TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE D: RETIREMENT SYSTEMS CHAPTER III: TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS PART 1650 THE ADMINISTRATION AND OPERATION OF THE TEACHERS' RETIREMENT SYSTEM SECTION 1650.335 UNREPORTED REGULAR SERVICE CREDIT AND EARNINGS
Section 1650.335 Unreported Regular Service Credit and Earnings
If an employer fails to report a member's regular service credit and earnings for a period of teaching and, at the time of the discovery of the error, more than four fiscal years have elapsed since the fiscal year in which the error occurred, the member will be required to:
a) provide sufficient documentation (e.g., official school records) to establish the unreported service credit and earnings; and
b) pay the contributions required by Section 16-128(a)(i) and (iii) of the Illinois Pension Code to purchase optional service credit under Section 16-127(b)(2) of the Code.
(Source: Added at 29 Ill. Reg. 13244, effective August 9, 2005) |