Personnel and Pensions Committee
Filed: 2/25/2010
 
 

 




 

 		












09600HB4644ham001

LRB096 14771 AMC 37677 a






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AMENDMENT TO HOUSE BILL 4644 




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    AMENDMENT NO. ______. Amend House Bill 4644, on page 1, 
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line 5, after "14-104", by inserting "and adding Section 
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15-113.11"; and
 
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on page 12, immediately below line 10, by inserting the 
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following:

 
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    "(40 ILCS 5/15-113.11 new)
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    Sec. 15-113.11. Service for periods of voluntary or 
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involuntary furlough. A participant may establish creditable 
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service and earnings credit for periods of furlough beginning 
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on or after July 1, 2009 and ending on or before June 30, 2011. 
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To receive this credit, the participant must (i) apply in 
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writing to the System before December 31, 2011; (ii) not 
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receive compensation from an employer for any furlough period; 
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and (iii) make employee contributions required under Section 
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15-157 based on the rate of basic compensation during the 
 


 






09600HB4644ham001
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LRB096 14771 AMC 37677 a




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periods of furlough, plus an amount determined by the Board to 
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be equal to the employer's normal cost of the benefit, plus 
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compounded interest at the actuarially assumed rate from the 
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date of voluntary or involuntary furlough to the date of 
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payment. The participant shall provide, at the time of 
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application, written certification from the employer providing 
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the total number of furlough days a participant has been 
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required to take.".