(40 ILCS 5/11-131) (from Ch. 108 1/2, par. 11-131)
Sec. 11-131.
Annuities - Present employees and future
entrants - Withdrawal before age 55.
An employee who withdraws after 10 years of service before age 55 and
attains age 55 while out of service, shall be entitled to annuity, after
attainment of age 55, as follows:
1. Present employee and future entrant with 20 or more years of
service-age and service annuity provided from the total sum accumulated
to his credit from employee contributions and city contributions for
such annuity, and, in addition in the case of a present employee, prior
service annuity from the total sum accumulated to his credit for such
annuity.
2. Present employee and future entrant with 10 or more but less than
20 years of service-age and service annuity provided from the total sum
accumulated to his credit for such annuities
from employee contributions plus 1/10 of the city contributions for
each year of service after the
first 10 years and in addition, in the case of a present employee, 1/10
of the total sum accumulated to his credit for prior service annuity
under "The 1935 Act" and this Article, for each year of service after
the first 10 years.
Any such annuity shall be computed as though the employee were age 55
when granted regardless of his actual age at the time of application for
annuity. An employee shall not be entitled to annuity for any period
between the date he attained age 55 and the date of application for
annuity.
(Source: P.A. 81-1536.)
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