201. If the person holds or again holds pensionable employment under the retirement plan established under this Act, even if, while in that employment, he is a member of the Pension Plan of Certain Teachers, or if he holds pensionable employment under the Pension Plan of Management Personnel or the Pension Plan of Peace Officers in Correctional Services, his pension continues to be paid to him, but is reduced by the amount of the pension pertaining to the number added to his years of service pursuant to section 198, on the date on which the person holds or again holds such employment, and the provisions of the pension plans governing a pensioner’s return to work apply to his reduced pension.
Notwithstanding the first paragraph, a pensioner who wishes to retain the pension amount pertaining to the number added to his years of service is not entitled to the salary attached to the employment held. In that case, the reduction provided for in that paragraph does not apply and his pension shall continue to be paid to him, and the provisions of the pension plans relating to a pensioner’s return to work do not apply.
1983, c. 24, s. 1; 1987, c. 107, s. 202; 1990, c. 87, s. 105; 1993, c. 41, s. 22; 1997, c. 50, s. 48; 2001, c. 31, s. 347.