Ill. Admin. Code tit. 80 § 1650.315

Current through Register Vol. 48, No. 25, June 21, 2024

Section 1650.315 - Establishing Salary and Assessing Contributions for Optional Service Credit

a) The System shall establish a salary and assess contributions for optional service utilizing the first year of service as a contributing member of the System by determining a salary equal to the member's first full-time actual salary paid as a contributing member of the System immediately succeeding the time period in question and assess contributions on the first full-time salary at the applicable statutory rate in the following instances:

1) For out-of-system service, as defined in Sections 16-127(b)(2) and 16-128(b) of the Code, that has not been verified by the System as of January 1, 2020; or

2) For all other optional service as defined in Sections 16-127 and 16-128, when salary information for a period of creditable service is unavailable.

b) In the absence of a first full-time actual salary, the System shall determine a salary rate equal to the member's first full-time equivalent salary paid as a contributing member of the System immediately succeeding the time period in question and shall assess contributions on the first full-time equivalent salary at the applicable statutory rate.

Ill. Admin. Code tit. 80, § 1650.315

Added at 32 Ill. Reg. 13534, effective August 6, 2008

Amended at 43 Ill. Reg. 10791, effective 9/23/2019