(40 ILCS 5/12-124) (from Ch. 108 1/2, par. 12-124)
Sec. 12-124.
Fixation of annuity; limitation on reversionary annuity.
"Fixation of annuity": As applied to a service annuity or prior
service annuity or a surviving spouse's annuity, the final
determination of the annuity at the date of retirement.
A reversionary annuity calculated after January 1, 1990 may not be
more than 75% of the service annuity granted to the employee annuitant on
the date of retirement unless the minimum annuity to the surviving spouse
payable under Section 12-135.1 exceeds the 75% maximum payable, in which
case the minimum will be payable.
(Source: P.A. 90-655, eff. 7-30-98.)
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