(40 ILCS 5/20-119) (from Ch. 108 1/2, par. 20-119)
Sec. 20-119.
Concurrent employment.
Any employee who is concurrently
employed by employers under 2 or more participating systems is entitled to
establish pension credit in accordance with the provisions of each system.
If the concurrent employment results in duplication of credits, each of
the systems shall reduce the service credit for the period of concurrent
employment to its full-time equivalent, using as a basis for this
adjustment, the earnings credited for each employment. However, no such
reduction in service credit shall be applied for the purpose of meeting
the one-year minimum service requirement in item (1) of Section 20-109,
except as provided in Section 20-120.
Combined earnings credits shall be limited to the earnings credits which
would have been established by full-time employment with the employer from
which the employee was receiving the highest salary.
Seasonal employment covered by a retirement system during a period for
which credit has been granted in another retirement system is concurrent
employment within the meaning of this Section and no adjustment of the
credits for seasonal employment is required, unless it results in a
duplication of pension credits. If seasonal employment results in a
duplication of credits, it shall be adjusted in accordance with Section
20-120.
(Source: P.A. 87-794.)
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