Illinois Compiled Statutes 40 ILCS 5/5-111 – Future entrant
Current as of: 2024 | Check for updates
|
Other versions
“Future entrant”:
(a) A person employed by a city as a policeman for the first time on or after the effective date;
(b) A former policeman of a city who reenters the police service on or after the effective date; and
(c) Effective January 1, 1960, a policeman who qualifies as a future entrant under the “Park Policemen’s Annuity Act”, whose employment as a policeman has been transferred to the police service of the city as a result of the “Exchange of Functions Act of 1957”.
(a) A person employed by a city as a policeman for the first time on or after the effective date;
Terms Used In Illinois Compiled Statutes 40 ILCS 5/5-111
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
(b) A former policeman of a city who reenters the police service on or after the effective date; and
(c) Effective January 1, 1960, a policeman who qualifies as a future entrant under the “Park Policemen’s Annuity Act”, whose employment as a policeman has been transferred to the police service of the city as a result of the “Exchange of Functions Act of 1957”.