(40 ILCS 5/8-136) (from Ch. 108 1/2, par. 8-136)
Sec. 8-136.
Minimum annuities.
A present employee who was a contributor to a municipal pension fund
which has been merged into and become part of the fund in accordance with
The 1921 Act or this Article who withdraws after such merger having 20 or
more years of service and for whom the amount of annuity provided by this
Article is less than the amount stated in this section has a right to
receive annuity as follows:
(a) $600 A year after the date of withdrawal if he is age 55 or more at
such time.
(b) $600 A year after the date he becomes age 55 if he is less than such
age when he withdraws.
In addition to the combined age and service and prior service annuities
to which an employee is entitled (except one in receipt of pension or
annuity from the annuity and benefit fund herein provided for on June 30,
1935), an employee with 35 or more years of service who has attained age 65
or more at the time he withdraws, is entitled to receive a sum equal to the
difference between the combined age and service annuity and prior service
annuity, and 50% of his highest "actual compensation", but not in excess of
33 1/3% of the combined age and service annuity and prior service annuity.
(Source: Laws 1963, p. 161.)
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