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Illinois · Through at least Public Act 104-790

40 ILCS 5/14-104.12: Early termination incentives under the State Finance Act.

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Where this section sits in the code
  1. CHAPTER 40 PENSIONS
  2. Illinois Pension Code.

Notwithstanding any other provision of this Article and notwithstanding that they may be payable from a personal services line item, early termination incentives paid under Section 14a.5 of the State Finance Act:

(1) shall not be included in, and do not affect the calculation of, compensation or final average compensation under this Article;

(2) do not entitle the recipient to establish any additional service credit under this Article;

(3) do not require and shall not result in the payment of any employee or employer contributions under this Article; and

(4) have no effect under this Article except to disqualify the recipient from receiving the alternative retirement cancellation payment under Section 14-108.5.

Collected 2026-09-15T04:46:20Z. Source file · JSON

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