Post-retirement Increases
Annuitants annually receive 3 percent increases in their annuities. The first annuity increase occurs on January 1 following the first anniversary in retirement or the attainment of age 61, whichever is later. The first increase includes 3 percent for each year the member has been in retirement.
Source State of Illinois government.
Did you know teachers and adminstrator assocations oppose reform of the social security system?
Thursday, May 18, 2006
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