(40 ILCS 5/5-124) (from Ch. 108 1/2, par. 5-124)
Sec. 5-124.
Present employees - Limitation to and amount of prior
service annuities in certain cases.
A present employee who has a credit on the effective date, for prior
service annuity, of an amount sufficient to provide annuity as of his
age on such date equal to that to which he would have had a right if employee
contributions by salary deductions and city contributions had
been made for age and service annuity during his entire period of
service until his attainment of age 57, is entitled to a prior service
annuity from the date he withdraws from service of such amount as can be
provided by his credit for prior service annuity on the effective date.
Any such present employee has no right to receive age and service
annuity.
(Source: P.A. 81-1536.)
|