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Sen. Terry Link
Filed: 11/8/2011
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| 1 | | AMENDMENT TO HOUSE BILL 3375
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| 2 | | AMENDMENT NO. ______. Amend House Bill 3375, AS AMENDED, |
| 3 | | immediately above Section 5, by inserting the following:
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| 4 | | "Section 3. The Illinois Pension Code is amended by |
| 5 | | changing Section 14-111 as follows:
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| 6 | | (40 ILCS 5/14-111) (from Ch. 108 1/2, par. 14-111)
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| 7 | | Sec. 14-111. Re-entry After retirement.
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| 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:
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| 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
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| 1 | | duration of such continuing participation. Any person who |
| 2 | | is a continuing
participant under Sections 2-117.1 and |
| 3 | | 14-105.4 on the effective date of
this amendatory Act of |
| 4 | | 1991 and whose retirement annuity has been suspended
under |
| 5 | | this Section shall be entitled to receive from the System a |
| 6 | | sum equal
to the annuity payments that have been withheld |
| 7 | | under this Section, and
shall receive the benefit of this |
| 8 | | amendment without regard to Section
1-103.1.
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| 9 | | (2) An annuitant who accepts temporary employment from |
| 10 | | such a
department (i) for a period not exceeding 75 working |
| 11 | | days in any calendar year
or (ii) for total compensation of |
| 12 | | less than $30,000 during a calendar year is not considered |
| 13 | | to make a re-entry after retirement within the meaning of
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| 14 | | this Section. Any part of a day on temporary employment is |
| 15 | | considered a
full day of employment.
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| 16 | | (b) If such person re-enters the service of a department, |
| 17 | | not as a
temporary employee, contributions to the system shall |
| 18 | | begin as of the
date of re-employment and additional creditable |
| 19 | | service shall begin to
accrue. He shall assume the status of a |
| 20 | | member entitled to all rights
and privileges in the system, |
| 21 | | including death and disability benefits,
excluding a refund of |
| 22 | | contributions.
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| 23 | | Upon subsequent retirement, his retirement annuity shall |
| 24 | | consist of:
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| 25 | | (1) the amounts of the annuities terminated by re-entry |
| 26 | | into
service; and
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| 1 | | (2) the amount of the additional retirement annuity |
| 2 | | earned by the
member during the period of additional |
| 3 | | membership service which shall
not be subject to |
| 4 | | reversionary annuity if any.
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| 5 | | The total retirement annuity shall not, however, exceed the |
| 6 | | maximum
applicable to the member at the time of original |
| 7 | | retirement.
In the computation of any such retirement annuity, |
| 8 | | the time that the
member was on retirement shall not interrupt |
| 9 | | the continuity of service
for the computation of final average |
| 10 | | compensation and the additional
membership service shall be |
| 11 | | considered, together with service rendered
before the previous |
| 12 | | retirement, in establishing final average
compensation.
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| 13 | | A person who re-enters the service of a department within 3 |
| 14 | | years
after retiring may qualify to have the retirement annuity |
| 15 | | computed as
though the member had not previously retired by |
| 16 | | paying to
the System, within 5 years after re-entry and prior |
| 17 | | to subsequent
retirement, in a lump sum or in installment |
| 18 | | payments in accordance with
such rules as may be adopted by the |
| 19 | | Board, an amount equal to all
retirement payments received, |
| 20 | | including any payments received in accordance
with subsection |
| 21 | | (c) or (d) of Section 14-130, plus regular interest from
the |
| 22 | | date retirement payments were suspended to the date of |
| 23 | | repayment.
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| 24 | | (Source: P.A. 86-1488; 87-794.)".
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