Illinois Pension Code definition
Examples of Illinois Pension Code in a sentence
The Board, however, does not waive any limitations it may have on its liability under the Illinois Workers Compensation Act, the Illinois Pension Code, or any other statute or judicial decision.
The Board, however, does not waive any limitations it may have on its liability under the Illinois Workers Compensation Act, the Illinois Pension Code, any other statute or judicial decision.
Vendor, if an individual, sole proprietor, partner or an individual as member of a LLC, certifies it he/she has not received (i) an early retirement incentive prior to 1993 under Section 14-108.3 or 16-133.3 of the Illinois Pension Code or (ii) an early retirement incentive on or after 2002 under Section 14-108.3 or 16-133.3 of the Illinois Pension Code.
Pension “cost shift” legislation includes any statutory amendment or revision to the Illinois Pension Code which imposes additional annual SURS pension contributions or costs on the College or employee.
The employee contributions shall be treated for all purposes in the same manner and to the same extent as employee contributions made prior to January 1, 1992, consistent with Article 14 of the Illinois Pension Code.
In addition to the salary paid to the ADMINISTRATOR by the BOARD as expressed in Section 3, the BOARD shall pick up and pay on the ADMINISTRATOR'S behalf, the ADMINISTRATOR'S entire contribution to the Illinois Teachers' Retirement System (“TRS”) pursuant to the Illinois Pension Code.
In addition to the salary provided for above, the Board shall pick up and pay on behalf of the Assistant Superintendent the contributions to the Illinois Teachers’ Retirement System (TRS) required by Section 16-152.1 of the Illinois Pension Code, and to the Teacher Health Insurance Security Fund, as required by 5 ILCS 375/6.6, both as amended from time to time.
Although designated by the Illinois Pension Code as employee contributions, the amounts herein required to be picked up by the Board shall be paid by the Board in lieu of contributions by the Assistant Superintendent.
In accordance with the Illinois Pension Code, the Illinois Municipal Retirement Fund member contributions are not to be considered as taxable wages when computing federal or state income tax withholding.
In addition to the salary provided for above, the Board shall pick up and pay on behalf of the Principal the contributions to the Illinois Teachers’ Retirement System (TRS) required by Section 16-152.1 of the Illinois Pension Code and to the Teacher Health Insurance Security Fund, as required by 5 ILCS 375/6.6, both as may be amended from time to time.