40 ILCS 5/6-128.2
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

   (from Ch. 108 1/2, par. 6-128.2)Sec. 6-128.2. Minimum retirement annuities.(a) Beginning with the monthly payment due in January, 1988, the monthly  annuity payment for any person who is entitled to receive a retirement  annuity under this Article in January, 1990 and has retired from service at  age 50 or over with 20 or more years of service, and for any person who  retires from service on or after January 24, 1990 at age 50 or over  with 20 or more years of service, shall not be less than $475 per month.  The $475 minimum annuity is exclusive of any automatic annual increases  provided by Sections 6-164 and 6-164.1, but not exclusive of previous  raises in the minimum annuity as provided by any Section of this Article.Beginning January 1, 1992, the minimum retirement annuity payable to  any person who has retired from service at age 50 or over with 20 or more  years of service and is entitled to receive a retirement annuity under this  Article on that date, or who retires from service at age 50 or over with 20  or more years of service after that date, shall be $650 per month.Beginning January 1, 1993, the minimum retirement annuity payable to  any person who has retired from service at age 50 or over with 20 or more  years of service and is entitled to receive a retirement annuity under this  Article on that date, or who retires from service at age 50 or over with 20  or more years of service after that date, shall be $750 per month.Beginning January 1, 1994, the minimum retirement annuity payable to  any person who has retired from service at age 50 or over with 20 or more  years of service and is entitled to receive a retirement annuity under this  Article on that date, or who retires from service at age 50 or over with 20  or more years of service after that date, shall be $850 per month.Beginning January 1, 2004, the minimum retirement annuity payable to any  person who has retired from service at age 50 or over with 20 or more years of  service and is entitled to receive a retirement annuity under this Article on  that date, or who retires from service at age 50 or over with 20 or more years  of service after that date, shall be $950 per month.Beginning January 1, 2005, the minimum retirement annuity payable to any  person who has retired from service at age 50 or over with 20 or more years of  service and is entitled to receive a retirement annuity under this Article on  that date, or who retires from service at age 50 or over with 20 or more years  of service after that date, shall be $1,050 per month.Beginning January 1, 2016, the minimum retirement annuity payable to any person who has retired from service at age 50 or over with 20 or more years of service and is entitled to receive a retirement annuity under this Article on that date, or who retires from service at age 50 or over with 20 or more years of service after that date, shall be no less than 125% of the Federal Poverty Level. For purposes of this Section, the "Federal Poverty Level" shall be determined pursuant to the poverty guidelines updated periodically in the Federal Register by the United States Department of Health and Human Services under the authority of 42 U.S.C. 9902(2).The minimum annuities established by this subsection (a) do include  previous raises in the minimum annuity as provided by any Section of this  Article, but do not include any sums which have been added or will be added  to annuity payments by the automatic annual increases provided by Sections  6-164 and 6-164.1.  Such annual increases shall be paid in addition to the  minimum amounts specified in this subsection.(b) Notwithstanding any other provision of this Article, beginning  January 1, 1990, the minimum retirement annuity payable to any person who  is entitled to receive a retirement annuity under this Article on that date  shall be $475 per month.(c) The changes made to this Section by this amendatory Act of the  93rd General Assembly apply to all persons receiving a retirement  annuity under this Article, without regard to whether the retirement of the  fireman occurred prior to the effective date of this amendatory Act.  (Source: P.A. 99-506, eff. 5-30-16.)