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``` ` ` `(40 ILCS 5/12-122)` `(from Ch. 108 1/2, par. 12-122)` ```
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``` ` ` `Sec. 12-122. ` ```
``` `Salary. ` ```
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``` ` ` `"Salary":` ```
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(a) The annual salary of any employee whose salary is on a yearly basis;
(b) 12 times the amount of the salary per month of an employee whose salary
is on a monthly basis; (c) 52 times the amount of the salary per week of an
employee whose salary is on a weekly basis; (d) 260 times the amount of the
salary per day of an employee whose salary is on a daily basis or 2,080
times the amount of the salary per hour of an employee whose salary is on
an hourly basis. The number of days or hours in excess of the maximum
prescribed by the employer shall not be considered; (e) the maximum annual
salary when arranged on a yearly basis to be considered for contributions
and benefits for the various purposes of this Article for the periods
specified shall be as follows: July 1, 1919 to June 30, 1921, inclusive,
$2,500; July 1, 1921 to July 20, 1947, inclusive, $3,000; July 21, 1947, to
June 30, 1951, inclusive, $4,800; July 1, 1951 to June 30, 1957, inclusive,
$6,000; July 1, 1957 and thereafter, no maximum limitation; (f) the maximum
annual salary where arranged on other than a yearly basis to be considered
for contributions and benefits for the various purposes of this Article for
the periods prior to the effective date of the formulas specified in
paragraph (b), (c) or (d) of this section, shall be computed in accordance
with the applicable law in force during such periods.
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Salary for part-time employment in positions of a seasonal or part-time
character shall be computed in accordance with the foregoing standards as
the same may be applicable for the respective periods of employment under
rules established by the board.
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``` `(Source: P.A. 78-266.)` ```
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