40 ILCS 5/14-107

Current through Public Act 103-593
Section 40 ILCS 5/14-107 - [Text of Section WITHOUT the changes made by P.A. 98-599, which has been held unconstitutional] Retirement annuity - service and age-conditions
(a) A member is entitled to a retirement annuity after having at least 8 years of creditable service.
(b) A member who has at least 35 years of creditable service may claim his or her retirement annuity at any age. A member having at least 8 years of creditable service but less than 35 may claim his or her retirement annuity upon or after attainment of age 60 or, beginning January 1, 2001, any lesser age which, when added to the number of years of his or her creditable service, equals at least 85. A member upon or after attainment of age 55 having at least 25 years of creditable service (30 years if retirement is before January 1, 2001) may elect to receive the lower retirement annuity provided in paragraph (c) of Section 14-108 of this Code. For purposes of the rule of 85, portions of years shall be counted in whole months.
(c) The allowance shall begin with the first full calendar month specified in the member's application therefor, the first day of which shall not be before the date of withdrawal as approved by the board. Regardless of the date of withdrawal, the allowance need not begin within one year of application therefor.

40 ILCS 5/14-107

P.A. 82-342; 91-927, eff. 7/7/2000.
This section is set out more than once due to postponed, multiple, or conflicting amendments.