Synopsis As Introduced Amends the Downstate Teacher Article of the Illinois Pension Code. Allows certain retired teachers to remain in retirement status and continue to receive their retirement annuities while engaging in employment in a designated subject shortage area. Amends the State Employees Group Insurance Act of 1971 to provide that health insurance benefits under the State and TRIP plans are suspended while the annuitant is covered as an active teacher. Amends the School Code to require regional superintendents of schools to certify school district compliance with certain requirements of the program. Effective immediately.
Pension Note (Pension Laws Commission)
According to TRS, SB 195 does not have a fiscal impact.