Illinois Statutes
§ 7-143 — Retirement annuities-Reduction
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 7 - Illinois Municipal Retirement Fund
If the participating employee elects a reversionary annuity in accordance with Section 7-145, his retirement annuity shall be reduced by an amount equal to the annuity which could be provided for him at the time the annuity begins from the accumulated additional credits required to provide the reversionary annuity.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 7-143 (Retirement annuities-Reduction) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 77-2121 .)
Nearby Sections
15
§ 7-101
Creation of fund§ 7-102
Purpose§ 7-103
Terms defined§ 7-104
Fund§ 7-105
§ 7-105§ 7-106
Participating municipality§ 7-107
Instrumentality§ 7-109
Employee§ 7-109.1
§ 7-109.1§ 7-109.2
§ 7-109.2§ 7-109.4
Tier 1 regular employee§ 7-109.5
Tier 2 regular employee§ 7-110
Participating employee