(40 ILCS 5/5-127) (from Ch. 108 1/2, par. 5-127)
Sec. 5-127.
Minimum amount of annuity of present employee.
Any present employee who withdraws on or after the effective date having
at least 20 years of service and for whom the annuity otherwise provided in
this Article is less than the amount stated in this section, has a right to
annuity as follows:
(1) If he is at least age 50 on withdrawal, his annuity, from and after
such withdrawal, shall be 50% of the compensation attached to or
appropriated for the rank in the police department which he may have held
by civil service appointment on the day one year prior to the date of
withdrawal from service. Beginning July 1, 1931, the compensation to be
used shall be not less than that in effect on July 1, 1931;
(2) If he is less than age 50 on withdrawal, his annuity, beginning on
the date he becomes age 50, shall be 50% of his salary at withdrawal but
not in excess of $900 a year.
(Source: Laws 1963, p. 161.)
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