IL HB4996

Amends Illinois Pension Code to require employers to notify the State Universities Retirement System (SURS) within 60 days when employing or re-employing a person receiving a retirement annuity, effective for academic years beginning August 1, 2013 or later.

Establishes definition of "affected annuitant" as a retiree who has worked more than 18 paid weeks for SURS employers or earned over 40% of pre-retirement annual salary in a single academic year (excluding certain grant-funded positions).

Requires employers to pay a contribution to SURS equal to 12 times the annuitant's monthly retirement benefit when employing an affected annuitant; contribution can be doubled if employer fails to correctly determine affected annuitant status without justification.

Grants employers a one-time exemption from the contribution requirement for one academic year when hiring an affected annuitant to continue critical operations due to employee illness, accident, death, or catastrophic incident.

Authorizes SURS to audit employer employment and payroll records beginning August 1, 2013, and expands fraud penalties to include false statements made to mislead employers regarding annuitant employment.