PENSION BENEFIT AT RETIREMENT. At retirement, an employee’s sick leave days may be credited as days worked for purposes of pension benefits, pursuant to rules of the Illinois Municipal Retirement Fund.
PENSION BENEFIT AT RETIREMENT. Your benefit at retirement on contributions, that include accumulated credited interest, made prior to April 1, 2003 by you and the Company on your behalf, will be used to purchase a life annuity. Your benefit at retirement on contributions, that include accumulated credited interest, made April 1, 2003 forward by you and the Company on your behalf, to the Registered Retirement Savings Plan (RRSP), can be taken in cash (less tax), transferred to another RRSP, and/or to purchase a life annuity.
PENSION BENEFIT AT RETIREMENT. At retirement, an employee's Personal/Sick leave days may be credited as days worked for purposes of pension benefits, pursuant to rules of the Illinois Municipal Retirement Fund. For the purposes of this Section only, employees shall be permitted to accrue Personal/Sick leave days up to the maximum permitted by IMRF.
