Illinois Compiled Statutes 40 Pensions: Article 18 - Judges Retirement System Of Illinois

• Illinois Pension Code. - 40 ILCS 5, Section 18-101
  Creation of fund. A retirement system is created to be known as the "Judges Retirement System of Illinois". It shall be a trust separate...
• Illinois Pension Code. - 40 ILCS 5, Section 18-102
  Purpose. The purpose of the system is to establish an efficient method of permitting retirement, without hardship or prejudice, of judges who are aged...
• Illinois Pension Code. - 40 ILCS 5, Section 18-103
  Terms defined. The terms used in this Article shall have the meanings ascribed to them in Sections 18-104 through 18-118, except when the context...
• Illinois Pension Code. - 40 ILCS 5, Section 18-104
  Effective date. "Effective date": July 1, 1941. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 18-105
  System. "System": The Judges Retirement System of Illinois. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 18-106
  Board. "Board": The Board of Trustees of the Judges Retirement System of Illinois. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 18-107
  Employer. "Employer": The State, and any county as authorized by law, certifying payments of salary for, or paying salary to, any judge of the...
• Illinois Pension Code. - 40 ILCS 5, Section 18-108
  Judge. "Judge": Any person who receives payment for personal services as a judge or associate judge of a court; and any person, previously a...
• Illinois Pension Code. - 40 ILCS 5, Section 18-109
  Eligible judge. "Eligible judge": Any judge except one who has elected not to participate in this system. (Source: P.A. 83-1440.)
• Illinois Pension Code. - 40 ILCS 5, Section 18-110
  Participant. "Participant": Any judge participating in this system as specified in Sections 18-120 and 18-121. (Source: P.A. 83-1440.)
• Illinois Pension Code. - 40 ILCS 5, Section 18-111
  Salary. "Salary": The total compensation paid for personal services as a judge, by the State, or by the State and a county as authorized...
• Illinois Pension Code. - 40 ILCS 5, Section 18-112
  Service. "Service": The period beginning on the day a person first became a judge, whether prior or subsequent to the effective date, and ending...
• Illinois Pension Code. - 40 ILCS 5, Section 18-112.1
  (a) An active member of the General Assembly Retirement System may apply for transfer of his or her credits and creditable service under this...
• Illinois Pension Code. - 40 ILCS 5, Section 18-112.2
  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 18-112.3
  (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 18-112.4
  Service credit for elected or appointed village official. An active participant in this System who has at least 6 years of service as a...
• Illinois Pension Code. - 40 ILCS 5, Section 18-112.5
  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 18-112.6
  Service credit for member of educational board. Until July 1, 1998, an active participant in this System who has at least 6 years of...
• Illinois Pension Code. - 40 ILCS 5, Section 18-113
  Annuity. "Annuity": A series of monthly payments payable at the end of each calendar month during the life of an annuitant or as otherwise...
• Illinois Pension Code. - 40 ILCS 5, Section 18-114
  Annuitant. "Annuitant": A person receiving a retirement annuity or survivor's annuity. (Source: P.A. 83-1440.)
• Illinois Pension Code. - 40 ILCS 5, Section 18-115
  Beneficiary. "Beneficiary": A surviving spouse or children eligible for an annuity; or, if no eligible surviving spouse or children survives, the person or persons designated...
• Illinois Pension Code. - 40 ILCS 5, Section 18-116
  Actuarial tables. "Actuarial tables": Such tabular listings of assumed rates of death, disability, retirement and withdrawal from service and mathematical functions derived from such rates...
• Illinois Pension Code. - 40 ILCS 5, Section 18-117
  Prescribed rate of interest. "Prescribed rate of interest": 4% per annum compounded annually, or such other rate prescribed by the board based on expected...
• Illinois Pension Code. - 40 ILCS 5, Section 18-118
  Fiscal year. "Fiscal year": The period beginning on July 1 and ending on June 30 of the succeeding year. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 18-119
  Employer participation. Each employer is subject to the provisions of this system beginning on the effective date or the date of subsequent qualification as...
• Illinois Pension Code. - 40 ILCS 5, Section 18-120
  Employee participation. An eligible judge who is not a participant shall become a participant beginning on the date he or she becomes an eligible...
• Illinois Pension Code. - 40 ILCS 5, Section 18-120.1
  Gender. The masculine gender whenever used in this Article includes the feminine gender unless manifestly inconsistent with the context. (Source: P.A. 83-1440.)
• Illinois Pension Code. - 40 ILCS 5, Section 18-121
  Recision of election not to participate. A judge who filed a notice of election not to participate shall become a participant upon filing with...
• Illinois Pension Code. - 40 ILCS 5, Section 18-122
  Participation; military service. Participation shall continue until the date a participant becomes an annuitant, dies, or accepts a refund. Participation shall not cease during...
• Illinois Pension Code. - 40 ILCS 5, Section 18-123
  Participation in survivor's annuity. A participant in active service as a judge after July 26, 1949, is eligible to participate in the survivor's annuity...
• Illinois Pension Code. - 40 ILCS 5, Section 18-123.2
  Annuities to survivors of male and female participants. All provisions of this Article relating to annuities and benefits to a surviving spouse, minor children...
• Illinois Pension Code. - 40 ILCS 5, Section 18-124
  Retirement annuities - conditions for eligibility. (a) This subsection (a) applies to a participant who first serves as a judge before the effective date of...
• Illinois Pension Code. - 40 ILCS 5, Section 18-125
  Retirement annuity amount. (a) The annual retirement annuity for a participant who terminated service as a judge prior to July 1, 1971 shall be based...
• Illinois Pension Code. - 40 ILCS 5, Section 18-125.1
  Automatic increase in retirement annuity. A participant who retires from service after June 30, 1969, shall, in January of the year next following the year...
• Illinois Pension Code. - 40 ILCS 5, Section 18-126
  Retirement annuity for permanent disability-determination of disability. A participant shall be considered permanently disabled only if (1) disability occurs while in employment as a...
• Illinois Pension Code. - 40 ILCS 5, Section 18-126.1
  Temporary total disability. A participant who has served for at least 2 years as a judge and has at least 2 years of service...
• Illinois Pension Code. - 40 ILCS 5, Section 18-127
  Retirement annuity - suspension on reemployment. (a) A participant receiving a retirement annuity who is regularly employed for compensation by an employer other than a...
• Illinois Pension Code. - 40 ILCS 5, Section 18-128
  Survivor's annuities; Conditions for payment. (a) A survivor's annuity shall be payable upon the death of a participant while in service after June 30, 1967...
• Illinois Pension Code. - 40 ILCS 5, Section 18-128.01
  Amount of survivor's annuity. (a) Upon the death of an annuitant, his or her surviving spouse shall be entitled to a survivor's annuity of 66...
• Illinois Pension Code. - 40 ILCS 5, Section 18-128.1
  Limitations. Payment of a widow's or survivor's annuity shall begin to accrue from the date on which salary or annuity payments to or on...
• Illinois Pension Code. - 40 ILCS 5, Section 18-128.2
  Reduction of disability and survivor's benefits for corresponding benefits payable under Workers' Compensation and Workers' Occupational Diseases Acts. Whenever a person is entitled to...
• Illinois Pension Code. - 40 ILCS 5, Section 18-128.3
  Required distributions. (a) A person who would be eligible to receive a survivor's annuity under this Article but for the fact that the person...
• Illinois Pension Code. - 40 ILCS 5, Section 18-129
  Refund of contributions; repayment. (a) A participant who ceases to be a judge may, upon application to the Board, receive a refund of his...
• Illinois Pension Code. - 40 ILCS 5, Section 18-131
  Financing; employer contributions. (a) The State of Illinois shall make contributions to this System by appropriations of the amounts which, together with the contributions of...
• Illinois Pension Code. - 40 ILCS 5, Section 18-132
  Obligations of State. The payment of (1) the required State contributions, (2) all benefits granted under this system and (3) all expenses in connection...
• Illinois Pension Code. - 40 ILCS 5, Section 18-133
  Financing; employee contributions. (a) Effective July 1, 1967, each participant is required to contribute 7 1/2% of each payment of salary toward the retirement annuity....
• Illinois Pension Code. - 40 ILCS 5, Section 18-133.1
  Pickup of contributions. (a) Each employer may pick up the participant contributions required under Section 18-133 for all salary earned after December 31, 1981....
• Illinois Pension Code. - 40 ILCS 5, Section 18-135
  Board created. This system shall be administered by a Board of Trustees, of 5 members as follows: the State Treasurer, the Chief Justice of...
• Illinois Pension Code. - 40 ILCS 5, Section 18-136
  Powers and duties of board. The board has the powers and duties stated in Sections 18-137 through 18-150, in addition to the other powers...
• Illinois Pension Code. - 40 ILCS 5, Section 18-137
  To hold meetings. To hold regular meetings at least quarterly in each year and special meetings at such times as it deems necessary. At...
• Illinois Pension Code. - 40 ILCS 5, Section 18-138
  To consider applications. To consider and pass on all applications for annuities and refunds, authorize the granting thereof and suspend any payment or payments,...
• Illinois Pension Code. - 40 ILCS 5, Section 18-139
  To certify interest rate and adopt actuarial tables. To certify the prescribed interest rate, and adopt the necessary actuarial tables in accordance with certifications...
• Illinois Pension Code. - 40 ILCS 5, Section 18-140
  To certify required State contributions and submit vouchers. (a) The Board shall certify to the Governor, on or before November 15 of each year until...
• Illinois Pension Code. - 40 ILCS 5, Section 18-142
  To request information. To request such information from any participating judge or from any officer, department head or other persons in authority, of any...
• Illinois Pension Code. - 40 ILCS 5, Section 18-143
  To provide examinations. To provide for the examination of persons receiving disability annuities prior to age 60, by one or more licensed and practicing...
• Illinois Pension Code. - 40 ILCS 5, Section 18-144
  To establish office. To establish an office or offices with suitable space for the board meetings and for the necessary administrative personnel. All books...
• Illinois Pension Code. - 40 ILCS 5, Section 18-145
  To employ staff. To appoint a secretary and employ such actuarial, medical, legal, clerical or other help as is required for the efficient administration...
• Illinois Pension Code. - 40 ILCS 5, Section 18-146
  To keep records. To keep a permanent record of all proceedings of the board, a separate account for each individual judge and such additional...
• Illinois Pension Code. - 40 ILCS 5, Section 18-147
  To have accounts audited and to submit statements. To have the accounts of the system audited at least biennially by a certified public accountant...
• Illinois Pension Code. - 40 ILCS 5, Section 18-148
  To accept gifts. To accept any gift, grant or bequest of any money or securities for the purpose designated by the grantor, if such...
• Illinois Pension Code. - 40 ILCS 5, Section 18-149
  To submit individual statements. To submit an individual statement to a participating judge upon his or her request, showing the accumulations to his or...
• Illinois Pension Code. - 40 ILCS 5, Section 18-150
  To make rules. To establish rules and regulations consistent with this Article and deemed necessary for the administration of the system, and to generally...
• Illinois Pension Code. - 40 ILCS 5, Section 18-151
  Duties of secretary. The secretary shall be in charge of the administration of the detailed affairs of the system and, in addition to such...
• Illinois Pension Code. - 40 ILCS 5, Section 18-152
  Duties of actuary. The actuary shall be the technical advisor of the Board and, in addition to supplying general information on technical matters, shall:...
• Illinois Pension Code. - 40 ILCS 5, Section 18-153
  Duties of Treasurer. The Treasurer of the State of Illinois shall be ex-officio the Treasurer of the System and shall: (1) act as official...
• Illinois Pension Code. - 40 ILCS 5, Section 18-154
  Duties of State Comptroller. The State Comptroller in drawing warrants for salary on payroll vouchers certified by an employer shall draw such warrants for...
• Illinois Pension Code. - 40 ILCS 5, Section 18-155
  Duties of employers. Each employer, in preparing payroll vouchers shall indicate, in addition to other things: (1) the amount of contributions specified to be...
• Illinois Pension Code. - 40 ILCS 5, Section 18-156
  Effect of participation. Each participating judge, by virtue of the payment of the employee contributions required to be paid to this system, has a...
• Illinois Pension Code. - 40 ILCS 5, Section 18-157
  Retirement Systems Reciprocal Act. The "Retirement Systems Reciprocal Act", being Article 20 of this Code, is adopted and made a part of this Article;...
• Illinois Pension Code. - 40 ILCS 5, Section 18-158
  No compensation. Trustees shall serve without compensation, but shall be reimbursed for any reasonable traveling expenses incurred in attending meetings of the board. (Source:...
• Illinois Pension Code. - 40 ILCS 5, Section 18-159
  No gain or profit on investments. No trustee or employee of the board shall have any direct interest in the income, gains or profits...
• Illinois Pension Code. - 40 ILCS 5, Section 18-160
  Undivided interests. The assets of the system shall be invested as one fund, and no person, group of persons, or entity shall have any...
• Illinois Pension Code. - 40 ILCS 5, Section 18-161
  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 18-162
  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 18-162.1
  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 18-163
  Felony conviction. None of the benefits herein provided shall be paid to any person who is convicted of any felony relating to or arising...
• Illinois Pension Code. - 40 ILCS 5, Section 18-164
  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 18-165
  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 18-168
  Savings clause. The repeal or amendment of any Section or provision of this Article by Public Act 83-1440 shall not affect or impair any...
• Illinois Pension Code. - 40 ILCS 5, Section 18-169
  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 18-170
  Termination of plan. Upon plan termination, a participant's interest in the pension fund will be nonforfeitable. (Source: P.A. 98-1117, eff. 8-26-14.)

Last modified: February 18, 2015