Illinois Administrative Code
Title 80 - PUBLIC OFFICIALS AND EMPLOYEES
Part 2700 - STATE (OF ILLINOIS) EMPLOYEES' DEFERRED COMPENSATION PLAN
Subpart E - ESTABLISHMENT OF RETIREMENT AGE
Section 2700.510 - Alternative Normal Retirement Age

Universal Citation: 80 IL Admin Code ยง 2700.510

Current through Register Vol. 48, No. 52, December 27, 2024

a) A Participant may elect an alternative Normal Retirement Age. Such an election shall be in writing and shall be submitted to the Department.

b) A Participant's alternative Normal Retirement Age shall not be earlier than the earliest date that the Participant will become eligible to retire and receive unreduced retirement benefits under one of the following retirement systems of which the Employee is a member:

1) General Assembly Retirement System;

2) State Employees' Retirement System of Illinois;

3) State Universities Retirement System;

4) Teachers' Retirement System of the State of Illinois; or

5) Judges Retirement System of Illinois.

c) If the Participant is not eligible to receive benefits under a basic retirement plan maintained by the State, the Participant's alternative Normal Retirement Age may not be earlier than the attainment of age 50.

d) The alternative Normal Retirement Age may not be later than the date the Participant attains the age of 701/2.

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.