Bill Text: IL SB3344 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that when computing days of validated service, contributors shall receive the greater of: (1) one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board of Trustees of the Fund; or (2) 10 days of service credit for each 10-day period of employment in which the contributor worked 50% or more of the regularly scheduled hours (instead of one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board).

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-02-07 - Referred to Assignments [SB3344 Detail]

Download: Illinois-2023-SB3344-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB3344 Introduced 2/7/2024, by Sen. Robert F. Martwick SYNOPSIS AS INTRODUCED:
40 ILCS 5/17-114 from Ch. 108 1/2, par. 17-114
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that when computing days of validated service, contributors shall receive the greater of: (1) one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board of Trustees of the Fund; or (2) 10 days of service credit for each 10-day period of employment in which the contributor worked 50% or more of the regularly scheduled hours (instead of one day of service credit for each day for which they are paid salary representing a partial or a full day of employment rendered to an employer or the Board).
LRB103 36823 RPS 66934 b
A BILL FOR
SB3344 LRB103 36823 RPS 66934 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by
changing Section 17-114 as follows:
(40 ILCS 5/17-114) (from Ch. 108 1/2, par. 17-114)
Sec. 17-114. Computation of service.
(a) When computing days of validated service, contributors
shall receive the greater of: (1) one day of service credit for
each day for which they are paid salary representing a partial
or a full day of employment rendered to an Employer or the
Board; or (2) 10 days of service credit for each 10-day period
of employment in which the contributor worked 50% or more of
the regularly scheduled hours.
(b) When computing months of validated service, 17 or more
days of service rendered to an Employer or the Board in a
calendar month shall entitle a contributor to one month of
service credit for purposes of this Article.
(c) When computing years of validated service rendered,
170 or more days of service in a fiscal year or 10 or more
months of service in a fiscal year shall constitute one year of
service credit.
(d) Notwithstanding subsections (b) and (c) of this

SB3344 - 2 - LRB103 36823 RPS 66934 b