(40 ILCS 5/16-136.3)
(from Ch. 108 1/2, par. 16-136.3)
Alternate minimum retirement annuity.
member retiring with at least 10 years of creditable service on or before
December 31, 1983 is entitled to such additional amount of retirement
annuity under this Section, if necessary, that is sufficient to provide
a minimum retirement annuity of $200 per month. Any increase in retirement
annuity provided under this Section shall not begin to
accrue until the latest of: (1) September
1 following attainment of age 60; (2) September 1 following the first
anniversary of retirement; or (3) the first day of the month following
receipt of the required qualifying contribution from the annuitant as
specified in Section 16-136.2.
(b) The minimum retirement annuity provided under this
Section shall continue to be paid only to
the extent that funds are available in the minimum retirement annuity
reserve established under Section 16-186.3.
(Source: P.A. 83-1440.)