Rep. Kelly Burke
Filed: 5/22/2012
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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 the | ||||||
11 | re-employment in a school year in excess of (i) $30,000 or (ii) | ||||||
12 | in the case of a person who retires with at least 5 years of | ||||||
13 | service as a principal, an amount that is equal to the daily | ||||||
14 | rate normally paid to retired principals multiplied by 100. | ||||||
15 | These limitations apply only to school years that begin on or | ||||||
16 | after the effective date of this amendatory Act of the 97th | ||||||
17 | General Assembly. Such re-employment does not require | ||||||
18 | contributions, result in service credit, or constitute active |
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1 | membership in the Fund. ".
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