Current through Public Act 156 of the 2024 Legislative Session
Section 38.1009 - "Salary" defined(1) "Salary" means the compensation, common to all legislators, exclusive of travel allowance, paid by the state for 1 year of service as a legislator. A member shall contribute to the retirement system based on the percentage applied to that salary.(2) For purposes of section 23, salary also includes an additional 2% through December 30, 1986, and 4% beginning December 31, 1986, compounded annually and added for each year or portion of a year that expires after the member terminates service and before the member retires, of the member's greatest salary determined pursuant to subsection (1) received in 1 calendar year. This subsection only applies to a member who first becomes a member on or before January 1, 1995, and whose service terminates on or after December 1, 1978.(3) For purposes of section 23, for a member who left service before December 1, 1978, salary also includes an additional 2% for each year beginning January 1, 1979 through December 30, 1986 and 4% beginning December 31, 1986, compounded annually and added for each year or portion of a year that expires after the member terminates service and before the member retires, of the member's greatest salary determined pursuant to subsection (1) received in 1 calendar year.(4) For purposes of section 23, salary also includes an amount equal to the greatest amount of additional compensation received in 1 calendar year as a result of being in a leadership position, divided by 5, and then multiplied by the number of years or portion of a year, not to exceed 8, in which the member was in a leadership position and received additional compensation. Before a member who first becomes a member on or before January 1, 1995, may have the additional compensation included in salary under this subsection, the member shall pay to the retirement system a sum equal to 9% of the total additional compensation received. Before a member who first becomes a member after January 1, 1995, may have the additional compensation included in salary under this subsection, the member shall pay to the retirement system a sum equal to 7% of the total additional compensation received.1957, Act 261, Eff. 9/27/1957 ;--Am. 1968, Act 229, Eff. 7/1/1968 ;--Am. 1970, Act 237, Eff. 1/1/1971 ;--Am. 1974, Act 215, Eff. 12/31/1974 ;--Am. 1978, Act 560, Imd. Eff. 12/27/1978 ;--Am. 1981, Act 123, Imd. Eff. 7/23/1981 ;--Am. 1987, Act 58, Imd. Eff. 6/23/1987 ;--Am. 1988, Act 512, Imd. Eff. 12/29/1988 ;--Am. 1994, Act 359, Eff. 12/31/1994 ;--Am. 1998, Act 501, Imd. Eff. 1/5/1999 ;--Am. 2002, Act 97, Imd. Eff. 3/27/2002.