PEN CD-CTPF-REEMPLOYMENT

Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that a service retirement pension shall not be cancelled in the case of a service retirement pensioner who is re-employed as an administrator on a temporary and non-annual basis or on an hourly basis, so long as the person does not work as an administrator for compensation on more than 120 days in a school year. Provides that such re-employment does not require contributions, result in service credit, or constitute active membership in the Fund. Effective immediately. Senate Committee Amendment No. 2 Replaces everything after the enacting clause. Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that for school years beginning on or after July 1, 2022 and before June 30, 2024, the service retirement pension shall not be cancelled in the case of a service retirement pensioner who is re-employed as a teacher or an administrator on a temporary and non-annual basis or on an hourly basis, so long as the person does not work as a teacher or an administrator for compensation on more than 140 days in a school year. Provides that for school years beginning on or after July 1, 2024, the service retirement pension shall not be cancelled in the case of a service retirement pensioner who is re-employed as a teacher or an administrator on a temporary and non-annual basis or on an hourly basis, so long as the person does not work as a teacher or an administrator for compensation on more than 120 days in a school year. Makes conforming changes. Effective immediately.