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92_HB3964
LRB9215065EGfg
1 AN ACT in relation to 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 16-118 as follows:
6 (40 ILCS 5/16-118) (from Ch. 108 1/2, par. 16-118)
7 Sec. 16-118. Retirement. "Retirement": Entry upon a
8 retirement annuity or receipt of a single-sum retirement
9 benefit granted under this Article after termination of
10 active service as a teacher.
11 An annuitant receiving a retirement annuity other than a
12 disability retirement annuity may accept employment as a
13 teacher from a school board or other employer specified in
14 Section 16-106 without impairing retirement status if that
15 employment: (1) is not within the school year during which
16 service was terminated; and (2) does not exceed 168 100 paid
17 days or 840 500 paid hours in any school year (during the
18 period beginning July 1, 2001 through June 30, 2006, 120
19 paid days or 600 paid hours in each school year). Where such
20 permitted employment is partly on a daily and partly on an
21 hourly basis, a day shall be considered as 5 hours.
22 (Source: P.A. 92-416, eff. 8-17-01.)
23 Section 99. Effective date. This Act takes effect upon
24 becoming law.