Illinois Compiled Statutes 40 ILCS 5 Illinois Pension Code. Section 11-172

    (40 ILCS 5/11-172) (from Ch. 108 1/2, par. 11-172)

    Sec. 11-172. Contributions by employee after annuity is fixed.

    Any contributions by an employee, after the date when his age and service annuity is fixed, shall not increase the amount of such annuity. Such contributions shall be applied toward the extra cost of a minimum annuity where payable over the amount of age and service annuity. The accumulated sum arising therefrom shall be refunded when the employee withdraws from service if he be not entitled to such minimum annuity, or shall be applied toward the extra cost of such minimum annuity if he is eligible therefor, over the age and service annuity to the extent of such extra cost as provided in Section 11-149. The balance, if any, shall be refunded.

    In the event the employee is not entitled to a minimum annuity, or upon death of the employee while in the service after his attainment of age 65 with less than 20 years of service credit at date of death, the accumulated sum arising from employee contributions after his annuity was fixed at age 65 shall be refunded to his widow.

(Source: P.A. 76-1509.)

Sections:  Previous  11-167  11-168  11-169  11-169.1  11-170  11-170.1  11-171  11-172  11-173  11-174  11-175  11-175.1  11-176  11-177  11-178  Next

Last modified: February 18, 2015