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(40 ILCS 5/14-104.3) (from Ch. 108 1/2, par. 14-104.3)
(Text of Section WITH the changes made by P.A. 98-599, which has been
held unconstitutional)
Sec. 14-104.3.
Notwithstanding provisions contained in
Section 14-103.10, any person who first becomes a member before
the effective date of this amendatory Act of the 98th General
Assembly and who at the time of retirement and after December
6, 1983 receives compensation
in a lump sum for accumulated vacation, sickness, or personal business may
receive service credit for such periods by making contributions within 90
days of withdrawal, based on the rate of compensation in effect immediately
prior to retirement and the contribution rate then in effect. Any person who first becomes a member on or after
the effective date of this amendatory Act of the 98th General Assembly and who receives compensation in a lump sum for
accumulated vacation, sickness, or personal business may not
receive service credit for such periods. Exercising
the option provided in
this Section shall not change a member's date of withdrawal or final average
compensation for purposes of computing the amount or effective date of a
retirement annuity. Any annuitant who establishes service credit as herein
provided shall have his retirement annuity adjusted retroactively to the
date of retirement.
(Source: P.A. 98-599, eff. 6-1-14.) (Text of Section WITHOUT the changes made by P.A. 98-599, which has been
held unconstitutional)
Sec. 14-104.3.
Notwithstanding provisions contained in
Section 14-103.10, any member who at the time of retirement and after December
6, 1983 receives compensation
in a lump sum for accumulated vacation, sickness, or personal business may
receive service credit for such periods by making contributions within 90
days of withdrawal, based on the rate of compensation in effect immediately
prior to retirement and the contribution rate then in effect. Exercising
the option provided in
this Section shall not change a member's date of withdrawal or final average
compensation for purposes of computing the amount or effective date of a
retirement annuity. Any annuitant who establishes service credit as herein
provided shall have his retirement annuity adjusted retroactively to the
date of retirement.
(Source: P.A. 83-1362.)
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