Illinois Compiled Statutes 40 ILCS 5 Illinois Pension Code. Section 6-158

    (40 ILCS 5/6-158) (from Ch. 108 1/2, par. 6-158)

    Sec. 6-158. Refund-General.

    (a) A fireman who withdraws before age 50 and a fireman with less than 10 years of service who withdraws before age 57, or any fireman who withdraws and enters the service of another department of the city, has a right to a refund of the entire amount to his credit as of date of withdrawal for age and service annuity and widow's annuity from deductions from salary.

    (b) Any such fireman shall be entitled to refund until he re-enters service or until his annuity is fixed.

    (c) A fireman who receives a refund forfeits all rights to any annuity or benefit from the fund, for himself and for any other person who might benefit through him because of his service, provided he shall retain the right to credit for any such service, for the purpose of computing his total service if he re-enters service before age 57, becomes a beneficiary of the fund and makes repayment of the refund with interest.

    (d) A fireman completing 10 years of service who does not receive a refund, may receive an annuity as provided in this Article.

    (e) A fireman completing less than 10 years who does not receive a refund has a right to have all amounts to his credit for annuity purposes on the date of withdrawal improved by interest while he is out of service until age 57 only, for his benefit and the benefit of any person who may have any right to annuity through him, if he subsequently reenters service and attains a right to annuity.

(Source: Laws 1965, p. 2464.)

Sections:  Previous  6-151.2  6-152  6-153  6-154  6-155  6-156  6-157  6-158  6-159  6-160  6-161  6-162  6-163  6-164  6-164.1  Next

Last modified: February 18, 2015