Illinois Compiled Statutes 40 Pensions: Article 14 - State Employees' Retirement System Of Illinois

• Illinois Pension Code. - 40 ILCS 5, Section 14-101
  Creation of system. A retirement and benefit system is created to provide retirement annuities and other benefits for employees of the State of Illinois....
• Illinois Pension Code. - 40 ILCS 5, Section 14-102
  Purpose. The purpose of the system is to provide an orderly means whereby aged or disabled employees may be retired from active service, without...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103
  Terms defined. The terms used in this Article shall have the meanings ascribed to them in the Sections which succeed this Section and precede...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.01
  Retirement system or system. "Retirement system" or "system": the State Employees' Retirement System of Illinois. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.02
  Board of trustees or board. "Board of trustees" or "board": the board created in this Article to direct the affairs of the system. (Source:...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.03
  Date of establishment. "Date of establishment": January 1, 1944. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.04
  Department. "Department": Any department, institution, board, commission, officer, court, or any agency of the State having power to certify payrolls to the State Comptroller authorizing...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.05
  Employee. (a) Any person employed by a Department who receives salary for personal services rendered to the Department on a warrant issued pursuant to a...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.06
  Member. "Member": Any employee included in the membership of the system; and any former employee who made contributions to the system and has not...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.07
  Annuitant. "Annuitant": A person receiving a retirement annuity under this Article. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.08
  Beneficiary. "Beneficiary": A person receiving an annuity or benefit under this Article other than a retirement annuity. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.09
  Service. "Service": Service as an employee of a Department, for which compensation is paid by the State. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.10
  Compensation. (a) For periods of service prior to January 1, 1978, the full rate of salary or wages payable to an employee for personal services...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.11
  Rate of Compensation. The actual rate upon which the compensation of an individual is calculated at any time as certified on a payroll. (Source:...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.12
  Final average compensation. (a) For retirement and survivor annuities, "final average compensation" means the monthly compensation obtained by dividing the total compensation of an employee...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.13
  Membership service. "Membership service": Service rendered while a member of the System for which credit is allowable under this Article, and for persons entering...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.14
  Prior service. "Prior service": Service rendered prior to January 1, 1944 for which credit is allowable under this Article. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.15
  Creditable service. "Creditable service": Membership service and the total service certified in prior or military service certificates, if any. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.16
  Military service. "Military service": Service in the United States Army, Navy, Air Force, Marines or Coast Guard or any women's auxiliary thereof for which...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.17
  Accumulated contributions. "Accumulated contributions": The sum contributed by a member including credits granted during disability. (Source: P.A. 81-1536.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.18
  Annuity. "Annuity": Annual payments for life, or as otherwise provided in this Article, payable in 12 equal monthly installments during the annuity payment period....
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.19
  Actuarial tables. "Actuarial tables": Tables of mathematical functions derived from mortality, disability and turn-over rates, combined with interest discount factors as adopted by the board...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.20
  Reversionary annuity. "Reversionary annuity": A deferred annuity computed according to the actuarial tables payable to a beneficiary who survives the specified annuitant. (Source: P.A.
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.21
  Actuarial reserves. "Actuarial reserves": An accumulation of funds in advance of benefit payments which will be sufficient with respect to each member and his...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.22
  Retirement. "Retirement": The acceptance of a retirement annuity. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.23
  Regular interest. "Regular interest": Interest at such rate determined from the actual experience of the system as may be prescribed by the board, compounded...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.24
  State. "State": The State of Illinois. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.25
  Actuarial equivalent. "Actuarial equivalent": An annuity or benefit of equal value to the contributions plus regular interest, annuity or other benefit, when computed upon...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.26
  Withdrawal. "Withdrawal": Severance of employment of a member as an employee of the State or of all Departments, by resignation, discharge, dismissal or layoff....
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.27
  Fiscal year. "Fiscal year": The period beginning on July 1 in any year and ending on June 30 of the next succeeding year. (Source:...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.28
  Masculine includes feminine. "Masculine includes feminine": The masculine pronoun includes the feminine pronoun. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.29
  The 1943 Act. "The 1943 Act": "An Act to provide for the creation, maintenance and administration of a retirement and benefit system for certain...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.30
  State Universities Retirement System. "State Universities Retirement System": The system defined in Article 15 of this Code, being a continuation of the University Retirement...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.31
  Teachers' Retirement System of the State of Illinois. "Teachers' Retirement System of the State of Illinois": The system defined in Article 16 of this...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.32
  Social Security Act. "Social Security Act": The Act of Congress approved August 14, 1935, Chapter 531, 49 Stat. 620, officially cited as the "Social...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.33
  Federal Insurance Contribution Act. "Federal Insurance Contributions Act" or "FICA" means Subchapters A, B and C of Chapter 21 of the federal Internal Revenue...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.34
  Social Security Enabling Act. "Social Security Enabling Act": Article 21 of the "Illinois Pension Code", approved March 18, 1963, and all amendments thereto. (Source:...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.35
  State Agency. "State Agency": The Social Security Unit of the State Employees' Retirement System of Illinois as defined in the Social Security Enabling Act,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.36
  Covered employee. "Covered employee": Any employee covered by coordination with the Federal Social Security Act as herein provided. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.37
  Coordination. "Coordination": A plan providing for a coordination of the benefits payable by the system and the contributions to be made by the member...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.38
  Noncovered employee. "Noncovered employee": A member, either in service or on an authorized leave of absence on October 31, 1968 who elected not to...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.39
  "Personal services": Beginning January 1, 1978, employment by the State of Illinois for which compensation is certified by a department to the State Comptroller...
• Illinois Pension Code. - 40 ILCS 5, Section 14-103.40
  Tier 1 member. "Tier 1 member": A member of this System who first became a member or participant before January 1, 2011 under any reciprocal...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104
  Service for which contributions permitted. Contributions provided for in this Section shall cover the period of service granted. Except as otherwise provided in this Section,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.1
  Any member who was an elected police magistrate or justice of the peace serving as a magistrate of the Circuit Court for the duration...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.2
  Any member who participated in a voluntary furlough plan or who was subject to a 4 day work week pursuant to negotiated agreements in...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.3
  Notwithstanding provisions contained in Section 14-103.10, any person who first becomes a member before the effective date of this amendatory Act of the 98th General...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.4
  For purposes of this Article, the term "award for back pay under a statute" means an award, determination or agreement granted or approved by...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.5
  A member who enters service on or after January 1, 1984, or after July 1, 1982 as an emergency or temporary employee, as defined...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.6
  Service transferred from Article 16. Service also includes the following: (a) Any period as a teacher employed by the Department of Corrections for which...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.7
  Payments and Rollovers. (a) The Board may adopt rules prescribing the manner of repaying refunds and purchasing any optional credits permitted under this Article....
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.8
  Grant of noncoordinated service credit. The entire period of service between June 30, 1969 and December 15, 1984 during which an employee was erroneously...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.9
  Credit for leave of absence. A member may establish creditable service under this Article for up to one year during which he or she...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.10
  Federal or out-of-state employment. A contributing employee may establish additional service credit for periods of full-time employment by the federal government or a unit...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.11
  Illinois Finance Authority. An employee may establish creditable service for periods prior to the date upon which the Illinois Finance Authority first becomes a...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.12
  Early termination incentives under the State Finance Act. Notwithstanding any other provision of this Article and notwithstanding that they may be payable from a personal...
• Illinois Pension Code. - 40 ILCS 5, Section 14-104.13
  Chicago Metropolitan Agency for Planning; employee election. (a) Within one year after the effective date of this Section, a person employed by the Chicago Metropolitan...
• Illinois Pension Code. - 40 ILCS 5, Section 14-105
  Service credit for which contributions are not required. (a) Each employee in service on December 31, 1943, or then on leave of absence not...
• Illinois Pension Code. - 40 ILCS 5, Section 14-105.1
  (a) Any active (and until February 1, 1993, any former) member of the General Assembly Retirement System may apply for transfer of his credits...
• Illinois Pension Code. - 40 ILCS 5, Section 14-105.2
  Validation of service credits. An active member of the General Assembly Retirement System or the Judges Retirement System having no service credits or creditable...
• Illinois Pension Code. - 40 ILCS 5, Section 14-105.3
  Any active member of the Judges Retirement System and, between January 1 and January 15, 1983, any deputy sheriff who is an active member...
• Illinois Pension Code. - 40 ILCS 5, Section 14-105.4
  (a) Persons otherwise required or eligible to participate in this System who elect to continue participation in the General Assembly System under Section 2-117.1...
• Illinois Pension Code. - 40 ILCS 5, Section 14-105.5
  Transfer of creditable service to Article 8, 9 or 13 Fund. (a) Any city officer as defined in Section 8-243.2 of this Code, any...
• Illinois Pension Code. - 40 ILCS 5, Section 14-105.6
  (a) Until July 1, 1990, any active or inactive member of the pension fund established under Article 7 of this Code who has been...
• Illinois Pension Code. - 40 ILCS 5, Section 14-105.7
  Transfer to Article 9 fund. (a) Until July 1, 2003, any active or inactive member of the System who has established creditable service under...
• Illinois Pension Code. - 40 ILCS 5, Section 14-106
  Membership service credit. (a) After January 1, 1944, all service of a member since he last became a member with respect to which contributions are...
• Illinois Pension Code. - 40 ILCS 5, Section 14-107
  Retirement annuity - service and age - conditions. (a) A member is entitled to a retirement annuity after having at least 8 years of creditable...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108
  Amount of retirement annuity. A member who has contributed to the System for at least 12 months shall be entitled to a prior service annuity...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108.2
  Any person employed by the Department of Corrections who is a member of the Teachers' Retirement System established under Article 16 of this Code...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108.2a
  Former Chicago public health employees. (a) This Section applies only to persons who were employed at any time during the period July 13 through...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108.2b
  Former Chicago Police Department Crime Laboratory Division employees. (a) For the purposes of this Section and Section 8-230.5: (1) "Takeover date" means the date...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108.2c
  Transfer of membership from TRS. A security employee of the Department of Human Services, as defined in Section 14-110, who is a member of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108.3
  Early retirement incentives. (a) To be eligible for the benefits provided in this Section, a person must: (1) be a member of this System who,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108.4
  State police early retirement incentives. (a) To be eligible for the benefits provided in this Section, a person must: (1) be a member of this...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108.5
  Alternative retirement cancellation payment. (a) To be eligible for the alternative retirement cancellation payment provided in this Section, a person must: (1) be a member...
• Illinois Pension Code. - 40 ILCS 5, Section 14-108.6
  Alternative retirement cancellation payment. (a) To be eligible for the alternative retirement cancellation payment provided in this Section, a person must: (1) be a member...
• Illinois Pension Code. - 40 ILCS 5, Section 14-109
  Minimum retirement annuity. (a) Beginning January 1, 1987, any person who is receiving a monthly retirement annuity under this Article which, after inclusion of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-110
  Alternative retirement annuity. (a) Any member who has withdrawn from service with not less than 20 years of eligible creditable service and has attained age...
• Illinois Pension Code. - 40 ILCS 5, Section 14-111
  Re-entry After retirement. (a) An annuitant who re-enters the service of a department and receives compensation on a regular payroll shall receive no payments...
• Illinois Pension Code. - 40 ILCS 5, Section 14-112
  Level Income Option. A covered employee who retires from service prior to the age of becoming eligible for old age insurance payments under the...
• Illinois Pension Code. - 40 ILCS 5, Section 14-113
  Reversionary annuity. A member entitled to a retirement annuity may elect, at the time of retirement, to receive a lesser amount of such allowance...
• Illinois Pension Code. - 40 ILCS 5, Section 14-114
  Automatic increase in retirement annuity. (a) This subsection (a) is subject to subsections (a-1) and (a-2) of this Section. Any person receiving a retirement annuity...
• Illinois Pension Code. - 40 ILCS 5, Section 14-115
  Supplemental annuity. (a) Each annuitant, who retired at age 55 or over and after the completion of at least 15 years of creditable service, whose...
• Illinois Pension Code. - 40 ILCS 5, Section 14-116
  Nonoccupational death benefit-death before retirement. (a) Upon death of a member before retirement from any cause other than illness contracted or injuries received in...
• Illinois Pension Code. - 40 ILCS 5, Section 14-117
  Nonoccupational death benefit-Death after retirement. Upon death of a retired member, unless a reversionary annuity, widow's annuity or survivors annuity is payable, a death...
• Illinois Pension Code. - 40 ILCS 5, Section 14-118
  Widow's annuity - Conditions for payment. A widow who exercises the right of election to receive an annuity pursuant to this Section is entitled...
• Illinois Pension Code. - 40 ILCS 5, Section 14-119
  Amount of widow's annuity. (a) The widow's annuity shall be 50% of the amount of retirement annuity payable to the member on the date of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-120
  Survivors annuities - Conditions for payments. A survivors annuity is established for all members of the System. Upon the death of any male person who...
• Illinois Pension Code. - 40 ILCS 5, Section 14-121
  Amount of survivors annuity. A survivors annuity beneficiary shall be entitled upon death of the member to a single sum payment of $1,000, payable pro...
• Illinois Pension Code. - 40 ILCS 5, Section 14-121.1
  Required distributions. (a) A person who would be eligible to receive a widow's or survivor's annuity under this Article but for the fact that...
• Illinois Pension Code. - 40 ILCS 5, Section 14-122
  Limitation on widow's and survivors annuity. (a) If a beneficiary also qualifies for a widow's annuity or survivors annuity under Articles 2, 15, 16,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-123
  Occupational disability benefits. A member who becomes incapacitated to perform the duties of his position as the proximate result of bodily injuries sustained or a...
• Illinois Pension Code. - 40 ILCS 5, Section 14-123.1
  Temporary disability benefit. (a) A member who has at least 18 months of creditable service and who becomes physically or mentally incapacitated to perform the...
• Illinois Pension Code. - 40 ILCS 5, Section 14-124
  Nonoccupational disability benefit. A member with at least 1 1/2 years of creditable service may be granted a nonoccupational disability benefit, if: (1) application...
• Illinois Pension Code. - 40 ILCS 5, Section 14-125
  Nonoccupational disability benefit - Amount of. The nonoccupational disability benefit shall be 50% of the member's final average compensation at the time disability occurred....
• Illinois Pension Code. - 40 ILCS 5, Section 14-125.1
  Automatic increase in disability benefit. Each disability benefit payable under Section 14-123 or 14-124 shall be increased by 7% of the original fixed amount...
• Illinois Pension Code. - 40 ILCS 5, Section 14-126
  Nonoccupational disability benefit-Rights on expiration-Retirement annuity option on re-entry. Any member having 15 or more years of creditable service, and having attained at least...
• Illinois Pension Code. - 40 ILCS 5, Section 14-127
  Credit during disability. During any period of disability for which nonoccupational, occupational or temporary disability benefits are paid, there shall be credited to the...
• Illinois Pension Code. - 40 ILCS 5, Section 14-128
  Occupational death benefit. An occupational death benefit is provided for a member of the System whose death, prior to retirement, is the proximate result of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-129
  Determination of compensability - Offset - Subrogation. Except as provided in Section 14-128 of this Act with respect to occupational death claims, and except as...
• Illinois Pension Code. - 40 ILCS 5, Section 14-130
  Refunds; rules. (a) Upon withdrawal a member is entitled to receive, upon written request, a refund of the member's contributions, including credits granted while in...
• Illinois Pension Code. - 40 ILCS 5, Section 14-131
  Contributions by State. (a) The State shall make contributions to the System by appropriations of amounts which, together with other employer contributions from trust, federal,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-132
  Obligations of State; funding guarantee. (a) The payment of the required department contributions, all allowances, annuities, benefits granted under this Article, and all expenses of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-132.2
  Payment into the General Obligation Retirement and Interest Fund. Notwithstanding any other law, on the first day of each month, or as soon thereafter as...
• Illinois Pension Code. - 40 ILCS 5, Section 14-133
  Contributions on behalf of members. (a) Except as provided in subsection (a-5), each participating employee shall make contributions to the System, based on the employee's...
• Illinois Pension Code. - 40 ILCS 5, Section 14-133.1
  Pickup of contributions. (a) Each department shall pick up the employee contributions required by Section 14-133 for all compensation earned after December 31, 1981,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-133.5
  Use of contributions for health care subsidies. The System shall not use any contribution received by the System under this Article to provide a subsidy...
• Illinois Pension Code. - 40 ILCS 5, Section 14-134
  Board created. The retirement system created by this Article shall be a trust, separate and distinct from all other entities. The responsibility for the operation...
• Illinois Pension Code. - 40 ILCS 5, Section 14-134.1
  Board-elected members-vacancies. The 2 elected trustees shall be elected, beginning in 1986 and every 5 years thereafter, for a term of 5 years beginning July...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135
  Board's powers and duties. The board shall have the powers and duties stated in the Sections which succeed this Section and precede Section 14-136,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.01
  To establish an office and system of records. To establish an office or offices for the meetings of the board and for the administrative...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.02
  To hold meetings. To hold regular meetings at least quarterly in each year and such special meetings as may be deemed necessary. All meetings...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.03
  To prescribe rules and administer system. To establish rules and regulations and formulate policy for proper operation of the system and the transaction of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.04
  To pass on annuities. To consider and pass on all applications for annuities, allowances and benefits, and have examinations made of persons receiving disability...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.05
  To adopt actuarial tables. To adopt all necessary actuarial tables to be used in the operation of the system as prepared by the actuary,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.06
  To have an audit and submit statements. To have the accounts of the system audited annually by a certified public accountant designated by the...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.07
  To accept gifts. To accept any gift, grant or bequest of any money or securities for the purposes designated by the grantor, made with...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.08
  To certify required State contributions. (a) To certify to the Governor and to each department, on or before November 15 of each year until November...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.09
  To obtain services. To obtain, pursuant to the "Personnel Code", approved July 18, 1955, as now or hereafter amended, an executive secretary, an actuary...
• Illinois Pension Code. - 40 ILCS 5, Section 14-135.10
  To subpoena witnesses. To compel witnesses to attend and testify before it upon any necessary matter concerning the System, and to allow reasonable fees...
• Illinois Pension Code. - 40 ILCS 5, Section 14-136
  Executive Secretary. The Executive Secretary shall be the executive officer in charge of the administration of the detailed affairs of the system. He shall:...
• Illinois Pension Code. - 40 ILCS 5, Section 14-137
  Treasurer. The Treasurer of the State of Illinois shall be, ex-officio, the treasurer of the system. He shall: (a) act as official custodian of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-138
  Actuary. The Actuary shall be the technical advisor of the board on matters regarding the operation of the system. The actuary shall: (a) for...
• Illinois Pension Code. - 40 ILCS 5, Section 14-139
  Legal counsel. The Attorney General of the State shall be the legal advisor to the board. (Source: P.A. 80-841.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-140
  Duties of a department. Each department in the preparation of payroll vouchers covering payments of salary and wages to members for employment, shall indicate,...
• Illinois Pension Code. - 40 ILCS 5, Section 14-141
  Duties of Director of Central Management Services. The Director of Central Management Services in considering all payroll vouchers which are required under "An Act...
• Illinois Pension Code. - 40 ILCS 5, Section 14-142
  Duties of Director of Central Management Services. The Director of Central Management Services in passing on payroll vouchers as required under the provisions of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-143
  Duties of State Comptroller. The State Comptroller shall draw warrants or prepare direct deposit transmittals upon the State Treasurer payable from the funds of...
• Illinois Pension Code. - 40 ILCS 5, Section 14-144
  Authorizations. Members shall, by virtue of the payment of the contributions required to be paid to this system, receive a vested interest in their...
• Illinois Pension Code. - 40 ILCS 5, Section 14-145
  Retirement systems reciprocal act. The Retirement Systems Reciprocal Act, Article 20 of this Code, as now or hereafter amended, is adopted and made a...
• Illinois Pension Code. - 40 ILCS 5, Section 14-146
  Undivided interests. The assets of the system shall be invested as one fund, and no particular person, group of persons or entity shall have...
• Illinois Pension Code. - 40 ILCS 5, Section 14-147
  Annuities, etc. - Exempt. Except as provided in this Article, all moneys in the fund created by this Article, and all securities and other...
• Illinois Pension Code. - 40 ILCS 5, Section 14-148
  Fraud. Any person who knowingly makes any false statement, or falsifies or permits to be falsified any record of this system, in any attempt...
• Illinois Pension Code. - 40 ILCS 5, Section 14-148.1
  Mistake in benefit. If the System mistakenly sets any benefit at an incorrect amount, it shall recalculate the benefit as soon as may be practicable...
• Illinois Pension Code. - 40 ILCS 5, Section 14-149
  Felony conviction. None of the benefits herein provided for shall be paid to any person who is convicted of any felony relating to or...
• Illinois Pension Code. - 40 ILCS 5, Section 14-150
  Administrative review. The provisions of the Administrative Review Law, and all amendments and modifications thereof, and the rules adopted pursuant thereto, shall apply to...
• Illinois Pension Code. - 40 ILCS 5, Section 14-151
  General provisions and savings clause. The provisions of Article 1 and Article 23 of this Code apply to this Article as though such provisions...
• Illinois Pension Code. - 40 ILCS 5, Section 14-152
  The amendments to Sections 14-123, 14-123.1 and 14-124 of this Article (relating to attainment of age 70) made by this amendatory Act of 1989...
• Illinois Pension Code. - 40 ILCS 5, Section 14-152.1
  Application and expiration of new benefit increases. (a) As used in this Section, "new benefit increase" means an increase in the amount of any benefit...
• Illinois Pension Code. - 40 ILCS 5, Section 14-152.2
  New benefit increases. The General Assembly finds and declares that the amendment to Section 14-104 made by this amendatory Act of the 95th General Assembly...
• Illinois Pension Code. - 40 ILCS 5, Section 14-153.3
  Termination of plan. Upon plan termination, a member's interest in the pension fund will be nonforfeitable. (Source: P.A. 98-1117, eff. 8-26-14.)
• Illinois Pension Code. - 40 ILCS 5, Section 14-155
  Defined contribution plan. (a) By July 1, 2015, the System shall prepare and implement a voluntary defined contribution plan for up to 5% of eligible...
• Illinois Pension Code. - 40 ILCS 5, Section 14-156
  Defined contribution plan; termination. If the defined contribution plan is terminated or becomes inoperative pursuant to law, then each participant in the plan shall automatically...

Last modified: February 18, 2015