Section 13-580. Miscellaneous provisions  


Latest version.
  • a.  Benefits  payable under the
      variable annuity program shall be in addition to other benefits  payable
      pursuant to this chapter.
        b.  In  the case of a contributor who is a participant in the variable
      annuity program,  an  election,  pursuant  to  section  13-523  of  this
      chapter,  to  leave  his  or her accumulated deductions with the annuity
      savings fund and to continue to contribute to such fund shall be  deemed
      to  be  an  election  to continue as a participant. If all of his or her
      accumulated deductions have already been credited to his or her  account
      in  the  variable  annuity  savings  fund, he or she may, subject to the
      provisions of such section, elect to continue as a participant.
        c. In applying the provisions of paragraphs two,  three  and  four  of
      section  13-525  of  this  chapter  in  the case of a participant in the
      variable annuity program, the value of any units credited to his or  her
      account  in  the variable annuity savings fund shall, for the purpose of
      determining his or her entitlement to, and the amount of, a  withdrawal,
      be  deemed  to  be  part  of  his or her accumulated deductions, and the
      determination       of       the        amount        of        annuity,
      pension-providing-for-increased-take-home-pay,  and retirement allowance
      shall be made as if he or she were not a participant.
        d. The provisions of section 13-561 of this chapter shall apply in the
      case of benefits under the variable annuity program.