SB2366 - PEN CD-CTPF-RE-EMPLOYMENT
Illinois - 103rd General Assembly
Introduced byRobert F. Martwick
Last updated over 1 year ago
1 Co-Sponsor
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that a service retirement pensioner employed under a provision concerning subject shortage areas shall have deducted from the service retirement pensioner's salary an amount equal to 9% of that salary, which shall be contributed to the Fund as a sustainability contribution. Provides that the service retirement pensioner shall not earn service credit during that re-employment, and the service retirement pension benefit shall not be recalculated. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
STATUS
Introduced
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