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TITLE 80: PUBLIC OFFICIALS AND EMPLOYEES
SUBTITLE D: RETIREMENT SYSTEMS CHAPTER I: STATE EMPLOYEES' RETIREMENT SYSTEM OF ILLINOIS PART 1540 THE ADMINISTRATION AND OPERATION OF THE STATE EMPLOYEES' RETIREMENT SYSTEM OF ILLINOIS SECTION 1540.190 LUMP SUM SALARY PAYMENTS
Section 1540.190 Lump Sum Salary Payments
Employee retirement contributions are not to be assessed against certain lump sum salary payments as provided in the Act. This exclusion shall apply only to lump sum salary payments made to a member on or after the member's withdrawal from State employment or the effective date of disability benefit. |