Illinois Senate Bill 1450: PENCD-CTPF-SERVICE CALCULATION

Illinois · 104th session

What it does

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).

Latest action

Rule 3-9(a) / Re-referred to Assignments (2025-03-21)

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