Ill. Admin. Code tit. 50, § 4402.60 - Accumulated Unused Time at Retirement or Disability
Current through Register Vol. 46, No. 15, April 8, 2022
a) Whether compensation for accumulated but
unused vacation, sick, personal, or compensation time (any other time earned by
the employee, but unused at the time of termination of employment or
retirement) is considered salary will be determined by the date of retirement
or disability.
b) If the employee
remains on the payroll and uses the time, the compensation received for that
time will be considered salary for purposes of computing pension contributions
and benefits.
c) If the employee is
removed from the payroll by virtue of leaving employment or being placed on
disability leave while accumulated time remains unused, then the lump sum
compensation received by the employee for that time is not considered salary
for purposes of computing pension contributions and benefits.
d) In the instance where a municipality acts
contrary to its stated policy, then there must be a written agreement between
the municipality and the participant which states that the participant may
remain on the payroll until the entire amount due has been paid, without these
payments being considered salary for purposes of computing pension
contributions or benefits.
Notes
Added at 20 Ill. Reg. 5838, effective April 9, 1996
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