IL SB2607

Allows State policemen meeting Tier 2 provisions to receive alternative retirement annuity under Section 14-110 if they have withdrawn from service with at least 20 years of eligible creditable service and attained age 50 (instead of age 60), regardless of whether they are still in active service.

Changes apply retroactively without regard to whether the person was in active service on or after the effective date of this amendatory act.

Excludes any benefit increase resulting from this amendment from the definition of "new benefit increase" under pension law.

Takes effect immediately upon becoming law.