Section 1540.406  Retirement Eligibility Criteria For Tier 2 Members Who Are Vested With Police Powers

a)         A Tier 2 member qualifies for a retirement annuity payable at age 55 provided that the member has attained at least 20 years of eligible creditable service for service as any of the following:  a State policeman, investigator for the Secretary of State, conservation police officer, investigator for the Department of Revenue or the Illinois Gaming Board, investigator for the Office of the Attorney General, Commerce Commission police officer, or arson investigator, as defined in subsection (b) and subsection (c) of Section 14-110 of the Illinois Pension Code [40 ILCS 5].

b)         For purposes of this Section, "Tier 2 Member" means a member of the System who is subject to the provisions of Section 1-160 of the Illinois Pension Code.

(Source:  Added at 48 Ill. Reg. 13838, effective August 27, 2024)