(40 ILCS 5/9-125)
(from Ch. 108 1/2, par. 9-125)
Annuities - Present employees and future entrants
attaining age 65 in service.
(a) A present employee who attains age 65 or more in service, having
age and service and prior service annuity credits sufficient to provide
an annuity as of age 65 equal to the amount he would have had if employee
contributions and county contributions had been made in
accordance with this Article during his entire term of service until age
65 shall be entitled upon withdrawal to an annuity from the sum
accumulated for age and service annuity and the applicable credits for
prior service annuity.
(b) A present employee who attains age 65 or more in service, and
who does not have the credits described in paragraph (a), shall be
entitled on the date of withdrawal, based upon the assumption that his
age is then 65, to an annuity based on the sum accumulated for age and
service annuity and the applicable credits for prior service annuity.
(c) A future entrant who attains age 65 in service shall be
entitled, upon withdrawal, to age and service annuity provided from the
sum accumulated for such annuity at such age.
(Source: P.A. 81-1536.)