Illinois Statutes
§ 15-154.2 — Waiver of service and benefits
Illinois § 15-154.2
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 15 - State Universities Retirement System
This text of Illinois § 15-154.2 (Waiver of service and benefits) 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. 15-154.2 (2026).
Text
A participant or annuitant may elect to waive all or any portion of his or her service credit and benefits which may be payable under this Article; however, service purchased under the provisions of subsection (c) of Section 15-113.1, subsections (b), (c) and (d) of Section 15-113.5, Section 15-113.6, and Section 15-113.7 must be waived before other service which is granted under this Article.
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Legislative History
(Source: P.A. 83-1440.)
Nearby Sections
15
§ 15-101
Creation of system§ 15-102
Terms defined§ 15-103
System§ 15-103.1
Traditional Benefit Package§ 15-103.2
Portable Benefit Package§ 15-103.3
Self-Managed Plan§ 15-104
The 1941 Act§ 15-105
Board§ 15-106
Employer§ 15-107
Employee§ 15-108
Participant§ 15-108.1
Tier 1 member§ 15-108.2
Tier 2 member§ 15-109
Participating employee§ 15-110
Basic compensationCite This Page — Counsel Stack
Bluebook (online)
Illinois § 15-154.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/15-154.2.