SB3597ham003 97TH GENERAL ASSEMBLY

Rep. Kelly Burke

Filed: 5/22/2012

 

 


 

 


 
09700SB3597ham003LRB097 18622 JDS 69876 a

1
AMENDMENT TO SENATE BILL 3597

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

 

 

09700SB3597ham003- 2 -LRB097 18622 JDS 69876 a

1membership in the Fund.".