Section 1650.301  Early Retirement Without Discount – Return to Teaching from a Break in Service

To be eligible to elect early retirement without discount when a member returns from a break in teaching service, a member must meet the following requirements:

a)         The member must be employed as a teacher as defined in 40 ILCS 5/16-106 within 6 months prior to his or her effective date of retirement:

1)         In a full-time position (five days per week, four or more clock hours daily) for at least one full pay period (minimum two weeks); or

2)         In a substitute or part-time non-contractual teacher position (daily or hourly) working 85 or more days for the same employer.

b)         The member employed under subsection (a)(1) must be paid for each day worked with the daily salary rate equal to or greater than employer's minimum salary on the employer's salary schedule.

(Source:  Added at 30 Ill. Reg. 194, effective December 23, 2005)