Summary as Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that when assessing payment for any amount due under a provision requiring an additional employer contribution for certain earnings increases, IMRF shall exclude reportable earnings increases resulting from periods where the member was paid through workers' compensation. Effective immediately.
Staff Analysis
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that when assessing payment for any amount due under a provision requiring an additional employer contribution for certain earnings increases, IMRF shall exclude reportable earnings increases resulting from periods where the member was paid through workers' compensation. Effective immediately.