SB 2992

Abstract

Amends the State Universities Article of the Illinois Pension Code. In a provision that requires an employer to make an additional contribution to the State Universities Retirement System for certain salary increases greater than 6%, provides that the System shall exclude any earnings increase paid in an academic year beginning on or after July 1, 2020 (instead of any earnings increase) resulting from overload work performed in an academic year subsequent to an academic year in which the employer was unable to offer or allow to be conducted overload work due to an emergency declaration limiting such activities. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.