Ill. Admin. Code tit. 80, § 1650.415 - Return of Optional Increase in Retirement Annuity Contributions
a) A member who has
made contributions toward the optional increase in retirement annuity provided
in 40 ILCS 5/16-129.1, and who determines such optional annuity increase is not
in his or her best financial interest, may elect at retirement not to qualify
for such increase in annuity and request a return of the member's optional
increase in retirement annuity contributions from the System.
b) Upon such request, the member's optional
increase in retirement annuity contributions will be returned to the member
without interest.
Notes
Added at 25 Ill. Reg. 203, effective December 22, 2000
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