Illinois Compiled Statutes 40 Pensions: Article 20 - Retirement Systems Reciprocal Act

• Illinois Pension Code. - 40 ILCS 5, Section 20-101
  Continuity and preservation of pension credits. There is established a plan for the continuity and preservation of pension credit, in accordance with the provisions...
• Illinois Pension Code. - 40 ILCS 5, Section 20-102
  Terms defined. The terms as used in this Article, shall have the meanings ascribed to them in Sections 20-103 to 20-113, inclusive, except when...
• Illinois Pension Code. - 40 ILCS 5, Section 20-103
  Effective date. "Effective date": July 1, 1955, or in the case of any retirement system becoming subject to the provisions of "The 1955 Act"...
• Illinois Pension Code. - 40 ILCS 5, Section 20-104
  Employee. "Employee": Any person in the service of an employer on or after the effective date, who has pension credit because of service previous...
• Illinois Pension Code. - 40 ILCS 5, Section 20-105
  Employer. "Employer": The State of Illinois, any agency or instrumentality thereof, or any governmental unit in the State. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 20-106
  Final average salary. (a) "Final average salary": The average (or other) salary which is considered by a participating system in determining the amount of the...
• Illinois Pension Code. - 40 ILCS 5, Section 20-107
  Governmental unit. "Governmental unit": The State of Illinois or any agency or instrumentality thereof, or any political subdivision or municipal corporation in the State,...
• Illinois Pension Code. - 40 ILCS 5, Section 20-108
  Participating system. "Participating system": Any retirement system to which "The 1955 Act" or this Article applies. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 20-109
  "Pension credit": Credit or equities acquired by an employee in the form of contributions, earnings or service as defined under the law governing each of...
• Illinois Pension Code. - 40 ILCS 5, Section 20-110
  Retirement annuity. "Retirement annuity": Any pension, retirement allowance, retirement annuity, disability pension, disability retirement allowance or disability retirement annuity, and an annuity payable on...
• Illinois Pension Code. - 40 ILCS 5, Section 20-111
  Retirement system. "Retirement system": Any retirement system or pension fund which has been created by statute and which is financed in whole or in...
• Illinois Pension Code. - 40 ILCS 5, Section 20-112
  Survivor's annuity. "Survivor's annuity": Payments by a system which are made to the widow or survivors of an employee or participant in the form...
• Illinois Pension Code. - 40 ILCS 5, Section 20-113
  The 1955 Act. "The 1955 Act": The "Retirement Systems Reciprocal Act" approved July 11, 1955, as amended. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 20-114
  Benefits covered by this article. The provisions of this Article shall be applicable and limited only to a retirement annuity and survivor's annuity, and...
• Illinois Pension Code. - 40 ILCS 5, Section 20-115
  Eligibility for a proportional annuity. Any person who has pension credit in 2 or more participating systems shall be entitled to a proportional retirement...
• Illinois Pension Code. - 40 ILCS 5, Section 20-116
  Minimum qualifying age - Deferred payments. If the minimum qualifying age in any of the participating systems is lower than the minimum qualifying age...
• Illinois Pension Code. - 40 ILCS 5, Section 20-117
  Vesting of pension credit - Combined pension credit under all participating systems. If the vesting of pension credit in any participating system for a...
• Illinois Pension Code. - 40 ILCS 5, Section 20-118
  Waiver of pension credits - Reinstatement. Any employee who shall have waived, by the acceptance of a refund, his pension credit in any participating...
• Illinois Pension Code. - 40 ILCS 5, Section 20-119
  Concurrent employment. Any employee who is concurrently employed by employers under 2 or more participating systems is entitled to establish pension credit in accordance...
• Illinois Pension Code. - 40 ILCS 5, Section 20-120
  Duplication of pension credits. In no event shall pension credit for the same service rendered by an employee be accredited in more than one...
• Illinois Pension Code. - 40 ILCS 5, Section 20-121
  Calculation of proportional retirement annuities. (a) Upon retirement of the employee, a proportional retirement annuity shall be computed by each participating system in which pension...
• Illinois Pension Code. - 40 ILCS 5, Section 20-123
  Survivor's annuity. The provisions governing a retirement annuity shall be applicable to a survivor's annuity. Appropriate credits shall be established for survivor's annuity purposes in...
• Illinois Pension Code. - 40 ILCS 5, Section 20-124
  Maximum benefits. (a) In no event shall the combined retirement or survivors annuities exceed the highest annuity which would have been payable by any participating...
• Illinois Pension Code. - 40 ILCS 5, Section 20-125
  Return to employment - suspension of benefits. If a retired employee returns to employment which is covered by a system from which he is receiving...
• Illinois Pension Code. - 40 ILCS 5, Section 20-126
  Responsibility of participating systems. Each participating system shall submit to the other participating systems, upon request, a report, properly certified, regarding the pension credits...
• Illinois Pension Code. - 40 ILCS 5, Section 20-127
  Responsibility of employee. It shall be the duty and responsibility of an employee having pension credit in any participating system to make available such...
• Illinois Pension Code. - 40 ILCS 5, Section 20-128
  Payment of benefits. Two or more participating systems may agree to have the combined benefits paid by one of the systems, in which case,...
• Illinois Pension Code. - 40 ILCS 5, Section 20-129
  Retirement systems covered by article. This Article shall apply only to those retirement systems which have accepted it, as specified in the respective divisions...
• Illinois Pension Code. - 40 ILCS 5, Section 20-130
  Conflict between this Article and the Articles governing the participating systems. If any of the provisions of this Article are inconsistent with the provisions...
• Illinois Pension Code. - 40 ILCS 5, Section 20-131
  Retirement Annuities and Survivors Annuities - Guarantees. (a) This amendatory Act of 1975 (P.A. 79-782) shall not be applied to deprive any person or...
• Illinois Pension Code. - 40 ILCS 5, Section 20-132
  Short title. This Article shall be known as the "Retirement Systems Reciprocal Act" and is a continuation of the "Retirement Systems Reciprocal Act", approved...
• Illinois Pension Code. - 40 ILCS 5, Section 20-133
  General provisions and savings clause. The provisions of Article 1 and Article 23 of this Code apply to this Article as though such provisions...

Last modified: February 18, 2015