(40 ILCS 5/9-164) (from Ch. 108 1/2, par. 9-164)
Sec. 9-164. Refunds - Withdrawal before age 55 or with less than 10
years of service.
(1) An employee, without regard to length of service, who withdraws
before age 55 (age 62 for an employee who first becomes a member on or after January 1, 2011), and any employee with less than 10 years of service who
withdraws before age 60, and any employee who first becomes a member on or after January 1, 2011 who withdraws with less than 10 years of service, shall be entitled to a refund of the total sums
accumulated to his credit as of date of withdrawal for age and service
annuity and widow's annuity resulting from amounts contributed by him or
by the county in lieu of employee contributions during duty disability.
If he is a present employee he shall also be entitled to a refund of the
total sum accumulated from any sums contributed by him and applied to
any county pension fund superseded by this fund. An employee withdrawing
on or after January 1, 1984 may receive a refund only after he has been
off the payroll for at least 30 days during which time he has received no salary.
(2) Upon receipt of the refund, the employee surrenders and forfeits
all rights to any annuity or other benefits for himself and for any
other persons who might have benefited through him; provided that he may
have any such period of service counted in computing the term of his
service - for age and service annuity purposes only - if he becomes an
employee before age 65, excepting as limited by the provisions of this
Article relating to the basis of computing the term of service.
(3) An employee who does not receive a refund shall have all amounts
to his credit for annuity purposes on the date of his withdrawal
improved by interest only until he becomes 65 while out of service at
the effective rate for his benefit and the benefit of any person who may
have any right to annuity through him if he re-enters service and
attains a right to annuity.
(4) Any such employee shall retain such right to a refund of such
amounts when he shall apply for same until he re-enters the service or
until the amount of annuity shall have been fixed as provided in this
Article. Thereafter, no such right shall exist in the case of any such
employee.
(Source: P.A. 96-1490, eff. 1-1-11.)
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