Illinois § 14-104.12 Early termination incentives under the State Finance Act

Illinois Statutes

§ 14-104.12 — Early termination incentives under the State Finance Act

Illinois § 14-104.12

JurisdictionIllinois

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 14 - State Employees' Retirement System Of Illinois

This text of Illinois § 14-104.12 (Early termination incentives under the State Finance Act) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

40 Ill. Comp. Stat. 14-104.12 (2026).

Text

Notwithstanding any other provision of this Article and notwithstanding that they may be payable from a personal services line item, early termination incentives paid under Section 14a.5 of the State Finance Act:

(1)shall not be included in, and do not affect the calculation of, compensation or final average compensation under this Article;

(2)do not entitle the recipient to establish any additional service credit under this Article;

(3)do not require and shall not result in the payment of any employee or employer contributions under this Article; and (4) have no effect under this Article except to disqualify the recipient from receiving the alternative retirement cancellation payment under Section 14-108.5.

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Notwithstanding any other provision of this Article and notwithstanding that they may be payable from a personal services line item, early termination incentives paid under Section 14a.5 of the State Finance Act: (1) shall not be included in, and do not affect the calculation of, compensation or final average compensation under this Article; (2) do not entitle the recipient to establish any additional service credit under this Article; (3) do not require and shall not result in the payment of any employee or employer contributions under this Article; and (4) have no effect under this Article except to disqualify the recipient from receiving the alternative retirement cancellation payment under Section 14-108.5.