Illinois § 11-129

Illinois Statutes

§ 11-129

Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 11 - Laborers' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

Annuities-Present employees and future entrants-Withdrawal after age 60 and prior to 65. An employee who attains age 60 or more but less than 65 in service, upon withdrawal, shall be entitled to annuity as follows: 1. Present Employee--age and service and prior service annuities provided from the total sum accumulated to his credit for such annuities on the date of withdrawal, computed as of his age on such date of withdrawal.

2.Future entrant--age and service annuity provided from the total sum accumulated to his credit for such annuity on the date of withdrawal, computed as of his age on such date of withdrawal.

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Annuities-Present employees and future entrants-Withdrawal after age 60 and prior to 65. An employee who attains age 60 or more but less than 65 in service, upon withdrawal, shall be entitled to annuity as follows: 1. Present Employee--age and service and prior service annuities provided from the total sum accumulated to his credit for such annuities on the date of withdrawal, computed as of his age on such date of withdrawal. 2. Future entrant--age and service annuity provided from the total sum accumulated to his credit for such annuity on the date of withdrawal, computed as of his age on such date of withdrawal.

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