(40 ILCS 5/15-136.3)
Minimum retirement annuity.
(a) Beginning January 1, 1997, any person who is receiving a monthly
annuity under this Article which, after inclusion of (1) all one-time and
automatic annual increases to which the person is entitled, (2) any
supplemental annuity payable under Section 15-136.1, and (3) any amount
deducted under Section 15-138 or 15-140 to provide a reversionary annuity, is
less than the minimum monthly retirement benefit amount specified in subsection
(b) of this Section, shall be entitled to a monthly supplemental payment equal
to the difference.
(b) For purposes of the calculation in subsection (a), the minimum monthly
retirement benefit amount is the sum of $25 for each year of service credit, up
to a maximum of 30 years of service.
(c) This Section applies to all persons receiving a retirement annuity under
this Article, without regard to whether or not employment terminated prior to
the effective date of this Section.
(Source: P.A. 98-92, eff. 7-16-13.)