TRS Rules Expiring on July 1

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Due to inaction by the Illinois General Assembly in the most recent legislative session, two important Teachers’ Retirement System (TRS) rules are set to expire on July 1 of this year.

First, the post-employment work restrictions for TRS annuitants are set to revert back to previous levels. Retired TRS annuitants are currently permitted to work up to 120 days or 600 hours in a TRS-covered position. If an annuitant exceeds these limitations, then TRS must be notified, the annuitant’s pension will be suspended, the annuitant will re-enter active contributing membership with TRS, and the annuitant’s pension may be recalculated. The 120 day / 600 hour rule is a temporary rule that would have been extended by Senate Bill 2279, but the bill did not pass in this legislative session. Therefore, beginning on July 1, 2011, the 120 day / 600 hour restriction will revert back to the original statutory limitation of 100 days or 500 hours. As a result, all school districts should closely review their work arrangements with any TRS annuitants to ensure that the lower day and hour limitations are not exceeded (in any period of July 1 to June 30) after July 1.

Please see full article below for more information.

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Published In: Administrative Agency Updates, General Business Updates, Education Updates, Finance & Banking Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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