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IL SB3600
Bill
Status
Failed
1/13/2021
Primary Sponsor
Scott Bennett
Click for details
AI Summary
- Amends the State Universities Article of the Illinois Pension Code regarding employer contributions when hiring retired annuitants
- Creates a new exemption allowing employers to avoid paying additional pension contributions for one academic year when hiring an "affected annuitant" to fill a position that has remained unfilled for at least 180 days after being posted
- Requires employers to immediately notify the State Universities Retirement System when employing an annuitant under this new exemption
- The exemption is limited to one academic year only per affected annuitant hired to fill a long-vacant position
Legislative Description
PENCD-SURS-EMPLOYING ANNUITANT
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments2/14/2020
Full Bill Text
No bill text available