(40 ILCS 5/5-125) (from Ch. 108 1/2, par. 5-125)
Sec. 5-125.
Present employees - Age 57 in service - Amount of annuity.
(a) A present employee who attains age 57 or more while in service,
having credit from sums accumulated for age and service annuity and
prior service annuity sufficient to provide annuity as of his age at
such time equal to that to which he would have had a right if
employee contributions by salary deductions and
city contributions had been made
in accordance with this Article applicable to age and service annuity
during his entire period of service until he attained age 57, is
entitled to such age and service annuity and prior service annuity when
he withdraws.
(b) A present employee who attains age 57 or more while in service
and who has not to his credit for age and service annuity and prior
service annuity the amount described in paragraph (a) above is entitled
on the date of his withdrawal to such age and service annuity and prior
service annuity as can be provided by the amount to his credit for such
annuities.
(Source: P.A. 81-1536.)
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