AT THE close of the Spring legislative session, the Illinois General Assembly passed a bill calling for new restrictions on the re-employment of retirees. Governor Patrick Quinn is expected to sign this bill, House Bill 4996. While rehired retirees are a small proportion of the University’s workforce, HB 4996 is expected to have a significant impact on University hiring policies and procedures, employing departments, and on retirees who may wish to return to work.
HB 4996 will limit the re-employment
of individuals receiving an annuity from the State Universities Retirement
System (SURS) to 18 paid weeks and 40% of pre-retirement salary. When service
and compensation exceed those limits, the University will be required to pay
SURS a contribution equal to the amount of the individual’s annual annuity.
Re-employed annuitants paid from Federal, trust, foundation, or corporate
funds, or from a State grant in which they have been named the principal
investigator, will be exempted from these restrictions.
A UNIVERSITY-WIDE work group has
been formed to review policies, processes, systems, and reports that may need
to be revised to comply with HB 4996. This group will work with University
colleges and departments, as well as with SURS, to identify effective and
efficient ways to achieve compliance.
IF YOU have questions or concerns
about the impact of HB 4996, contact UIC
Human Resources at firstname.lastname@example.org or
email email@example.com for assistance.