TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE D: RETIREMENT SYSTEMS CHAPTER III: TEACHERS' RETIREMENT SYSTEM OF THE STATE OF ILLINOIS PART 1650 THE ADMINISTRATION AND OPERATION OF THE TEACHERS' RETIREMENT SYSTEM SECTION 1650.3221 TIER II DISABILITY RETIREMENT ANNUITY FINAL AVERAGE SALARY
Section 1650.3221 Tier II Disability Retirement Annuity Final Average Salary
Final average salary for the purpose of determining a Tier II disability retirement annuity under Section 16-149.2 of the Illinois Pension Code shall be:
a) For a Tier II member with less than 8 years of creditable service, the average salary during the member's entire period of creditable service.
b) For a Tier II member with 8 or more years of creditable service, the average salary for the highest 8 consecutive years within the last 10 years of creditable service as determined under Section 1-160(b) of the Code.
(Source: Added at 40 Ill. Reg. 14099, effective September 28, 2016) |