Loading chat...

IL HB2761

Bill

Official Source

Status

Failed

1/8/2019

Primary Sponsor

Joe Sosnowski

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • Amends the Illinois Pension Code Section 14-103.10 to exclude overtime pay from the definition of "compensation" for State Employee Retirement System (SERS) pension calculations for service on or after July 1, 2017.

  • Overtime pay is defined as remuneration for personal services performed in excess of the full normal working period for an employee's position.

  • The exclusion of overtime pay from pension compensation applies only to service periods beginning July 1, 2017 and does not affect compensation calculations for earlier service periods.

  • Takes effect immediately upon becoming law.

Legislative Description

PEN CD-SERS-OVERTIME PAY

Last Action

Session Sine Die

1/8/2019

Committee Referrals

Rules3/31/2017
Personnel & Pensions2/22/2017
Rules2/8/2017

Full Bill Text

No bill text available