(40 ILCS 5/15-153.3)
(from Ch. 108 1/2, par. 15-153.3)
Automatic increase in disability benefit.
benefit payable under Section 15-150 and calculated under Section 15-153 or
15-153.2 that has not yet received an initial increase under this Section
shall be increased by 0.25% of the monthly disability benefit multiplied by
the number of full months that have elapsed since the benefit began on January 1, 2002 or
the January 1 next following the
granting of the benefit, whichever occurs later.
On each January 1 following the initial increase under this
Section, the disability benefit shall be increased by 3% of the current
amount of the benefit, including prior increases under this Article.
The changes made to this Section by this amendatory Act of the 92nd
General Assembly apply without regard to whether the benefit recipient
was in service on or after the effective date of this amendatory Act.
(Source: P.A. 92-749, eff. 8-2-02.)