Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 1600 - UNIVERSITIES RETIREMENT
Subpart B - CONTRIBUTIONS AND SERVICE CREDIT
Section 1600.220 - Election to Make Contributions Covering Leave of Absence at Less Than 50% Pay
Current through Register Vol. 48, No. 38, September 20, 2024
a) A participant may elect to pay contributions covering leaves of absence at less than 50% pay, except military leave and periods of disability leave in excess of 60 days, if the participant pays the contributions required by the Code in accordance with this Section upon the participant's basic compensation on the date the leave begins. In order to pay contributions covering such leaves of absence, the participant must:
b) Immediate Payment
c) Subsequent Payment
If a participant fails to comply with the conditions set forth in subsection (b), he or she may purchase service and earnings credit for the leave by paying the contributions and interest on the contributions at the effective rate from the academic year-end in which the leave occurred. Payments under this subsection may not be made earlier than the date on which the participant fulfills the return from leave requirements found in Section 15-113.2 of the Code.
d) No payment may be made for service covering leaves of absence after the date the participant dies or begins receiving a retirement annuity or disability retirement allowance.
e) If a participant purchases service credit covering a leave of absence but fails to meet the conditions set forth in the preceding subsections of this Section, the payment made shall be refunded without interest.
f) Not more than 3 years of service credit for leaves of absence in any period of 10 years may be purchased.
g) This Section is not applicable to a participant who is on special leave of absence for service with a teacher organization.