Illinois HB2564 amends the Illinois Pension Code to adjust employer contributions for certain salary increases.
HB2564 modifies the Illinois Pension Code by changing employer contributions for salary increases exceeding 6%. It excludes salary increases from overload work, including summer school, if certified by the school district and approved by the System. The bill also adjusts the State's contribution to the pension system, setting minimum contribution rates and implementing changes over time. Effective immediately.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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