Bill Status of HB2759 100th General Assembly
Short Description: PEN CD-RETURN TO EMPLOYMENT
Rep. Joe Sosnowski
|Personnel & Pensions Committee Hearing Mar 30 2017 10:00AM Capitol Building Room 122B Springfield, IL |
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that if a person who first becomes a member or participant of a retirement system or pension fund under the Code on or after January 1, 2018 (i) is receiving a retirement annuity or retirement pension under that system or fund and (ii) becomes a member or participant under any other system or fund created by the Code based on full-time employment, then that retirement annuity or retirement pension shall be suspended during that employment. Upon termination of that employment, the person's retirement annuity or retirement pension payments shall resume and may be recalculated if recalculation is provided for under the applicable Article of the Code. Effective immediately.