5.20 C. IMRF Early Retirement Incentive (ERI)

4. Eligible members

To be eligible to retire under the IMRF ERI:

1. The member's employer must adopt the program.

2. The member must be participating in IMRF with the employer enacting the ERI program on the effective date of his or her employer's ERI program. A member would still be considered participating in IMRF if he or she is:

   1. On layoff status with right of re-employment,

   2. On IMRF Benefit Protection Leave of Absence, or

   3. Receiving IMRF disability benefits While receiving IMRF temporary or total and permanent disability benefits, a member earns service credit and has the same death benefit protection as if he or she were working. for less than two years.

3. Tier 1 members must be at least age 50; Tier 2 (except SLEP) members must be at least age 57. Members must have at least 20 years of service credit by his or her date of retirement.

   1. The 20 years of service credit can include service with another IMRF employer

   2. Unused, unpaid sick leave cannot be used to meet the 20-year service requirement

4. The member's date of retirement must be no later than 12 months from his or her employers ERI program effective date.

5. The member cannot have previously received a pension using IMRF service credit.

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