SB 2443

Abstract

Amends the Downstate Teacher Article of the Illinois Pension Code. Extends to June 30, 2011 (from June 30, 2006) the period during which an annuitant receiving a retirement annuity other than a disability retirement annuity may accept employment as a teacher from a school board or other employer without impairing retirement status for 120 paid days or 600 paid hours in each school year (after June 20, 2011, will return to 100 paid days or 500 paid hours in any school year). Includes language exempting the change from the new benefit increase requirements. Effective immediately.