The following definitions are provided to help you understand terms we regularly use in our seminars, correspondence, and publications. These definitions are general, not technical, in nature. For detailed definitions, please see the Illinois Pension Code, Article 16.

B

bill

Proposed legislation that is awaiting action by the Illinois General Assembly.

board-paid retirement contributions

Member retirement contributions paid by a TRS-covered employer in addition to a member’s salary. The employer-paid contribution is reportable as creditable earnings.