The 2012 “SURS Return to Work” law penalizes higher education institutions for rehiring and paying annuitants 40 percent or more of the highest salary they earned while contributing to SURS. An amendment to the law has passed out of committee and will be considered by the Illinois legislature. The amendment, which Senator Biss, the sponsor of the original bill, agreed to advance at the behest of the IEA Higher Education Council, would exempt from the law SURS annuitants whose annuity is less than $10,000. This means higher education institutions would be free to pay those individuals the going rate upon rehiring them to work at a higher education institution.
Please contact your legislator and ask him/her to support this legislation. Additional information can be found here.
For more detailed information visit Capitol Watch on the IEA website.