(40 ILCS 5/12-152)
(from Ch. 108 1/2, par. 12-152)
Contributions by employer for service annuity and widow's service
(a) In the case of any present employee or future entrant, and for an
employee of the board, the employer shall contribute for service annuity
beginning August 4, 1961, 1.50 times the employee's contribution for this
(b) For widow's service annuity, the employer shall contribute beginning
August 4, 1961, in the case of any employee, 2.75 times the employee's
contribution for this purpose.
(c) For service prior to August 4, 1961, the employer's contributions
for any employee shall be a percentage of salary as follows:
For service annuity: July 1, 1919 to July 13, 1927, inclusive, 8% of
salary; July 14, 1927 to July 20, 1947, inclusive, 11% of salary; July 21,
1947 to August 3, 1961, inclusive, 10% of salary.
For widow's service annuity: July 1, 1919 to July 13, 1927, inclusive,
2% of salary; July 14, 1927 to August 3, 1961, inclusive, 2 3/4% of salary.
In determining the amounts to be contributed by an employer on behalf of
an employee for service annuity and widow's service annuity in conformity
with the percentage prescribed for such annuities, the contributions to be
made by the employee during any fiscal year shall be accumulated at regular
interest to the end of such year, and the employer shall make his
contributions plus such interest, with additional regular interest between
the end of such fiscal year and the dates when contributions by the
employer are made.
(Source: P.A. 77-319.)