SB 1468

Abstract

Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that during the period between July 1, 2023 and June 30, 2026, an annuitant may accept employment as a teacher without impairing his or her retirement status if that employment is not within the school year during which service was terminated and does not exceed 150 paid days or 750 paid hours in each school year. Provides that beginning July 1, 2026 (instead of July 1, 2023), an annuitant may accept employment as a teacher without impairing his or her retirement status if that employment is not within the school year during which service was terminated and does not exceed 100 paid days or 500 paid hours in each school year. Effective immediately. Senate Floor Amendment No. 2 Replaces everything after the enacting clause. Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that through June 30, 2026 (instead of June 30, 2023), an annuitant may accept employment as a teacher without impairing his or her retirement status if that employment is not within the school year during which service was terminated and does not exceed 120 paid days or 600 paid hours in each school year. Deletes language concerning an additional 20 days or 100 paid hours that an annuitant may accept employment as a teacher without impairing his or her retirement status for the period between July 1, 2021 and June 30, 2022. Effective immediately.