Rehiring Retirees/Affected Annuitants
The "Return to Work" legislation (40 ILCS 5/15-139.5) was enacted in August 2012. Provisions of that Act will take effect in August 2013 and will impose financial obligations on universities that employ State Universities Retirement System (SURS) annuitants for more than 18 weeks and with earnings more than 40 percent of their highest annual rate of earning prior to retirement. Definition of an Affected Annuitant: Sec 15-119 of the Illinois Pension Code defines annuitant as "A person receiving a retirement, reversionary, survivors or beneficiary annuity or disability retirement annuity from this System."
See the helpful documents below to aid you in the process of rehiring former retirees/affected annuitants.