Statutes, codes, and regulations
Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEESPart 1650 - THE ADMINISTRATION AND OPERATION OF THE TEACHERS' RETIREMENT SYSTEM
Subpart E - CONTRIBUTION CREDITS AND PAYMENTS
Section 1650.415 - Return of Optional Increase in Retirement Annuity Contributions

Ill. Admin. Code tit. 80 § 1650.415

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Current through Register Vol. 48, No. 24, June 14, 2024
Section 1650.415 - Return of Optional Increase in Retirement Annuity Contributions
a) A member who has made contributions toward the optional increase in retirement annuity provided in 40 ILCS 5/16-129.1, and who determines such optional annuity increase is not in his or her best financial interest, may elect at retirement not to qualify for such increase in annuity and request a return of the member's optional increase in retirement annuity contributions from the System.
b) Upon such request, the member's optional increase in retirement annuity contributions will be returned to the member without interest.

Ill. Admin. Code tit. 80, § 1650.415

Added at 25 Ill. Reg. 203, effective December 22, 2000