(40 ILCS 5/24-109) (from Ch. 108 1/2, par. 24-109)
Sec. 24-109.
Football Coaches.
(a) Any football coach employed by the Board of Trustees of Chicago State
University, the Board of Trustees of Eastern Illinois University, the Board of
Trustees of Governors State University, the Board of Trustees of Illinois State
University, the Board of Trustees of Northeastern Illinois University, the
Board of Trustees of Northern Illinois University, the Board of Trustees of
Western Illinois University, the University of Illinois
Board of Trustees, or the Southern Illinois University System Board of
Trustees, may participate in the American Football Coaches Retirement Trust
in accordance with the conditions of that Trust, of this Section, and of
applicable federal law.
(b) A football coach who elects to participate in the Trust may defer a
part of his compensation as a coach by making employee contributions to the
Trust. Amounts deferred by the coach under this Section shall be deemed a
part of the coach's compensation for purposes of participation in the State
Universities Retirement System but, in accordance with the U.S. Internal
Revenue Code of 1986, shall not be included in the computation of federal
income taxes withheld on behalf of the coach. The employing institution of
higher education shall not make any employer contributions to the Trust on
behalf of the coach.
(c) A football coach who participates in the Trust may not participate
in any other program of deferred compensation under this Article during any
year in which he makes contributions to the Trust.
(d) Participation in the Trust shall be administered by
the institution of higher education that employs the
coach. Each such institution shall report annually to the General
Assembly on the status of the Trust and
participation under this Section.
(e) The right to participate in the Trust that is granted by this
Section is subject to future limitation, and shall not be deemed to be a
pension benefit that is protected from impairment under Section 5 of
Article XIII of the Illinois Constitution.
(Source: P.A. 90-14, eff. 7-1-97.)
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