Illinois HB4096 amends the Illinois Pension Code to modify rules for the suspension of retirement annuities for certain reemployment.
HB4096 amends the Illinois Pension Code by changing Section 15-139, which governs the suspension of retirement annuities for certain reemployment. It specifies that if an annuitant returns to employment within 60 days after beginning retirement annuity payments, the annuity is cancelled and the annuitant must refund the portion provided by employer contributions. It also outlines conditions under which annuitants can receive compensation for reemployment during a state of emergency or disaster declared by the Governor.
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