Illinois HB2474 amends the Illinois Municipal Retirement Fund (IMRF) to adjust rules for annuitants returning to work.
HB2474 modifies the Illinois Pension Code to change how retirement annuities are handled for annuitants who return to work. Specifically, it allows annuitants receiving an annuity under the sheriff's law enforcement employees provisions to be considered participating employees if they return to work as school security guards or school resource officers and work more than 1,000 hours annually, until January 1, 2030. The bill also outlines procedures for suspending and reinstating annuities, including requirements for employers to notify the Board when an annuitant returns to work.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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