Amends the State Employee Article of the Pension Code to remove the Social Security offset against widow and survivor annuities for all annuitants, beginning January 1, 2006. Effective immediately.
Amends the General Provisions Article of the Illinois Pension Code. Provides for the creation of a policy commission to establish a uniform policy for the resolution of contested board elections, which shall be adopted by the boards of trustees of the 5 State-funded retirement systems. Effective immediately.
Amends the Illinois Highway Code. Makes a technical change in a Section concerning the short title.
Amends the State Employees Group Insurance Act of 1971. Makes a technical change in a Section concerning retired teacher benefits.
Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that provisions concerning the employer's contribution for salary increases in excess of 6% do not apply to (1) any payment or stipend that is paid to a teacher for tutoring students outside the normal school day or (2) any payment or stipend that is paid to a teacher for attending training or writing improved academic curriculum outside of his or her regular work day. Includes language exempting the changes from the definition of "new benefit increase". Effective immediately.
Amends the Illinois Pension Code. Makes a technical change in a Section concerning the General Assembly.
Amends the IMRF Article of the Illinois Pension Code. Provides that a person who becomes an employee after attaining age 65 may elect not to participate in the Fund for that employment. Provides for continuation of the employee's retirement annuity despite that employment. Effective immediately.
Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Retirement Systems Reciprocal Act.
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that the service retirement pension for a teacher who retires on or after the effective date of this amendatory Act shall be 2.4% (now 2.2%) of average salary for each year of creditable service. Eliminates the required contribution for converting past service to the augmented retirement formula, and provides for a refund of such contributions already paid. Also provides for recalculation of the pension and a lump sum payment of the difference between the augmented and unaugmented rates for certain pensioners. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Amends the Downstate Teachers Article of the Illinois Pension Code. Provides that service credits under the Chicago Teacher Article shall be considered in determining disability benefits. Effective immediately.
