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40 ILCS 5/9-170
(40 ILCS 5/9-170) (from Ch. 108 1/2, par. 9-170)
Sec. 9-170.
Contributions for age and service annuities for present
employees, future entrants and re-entrants.
(a) Beginning on the effective date as to a present employee in
paragraph (a) or (c) of Section 9-109, or as to a future entrant in
paragraph (a) of Section 9-110, and beginning on September 1, 1935 as
to a present employee in paragraph (b) (1) of Section 9-109 or as to a
future entrant in paragraph (b) or (d) of Section 9-110, and beginning
from the date of becoming a contributor as to any present employee in
paragraph (b)(2) or (d) of Section 9-109, or any future entrant in
paragraph (c) or (e) of Section 9-110, there shall be deducted and
contributed to this fund 3 1/4% of each payment of salary for age and
service annuity until July 1, 1947. Beginning July 1, 1947 and prior to
July 1, 1953, 5% and beginning July 1, 1953, and prior to September 1,
1971, 6%; and beginning September 1, 1971, 6 1/2% of each payment of
salary of such employees shall be deducted and contributed for such
purpose.
From and after January 1, 1966, each deputy sheriff as defined
in Section 9-128.1 who is a member of the County Police Department and
a participant of this fund shall contribute 7% of salary for age and
service annuity. At the time of retirement on annuity, a deputy sheriff
who is a member of the County Police Department, who chooses to retire
under provisions of this Article other than Section 9-128.1, may receive a
refund of the difference between the contributions made as a deputy sheriff
who is a member of the County Police Department and the contributions that
would have been made for such service not as a deputy sheriff who is a
member of the County Police Department, including interest earned.
Such deductions beginning on the effective date and prior to July 1,
1947 shall be made and continued for a future entrant while he is in the
service until he attains age 65, and beginning on the effective date and
prior to July 1, 1953 for a present employee while he is in the service
until the amount so deducted from his salary or paid by him according to
law to any county pension
fund in force on the effective date, with interest on both such amounts
at 4% per annum, equals the sum that would have been to his credit from
sums deducted from his salary if deductions at the rate herein stated
had been made during his entire service until he attained age 65, with
interest at 4% per annum for the period subsequent to his attainment of
age 65. Such deductions beginning July 1, 1947 for future entrants and
beginning July 1, 1953 for present employees shall be made and continued
while such future entrant or present employee is in the service.
(b) Concurrently with each employee contribution, the county shall
contribute beginning on the effective date and prior to July 1, 1947, 5
3/4%, and beginning on July 1, 1947 and prior to July 1, 1953, 7%; and
beginning on July 1, 1953, 6% of each payment of such salary until the
employee attains age 65.
(c) Each present employee contribution made prior to the date the
age and service annuity for such employee is fixed, each future entrant
contribution, and each corresponding county contribution shall be
allocated to the account of and credited to the employee for whose
benefit it is made.
(Source: P.A. 86-1488.)
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