State Retirement System of Illinois

Bruce Rauner, Governor

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   Public Act 96-0961   

Public Act 96-0961

(House Bill 4644)

Governor Quinn signed Public Act 96-0961 into law which allows a member to establish creditable service and earnings credit for voluntary or involuntary furlough days, not to exceed 24 days, beginning on or after July 1, 2009 and ending on or before June 30, 2011, that is utilized to address a State fiscal emergency.

• The member must make the employee and employer (9.44% currently) contributions plus interest at the actuarially assumed rate 8.50%.

• The employee's compensation and contribution rate shall be based on the date he last became member of the System.

The member must apply in writing, providing their name, social security number and the dates of the furlough days taken to date, to the System before December 31, 2011.

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