IL HB0310

Prohibits Illinois school districts (excluding Chicago) from paying post-retirement bonuses to educators who have retired and are collecting annuities from the Teachers' Retirement System, unless required by contracts entered before the law's effective date

Defines "post-retirement educator bonus" as any payment to a retired, licensed educator beyond compensation for current employment with the district

Bars school districts from entering into new contracts that include post-retirement bonus provisions after the law takes effect

Requires annual reporting by January 31 to district residents on all post-retirement bonus contracts and payments made during the previous school year

Mandates reports include names and job titles of bonus recipients, plus a summary of future contractual obligations for post-retirement bonuses