Rep. Kelly Burke
Filed: 5/21/2012
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1 | AMENDMENT TO SENATE BILL 3597
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2 | AMENDMENT NO. ______. Amend Senate Bill 3597, AS AMENDED, | ||||||
3 | in Section 5, by replacing the first grammatical paragraph of | ||||||
4 | subsection (c-5) of Section 17-149 with the following: | ||||||
5 | " (c-5) The service retirement pension shall not be | ||||||
6 | cancelled
in the case of a service retirement pensioner who is
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7 | re-employed as a teacher on a temporary and non-annual basis or | ||||||
8 | on an hourly basis, so long as the person (1) does not work as a | ||||||
9 | teacher for compensation on more than 100 days in a school year | ||||||
10 | and (2) does not accept gross compensation for such | ||||||
11 | re-employment in a school year in excess of $30,000 or, in the | ||||||
12 | case of a person who retires with at least 5 years of service | ||||||
13 | as a principal, the daily rate normally paid to retired | ||||||
14 | principals. These limitations apply only to school years that | ||||||
15 | begin on or after the effective date of this amendatory Act of | ||||||
16 | the 97th General Assembly. Such re-employment does not require | ||||||
17 | contributions, result in service credit, or constitute active | ||||||
18 | membership in the Fund. ".
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