Illinois Compiled Statutes 40 ILCS 5/16-118 – Retirement
Current as of: 2024 | Check for updates
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“Retirement”: Entry upon a retirement annuity or receipt of a single-sum retirement benefit granted under this Article after termination of active service as a teacher.
(a) An annuitant receiving a retirement annuity other than a disability retirement annuity may accept employment as a teacher from a school board or other employer specified in Section 16-106 without impairing retirement status, if that employment:
(1) is not within the school year during which
(a) An annuitant receiving a retirement annuity other than a disability retirement annuity may accept employment as a teacher from a school board or other employer specified in Section 16-106 without impairing retirement status, if that employment:
Terms Used In Illinois Compiled Statutes 40 ILCS 5/16-118
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
(1) is not within the school year during which
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service was terminated; and
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(2) does not exceed the following:
(i) before July 1, 2001, 100 paid days or 500
(i) before July 1, 2001, 100 paid days or 500
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paid hours in any school year;
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(ii) during the period beginning July 1, 2001
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through June 30, 2011, 120 paid days or 600 paid hours in each school year;
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(iii) during the period beginning July 1, 2011
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through June 30, 2018, 100 paid days or 500 paid hours in each school year;
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(iv) beginning July 1, 2018 through June 30,
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2026, 120 paid days or 600 paid hours in each school year, but not more than 100 paid days in the same classroom;
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(v) (blank); and
(vi) beginning July 1, 2026, 100 paid days or 500
(vi) beginning July 1, 2026, 100 paid days or 500
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paid hours in each school year.
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Where such permitted employment is partly on a daily and partly on an hourly basis, a day shall be considered as 5 hours.
(b) Subsection (a) does not apply to an annuitant who returns to teaching under the program established in Section 16-150.1, for the duration of his or her participation in that program.
(b) Subsection (a) does not apply to an annuitant who returns to teaching under the program established in Section 16-150.1, for the duration of his or her participation in that program.