishing final average
compensation.
| 5 | | A person who re-enters the service of a department within 3 | 6 | | years
after retiring may qualify to have the retirement annuity | 7 | | computed as
though the member had not previously retired by | 8 | | paying to
the System, within 5 years after re-entry and prior | 9 | | to subsequent
retirement, in a lump sum or in installment | 10 | | payments in accordance with
such rules as may be adopted by the | 11 | | Board, an amount equal to all
retirement payments received, | 12 | | including any payments received in accordance
with subsection | 13 | | (c) or (d) of Section 14-130, plus regular interest from
the | 14 | | date retirement payments were suspended to the date of | 15 | | repayment.
| 16 | | (Source: P.A. 86-1488; 87-794.)
| 17 | | Section 99. Effective date. This Act takes effect upon | 18 | | becoming law.
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