(40 ILCS 5/8-179)
(from Ch. 108 1/2, par. 8-179)
Additional credit-Present employees.
The board shall also ascertain the service rendered by each present
employee who attained age 65 subsequent to the day before the effective
date and prior to July 1, 1923, between the said first named date and the
date he attained age 65. 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 the date he attained age 65, 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.)