(40 ILCS 5/16-150)
(from Ch. 108 1/2, par. 16-150)
(a) This Section does not apply to an annuitant who returns to teaching
under the program established in Section 16-150.1, for the duration of his
or her participation in that program.
(b) If an annuitant under this System is again
employed as a teacher for an aggregate period exceeding that permitted by
Section 16-118, his or her retirement annuity shall be terminated and the
annuitant shall thereupon be regarded as an active member.
Such annuitant is not entitled to a recomputation of his or her
retirement annuity unless at least one full year of creditable service is
rendered after the latest re-entry into service and the annuitant must have
rendered at least 3 years of creditable service after last re-entry into
service to qualify for a recomputation of the retirement annuity based on
amendments enacted while in receipt of a retirement annuity, except when
retirement was due to disability.
However, regardless of age, an annuitant in receipt of a retirement annuity
may be given temporary employment by a school board not exceeding that
permitted under Section 16-118 and continue to receive the retirement annuity.
(c) Unless retirement was necessitated by disability, a retirement
shall be considered cancelled and the retirement allowance must be repaid
in full if the annuitant is employed as a teacher within the school year
during which service was terminated.
(d) An annuitant's retirement which does not include a period of at
least one full and complete school year shall be considered cancelled and
the retirement annuity must be repaid in full unless such retirement was
necessitated by disability.
(Source: P.A. 95-331, eff. 8-21-07.)