(40 ILCS 5/11-128)
(from Ch. 108 1/2, par. 11-128)
Annuities - Present employees and future entrants
attaining age 65 in service.
(a) A present employee who attains age 65 or more in service, having
age and service and prior service annuity credits sufficient to provide
an annuity as of his age at such time equal to the amount he would have
had if employee contributions and
city contributions had been made in
accordance with this Article during his entire term of service until age
65, shall be entitled to such annuity upon withdrawal.
(b) A present employee who attains age 65 or more in service, and
who does not have the credits described in paragraph (a), shall be
entitled, on the date of withdrawal, to such age and service annuity and
prior service annuity provided from the entire sum accumulated to his
credit therefor on the date of his withdrawal computed as of his age on
such date of withdrawal.
(c) A future entrant who attains age 65 in service shall be
entitled, upon withdrawal, to age and service annuity provided from the
entire sum accumulated to his credit for such annuity computed as of his
(Source: P.A. 81-1536.)