(40 ILCS 5/8-176)
(from Ch. 108 1/2, par. 8-176)
Additional credits-To July 1, 1923.
The board shall also ascertain the service rendered by each present
employee who did not attain age 65 prior to July 1, 1923, and the service
rendered by each future entrant between the day before the effective date
and July 1, 1923. Each such employee shall be credited with 5 3/4% of his
annual salary during such service, with interest thereon at the effective
rate to July 1, 1923, upon the assumption that 1/12 of such 5 3/4% of such
annual salary was due at the end of each month of such service.
(Source: Laws 1963, p. 161.)