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 1650.315 ESTABLISHING SALARY AND ASSESSING CONTRIBUTIONS FOR OPTIONAL SERVICE CREDIT
Section 1650.315 Establishing Salary and Assessing Contributions for Optional Service Credit
a) The System shall establish a salary and assess contributions for optional service utilizing the first year of service as a contributing member of the System by determining a salary equal to the member's first full-time actual salary paid as a contributing member of the System immediately succeeding the time period in question and assess contributions on the first full-time salary at the applicable statutory rate in the following instances:
1) For out-of-system service, as defined in Sections 16-127(b)(2) and 16-128(b) of the Code, that has not been verified by the System as of January 1, 2020; or
all other optional service as defined in Sections 16-127 and 16-128, when
salary information for a period of creditable service is unavailable.
b) In the absence of a first full-time actual salary, the System shall determine a salary rate equal to the member's first full-time equivalent salary paid as a contributing member of the System immediately succeeding the time period in question and shall assess contributions on the first full-time equivalent salary at the applicable statutory rate.
(Source: Amended at 43 Ill. Reg. 10791, effective September 23, 2019)