Illinois § 8-121 Withdrawal from service or withdrawal

Illinois Statutes

§ 8-121 — Withdrawal from service or withdrawal

Illinois § 8-121

TopicGOVERNMENT

Ch. 40PENSIONS

Act 40 ILCS 5/Illinois Pension Code.

Art.Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

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Bluebook

40 Ill. Comp. Stat. 8-121 (2026).

Text

"Withdrawal from service" or "withdrawal": Discharge or resignation of an employee. For the purpose of improving sums to the credit of municipal employees for annuity purposes at the 3%, 3 1/2% or 4% per annum interest rate herein provided, re-entrance into service within 12 months after withdrawal from service by persons who have not received a refund under this Article shall be considered continuation in service; and for refund purposes a withdrawal from service shall not be final until 30 days after the effective date of the withdrawal.

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"Withdrawal from service" or "withdrawal": Discharge or resignation of an employee. For the purpose of improving sums to the credit of municipal employees for annuity purposes at the 3%, 3 1/2% or 4% per annum interest rate herein provided, re-entrance into service within 12 months after withdrawal from service by persons who have not received a refund under this Article shall be considered continuation in service; and for refund purposes a withdrawal from service shall not be final until 30 days after the effective date of the withdrawal.