(40 ILCS 5/11-126) (from Ch. 108 1/2, par. 11-126)
Sec. 11-126.
Prior service annuity-When due.
A "Prior Service Annuity" shall be credited to present employees in
accordance with "The 1935 Act" for service rendered prior to the
effective date.
Each such credit shall be improved by interest at the effective rate
during the time the employee is in service until his annuity is fixed. In
determining such credit, the employee's annual salary for his entire period
of prior service shall be the salary in effect on the effective date.
(Source: Laws 1963, p. 161.)
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