(40 ILCS 5/14-104.12)
Sec. 14-104.12. Early termination incentives under the State Finance Act. Notwithstanding any other provision of this Article and notwithstanding that they may be payable from a personal services line item, early termination incentives paid under Section 14a.5 of the State Finance Act: (1) shall not be included in, and do not affect the |
| calculation of, compensation or final average compensation under this Article;
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(2) do not entitle the recipient to establish any
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| additional service credit under this Article;
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(3) do not require and shall not result in the
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| payment of any employee or employer contributions under this Article; and
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(4) have no effect under this Article except to
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| disqualify the recipient from receiving the alternative retirement cancellation payment under Section 14-108.5.
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(Source: P.A. 93-839, eff. 7-30-04.)
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