|
||||
Public Act 094-0914 |
||||
| ||||
| ||||
AN ACT concerning public employee benefits.
| ||||
Be it enacted by the People of the State of Illinois,
| ||||
represented in the General Assembly:
| ||||
Section 5. The Illinois Pension Code is amended by changing | ||||
Section 16-118 as follows:
| ||||
(40 ILCS 5/16-118) (from Ch. 108 1/2, par. 16-118)
| ||||
Sec. 16-118. Retirement. "Retirement": Entry upon a | ||||
retirement annuity
or receipt of a single-sum retirement | ||||
benefit granted under this Article
after termination of active | ||||
service as a teacher.
| ||||
(a) An annuitant receiving a retirement annuity other than | ||||
a disability
retirement annuity may accept employment as a | ||||
teacher from a school board
or other employer specified in | ||||
Section 16-106 without impairing retirement
status, if that | ||||
employment: (1) is not within the school year during which
| ||||
service was terminated; and (2) does not exceed 100 paid days | ||||
or 500 paid
hours in any school year (during the period | ||||
beginning July 1, 2001 through
June 30, 2011
2006 , 120 paid | ||||
days or 600 paid hours in each school year). Where
such | ||||
permitted employment is partly on a daily and partly on an | ||||
hourly basis,
a day shall be considered as 5 hours.
| ||||
(b) Subsection (a) does not apply to an annuitant who | ||||
returns to teaching
under the program established in Section | ||||
16-150.1, for the duration of his or
her participation in that | ||||
program.
| ||||
(Source: P.A. 92-416, eff. 8-17-01; 93-320, eff. 7-23-03.)
| ||||
Section 99. Effective date. This Act takes effect upon | ||||
becoming law.
|