Full Text of SB2989 102nd General Assembly
SB2989enr 102ND GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning public employee benefits.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Pension Code is amended by | 5 | | changing Section 17-133 as follows: | 6 | | (40 ILCS 5/17-133) (from Ch. 108 1/2, par. 17-133)
| 7 | | Sec. 17-133. Contributions for periods of outside and | 8 | | other service.
| 9 | | Regularly certified and appointed teachers who desire to | 10 | | have the following
described services credited for pension | 11 | | purposes shall submit to the Board
evidence thereof and pay | 12 | | into the Fund the amounts prescribed herein:
| 13 | | 1. For teaching service by a certified teacher in the | 14 | | public
schools of the several states or in schools | 15 | | operated by or under the
auspices of the United States, a | 16 | | teacher shall pay the
contributions at the rates in force | 17 | | (a) on the date of
appointment as a regularly certified | 18 | | teacher after salary adjustments
are completed, or (b) at | 19 | | the time of reappointment after salary
adjustments are | 20 | | completed, whichever is later, but not less than $450
per | 21 | | year of service. Upon the Board's approval of such service | 22 | | and the
payment of the required contributions, service | 23 | | credit of not more than
10 years shall be granted.
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| 1 | | 2. For service as a playground instructor in public | 2 | | school playgrounds,
teachers shall pay the contributions | 3 | | prescribed in this Article (a) at
the time of appointment, | 4 | | as a regularly certified teacher after salary
adjustments | 5 | | are completed, or (b) on return to service as a full time
| 6 | | regularly certified teacher, as the case may be, provided | 7 | | such rates or
amounts shall not be less than $450 per year.
| 8 | | 3. For service prior to September 1, 1955, in the | 9 | | public schools of the
City as a substitute, evening school | 10 | | or temporary teacher, or for service
as an Americanization | 11 | | teacher prior to December 31, 1955, teachers shall pay
the | 12 | | contributions prescribed in this Article (a) at the time | 13 | | of appointment,
as a regularly certified teacher after | 14 | | salary adjustments are completed,
(b) on return to service | 15 | | as a full time regularly certified teacher, as
the case | 16 | | may be, provided such rates or amounts shall not be less | 17 | | than $450
per year; and provided further that for teachers | 18 | | employed on or after September
1, 1953, rates shall not | 19 | | include contributions for widows' pensions if the
service | 20 | | described in this sub-paragraph 3 was rendered before that | 21 | | date. Any
teacher entitled to repay a refund of | 22 | | contributions under Section 17-126 may validate service | 23 | | described in this paragraph by
payment of the amounts | 24 | | prescribed herein, together with the repayment of the
| 25 | | refund, provided that if such creditable service was the | 26 | | last service rendered
in the public schools of the City |
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| 1 | | and is not automatically reinstated by
repayment of the | 2 | | refund, the rates or amounts shall not be less than $450 | 3 | | per
year.
| 4 | | 4. For service after June 30, 1982 as a member of the | 5 | | Board of
Education, if required to resign from an | 6 | | administrative or teaching position
in order to qualify as | 7 | | a member of the Board of Education.
| 8 | | 5. For service during the 1986-87 school year as a | 9 | | teacher on a special
leave of absence with full loss of | 10 | | salary, teaching for an agency under
contract to the Board | 11 | | of Education, if the teacher returned to employment in
| 12 | | September, 1987. For service under this item 5, the | 13 | | teacher must pay the
contributions at the rates in force | 14 | | at the completion of the leave period.
| 15 | | 6. For up to 2 years of service as a teacher or | 16 | | administrator employed
by a private school registered with | 17 | | or recognized by the Illinois State Board
of Education, | 18 | | provided that the teacher (i) was certified under the law
| 19 | | governing the certification of teachers at the time the | 20 | | service was rendered,
(ii) applies in writing no later | 21 | | than 2 years after the effective date of this amendatory | 22 | | Act of the 102nd General Assembly on or after the | 23 | | effective date of this amendatory Act of the 94th General | 24 | | Assembly and on or before June 1,
2009 , (iii) supplies | 25 | | satisfactory evidence of the employment, (iv) completes
at | 26 | | least 10 years of contributing service as a teacher as |
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| 1 | | defined in
Section 17-106, (v) pays the contribution | 2 | | required in this Section, and (vi)
does not receive credit | 3 | | for that service under any other provision of this
Code. | 4 | | The member may apply for credit under this subsection and | 5 | | pay the
required contribution before completing the 10 | 6 | | years of contributing service
required under item (iv), | 7 | | but the credit may not be used until the item (iv)
| 8 | | contributing service requirement has been met.
| 9 | | For each year of service credit to be established | 10 | | under this
subparagraph 6, a member is required to | 11 | | contribute to the System (i) the employee and employer | 12 | | contribution that would have been required had such | 13 | | service been rendered as a member based on 16.5%
of the | 14 | | annual salary rate during the first year of full-time | 15 | | employment
as a teacher under this Article following the | 16 | | private school service, plus
(ii) interest thereon at the | 17 | | actuarially assumed rate from the date of first full-time | 18 | | employment as a teacher
under this Article following the | 19 | | private school service to the date of payment,
compounded | 20 | | annually, at a rate determined by the Board the rate of | 21 | | 8.0% per year .
| 22 | | For service described in sub-paragraphs 1, 2 and 3 of this | 23 | | Section, interest
shall be charged beginning one year after | 24 | | the effective date of appointment or
reappointment.
| 25 | | Effective September 1, 1974, the interest rate to be | 26 | | charged by the
Fund on contributions provided in |
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| 1 | | sub-paragraphs 1, 2, 3 and 4 shall
be 5% per annum compounded | 2 | | annually.
| 3 | | (Source: P.A. 94-1111, eff. 2-27-07.)
| 4 | | Section 90. The State Mandates Act is amended by adding | 5 | | Section 8.45 as follows: | 6 | | (30 ILCS 805/8.45 new) | 7 | | Sec. 8.45. Exempt mandate. Notwithstanding Sections 6 and | 8 | | 8 of this Act, no reimbursement by the State is required for | 9 | | the implementation of any mandate created by this amendatory | 10 | | Act of the 102nd General Assembly.
| 11 | | Section 99. Effective date. This Act takes effect upon | 12 | | becoming law.
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