(40 ILCS 5/6-125) (from Ch. 108 1/2, par. 6-125)
Sec. 6-125.
Future entrants - age 50 but less than age 63 in
service - amount of annuity.
When a future entrant who attains age 50 or more in service, having
10 or more years of service, withdraws before age 63 his age and service
annuity shall be fixed as of his age at withdrawal. He is entitled to
annuity, after withdrawal, of the amount provided from the following
sums on the date of withdrawal:
(1) If service is 20 or more years, the entire sum accumulated to
his credit for age and service annuity; or
(2) If service is 10 or more but less than 20 years, the entire sum
accumulated to his credit for age and service annuity from deductions
from salary, plus 1/10 of the sum accumulated for such purpose from
contributions by the city, for each completed year of service after the
first 10 years.
(Source: P.A. 81-1536.)
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