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 1650.341 SERVICE CREDIT FOR INVOLUNTARY LAYOFFS
Section 1650.341 Service Credit for Involuntary Layoffs
a) An involuntary layoff occurs when a member's employment is terminated as result of a reduction in force due to lack of funding, lack of work, an elimination of position, or a material reorganization.
b) Involuntary layoffs shall not include non-renewals of employment unrelated to reasons set forth in subsection (a) or dismissals for cause or other performance related reasons.
c) To receive service credit for an involuntary layoff, a member must be re-employed in a contractual teaching position under this System or the State Universities Retirement System for the creditable period of the layoff or one year, whichever is less.
(Source: Amended at 24 Ill. Reg. 2440, effective January 27, 2000) |