Illinois § 8-127 Time of fixing annuities-Waiver

Illinois Statutes

§ 8-127 — Time of fixing annuities-Waiver

Illinois § 8-127

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. 8-127 (2026).

Text

No annuity or disability benefit shall be fixed, granted or paid under this Article before the effective date. Any retired employee or widow annuitant may execute a waiver of his or her right to receive all or part of the total annuity. A waiver shall take effect upon its being filed with the board, and may not be revoked after it is executed and filed, except within the first 30 days after being filed.

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No annuity or disability benefit shall be fixed, granted or paid under this Article before the effective date. Any retired employee or widow annuitant may execute a waiver of his or her right to receive all or part of the total annuity. A waiver shall take effect upon its being filed with the board, and may not be revoked after it is executed and filed, except within the first 30 days after being filed.