(40 ILCS 5/20-125) (from Ch. 108 1/2, par. 20-125)
(Text of Section WITH the changes made by P.A. 98-599, which has been held unconstitutional)
Sec. 20-125. Return to employment - suspension of benefits. If a retired
employee returns to employment which is covered by a system from which he is
receiving a proportional annuity under this Article, his proportional annuity
from all participating systems shall be suspended during the period of
re-employment, except that this suspension does not apply to any
distributions payable under the self-managed plan established under Section
15-158.2 or under a defined contribution plan established under Article 2, 14, 15, or 16 of this Code.
The provisions of the Article under which such employment would be
covered shall govern the determination of whether the employee has returned
to employment, and if applicable the exemption of temporary employment or
employment not exceeding a specified duration or frequency, for all
participating systems from which the retired employee is receiving a
proportional annuity under this Article, notwithstanding any contrary
provisions in the other Articles governing such systems.
(Source: P.A. 98-599, eff. 6-1-14.) (Text of Section WITHOUT the changes made by P.A. 98-599, which has been held unconstitutional)
Sec. 20-125.
Return to employment - suspension of benefits.
If a retired
employee returns to employment which is covered by a system from which he is
receiving a proportional annuity under this Article, his proportional annuity
from all participating systems shall be suspended during the period of
re-employment, except that this suspension does not apply to any
distributions payable under the self-managed plan established under Section
15-158.2 of this Code.
The provisions of the Article under which such employment would be
covered shall govern the determination of whether the employee has returned
to employment, and if applicable the exemption of temporary employment or
employment not exceeding a specified duration or frequency, for all
participating systems from which the retired employee is receiving a
proportional annuity under this Article, notwithstanding any contrary
provisions in the other Articles governing such systems.
(Source: P.A. 91-887, eff. 7-6-00.)
|