Ill. Admin. Code tit. 80, § 2200.530 - Percentage of Cost
a) In addition
to the percentage of annuity outlined in Section 2200.420, any SERS, SURS or
TRS Annuitant who retired on or after January 1, 1998 with less than 20 years
of State service, or any SERS, SURS or TRS Survivor whose annuity is based upon
the work of an individual who retired on or after January 1, 1998 with less
than 20 years of State service, shall pay 5% of the cost of the elected
coverage for each year less than 20 upon which the annuity is based.
b) SURS Annuitants who retired under PA
91-0395, or SURS Survivors whose annuity is based upon the work of an
individual who retired under PA 91-0395, shall not be required to pay the
additional amounts outlined in subsection (a)(1).
Notes
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