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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 SB1468 Introduced 2/7/2023, by Sen. Tom Bennett and Chapin Rose SYNOPSIS AS INTRODUCED: |
| 40 ILCS 5/16-118 | from Ch. 108 1/2, par. 16-118 |
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Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that during the period between July 1, 2023 and June 30, 2026, an annuitant may accept employment as a teacher without impairing his or her retirement status if that employment is not within the school year during which service was terminated and does not exceed 150 paid days or 750 paid hours in each school year. Provides that beginning July 1, 2026 (instead of July 1, 2023), an annuitant may accept employment as a teacher without impairing his or her retirement status if that employment is not within the school year during which service was terminated and does not exceed 100 paid days or 500 paid hours in each school year. Effective immediately.
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| | A BILL FOR |
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| | SB1468 | | LRB103 27387 RPS 53759 b |
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1 | | AN ACT concerning public employee benefits.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Illinois Pension Code is amended by |
5 | | changing Section 16-118 as follows:
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6 | | (40 ILCS 5/16-118) (from Ch. 108 1/2, par. 16-118)
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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.
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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: |
16 | | (1) is not within the school year during which
service |
17 | | was terminated; and |
18 | | (2) does not exceed the following: |
19 | | (i) before July 1, 2001, 100 paid days or 500 paid
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20 | | hours in any school year; |
21 | | (ii) during the period beginning July 1, 2001 |
22 | | through
June 30, 2011, 120 paid days or 600 paid hours |
23 | | in each school year; |