PEN CD-EMPLOYER CONTRIBUTIONS

Amends the Illinois Pension Code. In a provision of the State Universities Article that requires an employer to make an additional contribution to the System for certain salary increases greater than 3%, excludes salary increases resulting from overload work or a promotion if certain requirements are met. In a provision of the Downstate Teachers Article that requires an employer to make an additional contribution to the System for certain salary increases greater than 3%, excludes payments made to an individual who holds a professional educator license endorsed for any area of career and technical education or an educator license with stipulations endorsed for any area of career and technical education and excludes salary increases resulting from overload work or a promotion if certain requirements are met or resulting from duties as a coach or advisor for an extracurricular activity. Makes conforming changes. Effective immediately.