Illinois General Assembly - Illinois Compiled Statutes

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40 ILCS 5/9-132

(40 ILCS 5/9-132) (from Ch. 108 1/2, par. 9-132)

Sec. 9-132.

Minimum annuity.

A present employee who was a contributor to a county pension fund in
operation on the effective date who withdraws on or after such date having
20 or more years of service and for whom the amount of annuity provided by
this Article is less than the amount stated in this section has a right to
receive annuity as follows:

(a) $600 a year after the date of withdrawal if he is

age 55 or more at such time;

(b) $600 a year after the date he becomes age 55 if

he is less than such age when he withdraws.

In addition to the combined age and service and prior service annuities
to which a present employee is entitled, an employee with 24 or more years
of service who has attained age 65 or more at the time he withdraws is
entitled to receive a sum equal to the difference between the combined age
and service annuity and prior service annuity, and 1/3 of his salary at the
date of his withdrawal.

(Source: Laws 1963, p. 161.)