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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3375 Introduced 2/24/2011, by Rep. Kevin A. McCarthy SYNOPSIS AS INTRODUCED:
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Amends the Illinois Pension Code. Provides that if a member or participant of a retirement system or pension fund subject to this Code is receiving a retirement annuity or retirement pension under that system or fund and becomes a member or participant of any other system or fund created by this Code and is employed on a full-time basis, then the person's retirement annuity or retirement pension under that system or fund shall be suspended during that employment. Effective July 1, 2011.
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| | | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB3375 | | LRB097 10953 JDS 51551 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by adding |
| 5 | | Section 1-161 as follows:
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| 6 | | (40 ILCS 5/1-161 new) |
| 7 | | Sec. 1-161. Suspension of pension or annuity. |
| 8 | | Notwithstanding any other provision of this Code, if a member |
| 9 | | or participant of a retirement system or pension fund subject |
| 10 | | to this Code is receiving a retirement annuity or retirement |
| 11 | | pension under that system or fund and becomes a member or |
| 12 | | participant of any other system or fund created by this Code |
| 13 | | and is employed on a full-time basis, then the person's |
| 14 | | retirement annuity or retirement pension under that system or |
| 15 | | fund shall be suspended during that employment. Upon |
| 16 | | termination of that employment, the person's retirement |
| 17 | | annuity or retirement pension payments shall resume and be |
| 18 | | recalculated if recalculation is provided for under the |
| 19 | | applicable Article of this Code.
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| 20 | | Section 99. Effective date. This Act takes effect July 1, |
| 21 | | 2011.
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