Illinois Statutes
§ 8-234 — Basis of salary deduction
Illinois·Topic GOVERNMENT·Ch. 40 PENSIONS·Act 40 ILCS 5/ Illinois Pension Code.·Art. Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants
The total of salary deductions for employee contributions for annuity purposes to be considered for any 1 calendar year shall not exceed that produced by the application of the proper salary deduction rates to the highest annual salary considered for annuity purposes for such year. For the year 1957 or prior years, where deductions from salary on overtime pay may have, in the case of some daily or hourly paid employees, resulted in excess deductions for the year, such excess deductions may be considered as proper salary deductions for age and service and widow's annuity, unless refunded at the employee's request.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 8-234 (Basis of salary deduction) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 81-1536.)
Nearby Sections
15
§ 8-101
Creation of fund§ 8-102
Terms defined§ 8-103
Fund§ 8-104
The 1921 Act§ 8-107.1
Public Library Employes' Pension Act§ 8-108.3
§ 8-108.3§ 8-109
Civil Service Act§ 8-109.1
§ 8-109.1§ 8-110
Employer§ 8-111
Effective date