Illinois Compiled Statutes 40 Pensions: Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

• Illinois Pension Code. - 40 ILCS 5, Section 8-101
  Creation of fund. In each city of more than 500,000 inhabitants a Municipal Employees', Officers', and Officials' Annuity and Benefit Fund shall be created,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-102
  Terms defined. The terms used in this Article have the meanings ascribed to them in Sections 8-103 to 8-125, inclusive, except when the context...
• Illinois Pension Code. - 40 ILCS 5, Section 8-103
  Fund. "Fund": The Municipal Employees', Officers', and Officials' Annuity and Benefit Fund herein created. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 8-104
  The 1921 Act. "The 1921 Act": "An Act to provide for the creation, setting apart, maintenance and administration of a municipal employees', officers', and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-105
  Court and Law Department Employees' Annuity Act. "Court and Law Department Employees' Annuity Act": "An Act to provide for the creation, setting apart, maintenance...
• Illinois Pension Code. - 40 ILCS 5, Section 8-106
  Board of Election Commissioners Employees' Annuity Act. "Board of Election Commissioners Employees' Annuity Act": "An Act to provide for the creation, setting apart, maintenance...
• Illinois Pension Code. - 40 ILCS 5, Section 8-107
  Public School Employees' Pension Act of 1903. "Public School Employees' Pension Act of 1903": "An Act to provide for the formation and disbursement of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-107.1
  Public Library Employes' Pension Act. "Public Library Employes' Pension Act": "An Act to provide for the formation and disbursement of a public library employes'...
• Illinois Pension Code. - 40 ILCS 5, Section 8-107.2
  House of Correction Employees' Pension Act. "House of Correction Employees' Pension Act": "An Act to provide for the setting apart, formation and disbursement of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-108
  Exchange of Functions Act of 1957. "Exchange of Functions Act of 1957": "An Act in relation to an exchange of certain functions, property and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-109
  Civil Service Act. "Civil Service Act": "An Act to regulate the civil service of cities", approved March 20, 1895, as amended, superseded by the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-109.1
  "Municipal Personnel Ordinance": In the case of a city exercising constitutionally authorized home rule unit authority, an ordinance of any city in which this...
• Illinois Pension Code. - 40 ILCS 5, Section 8-110
  Employer. "Employer": (1) a city of more than 500,000 inhabitants; (2) the Board of Education of the city, with respect to any of its...
• Illinois Pension Code. - 40 ILCS 5, Section 8-111
  Effective date. "Effective date": January 1, 1922, for any city covered by The 1921 Act on the date this Article comes in effect; and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-112
  Retirement board or board. "Retirement board" or "board": The Retirement Board of the Municipal Employees', Officers', and Officials' Annuity and Benefit Fund created by...
• Illinois Pension Code. - 40 ILCS 5, Section 8-113
  Municipal employee, employee, contributor, or participant. "Municipal employee", "employee", "contributor", or "participant": (a) Any employee of an employer employed in the classified civil service...
• Illinois Pension Code. - 40 ILCS 5, Section 8-114
  Present employee. "Present employee": (a) Any employee of an employer, or the board, on the day before the effective date. (b) Any person who...
• Illinois Pension Code. - 40 ILCS 5, Section 8-115
  Future entrant. "Future entrant": (a) Any employee of an employer or of the board, employed for the first time on or after the effective...
• Illinois Pension Code. - 40 ILCS 5, Section 8-116
  Service, term of service, period of service, years of service. "Service", "term of service", "period of service", "years of service": Service as described in...
• Illinois Pension Code. - 40 ILCS 5, Section 8-117
  Salary. "Salary": Annual salary of an employee as follows: (a) Beginning on the effective date and prior to July 1, 1947, $3,000; and beginning...
• Illinois Pension Code. - 40 ILCS 5, Section 8-118
  Actual compensation. "Actual compensation": Beginning July 3, 1935, and prior to July 1, 1947, the actual sum without limitation and beginning July 1, 1947...
• Illinois Pension Code. - 40 ILCS 5, Section 8-119
  Disability. "Disability": A physical or mental incapacity as the result of which an employee is unable to perform the duties of his assigned position....
• Illinois Pension Code. - 40 ILCS 5, Section 8-120
  Child or children. "Child" or "children": The natural child or children, or any child or children legally adopted by an employee. (Source: P.A. 95-279, eff.
• Illinois Pension Code. - 40 ILCS 5, Section 8-121
  Withdrawal from service or withdrawal. "Withdrawal from service" or "withdrawal": Discharge or resignation of an employee. For the purpose of improving sums to the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-122
  Assets. "Assets": The total value of cash, securities and other property held. Bonds shall be valued at their amortized book values. (Source: Laws 1963,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-123
  Municipal pension fund. "Municipal pension fund": Any pension fund created and operated under "An Act to provide for the formation and disbursements of a...
• Illinois Pension Code. - 40 ILCS 5, Section 8-124
  Effective rate of interest, interest at the effective rate or interest. "Effective rate of interest", "interest at the effective rate" or "interest": Interest at...
• Illinois Pension Code. - 40 ILCS 5, Section 8-125
  Annuity. "Annuity": Equal monthly payments for life, unless otherwise specified. For annuities taking effect before January 1, 1998, the first payment shall be due...
• Illinois Pension Code. - 40 ILCS 5, Section 8-126
  Persons to whom article does not apply. (A) This Article does not apply to any of the following persons: (a) Any person employed in...
• Illinois Pension Code. - 40 ILCS 5, Section 8-126.1
  Gender. The masculine gender whenever used in this Article includes the feminine gender and all annuities and other benefits applicable to male employees and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-126.2
  Validation of Service. Every participant in the Fund on the effective date of this amendatory Act of 1979 shall be deemed to have been...
• Illinois Pension Code. - 40 ILCS 5, Section 8-126.3
  Age Discrimination. Notwithstanding any other provisions in this Article, it is the intention of the General Assembly to comply with the federal Age Discrimination...
• Illinois Pension Code. - 40 ILCS 5, Section 8-127
  Time of fixing annuities-Waiver. No annuity or disability benefit shall be fixed, granted or paid under this Article before the effective date. Any retired...
• Illinois Pension Code. - 40 ILCS 5, Section 8-128
  Prior service annuity-When due. A "Prior Service Annuity" shall be credited to present employees in accordance with the 1921 Act for service rendered prior...
• Illinois Pension Code. - 40 ILCS 5, Section 8-129
  Age and service annuity. An "Age and Service Annuity" shall be credited employees for service rendered after the effective date. (Source: Laws 1963, p.
• Illinois Pension Code. - 40 ILCS 5, Section 8-130
  Annuities - Present employees and future entrants attaining age 65 in service. (a) A present employee who attains age 65 or more in service...
• Illinois Pension Code. - 40 ILCS 5, Section 8-131
  Annuities-Present employees and future entrants-Withdrawal after age 60 and prior to 65. An employee who attains age 60 or more but less than age...
• Illinois Pension Code. - 40 ILCS 5, Section 8-132
  Annuities - Present employees and future entrants - Withdrawal after age 55 and prior to 60. An employee who attains age 55 or more...
• Illinois Pension Code. - 40 ILCS 5, Section 8-133
  Annuities - Present employees and future entrants - Withdrawal before age 55. An employee who withdraws after 10 years of service before age 55...
• Illinois Pension Code. - 40 ILCS 5, Section 8-134
  Annuities-Re-entry into service. Annuity in excess of that fixed in Sections 8-131, 8-132 or 8-133 shall not be granted to any employee described therein,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-135
  Service after time of fixing of annuity. Service rendered after the time of fixing an annuity shall not be considered for age and service...
• Illinois Pension Code. - 40 ILCS 5, Section 8-136
  Minimum annuities. A present employee who was a contributor to a municipal pension fund which has been merged into and become part of the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-136.1
  Minimum annuities for certain public library employees. An employee who was a contributor to and participant on December 31, 1965 in a Public Library...
• Illinois Pension Code. - 40 ILCS 5, Section 8-136.2
  Minimum annuities for certain house of correction employees and their widows. Any employee who was a contributor to and participant on December 31, 1968...
• Illinois Pension Code. - 40 ILCS 5, Section 8-137
  Automatic increase in annuity. (a) An employee who retired or retires from service after December 31, 1959 and before January 1, 1987, having attained age...
• Illinois Pension Code. - 40 ILCS 5, Section 8-137.1
  Automatic increases in annuity for certain heretofore retired participants. (a) A retired municipal employee who (i) is receiving annuity based on a service credit of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-138
  Minimum annuities - Additional provisions. (a) An employee who withdraws after age 65 or more with at least 20 years of service, for whom the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-138.1
  Early retirement incentive. (a) To be eligible for the benefits provided in this Section, an employee must: (1) be a current contributor to the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-138.2
  Early retirement for certain public health workers. (a) To be eligible for the benefits provided in this Section, an employee must: (1) be a...
• Illinois Pension Code. - 40 ILCS 5, Section 8-138.3
  Early retirement incentive. (a) To be eligible for the benefits provided in this Section, an employee must: (1) be a current contributor to the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-138.4
  Early retirement incentive. (a) To be eligible for the benefits provided in this Section, an employee must: (1) have been a contributor to the Fund...
• Illinois Pension Code. - 40 ILCS 5, Section 8-138.5
  Early retirement incentive for employees who have earned maximum pension benefits. (a) A person who is eligible for the benefits provided under Section 8-138.4 and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-139
  Reversionary annuity. (a) An employee, prior to retirement on annuity, may elect to take a lesser amount of annuity and provide, with the actuarial...
• Illinois Pension Code. - 40 ILCS 5, Section 8-140
  Widow's prior service annuity. A "Widow's Prior Service Annuity", shall be credited for the widow of a male present employee for service prior to...
• Illinois Pension Code. - 40 ILCS 5, Section 8-141
  Widow's annuity. A "Widow's Annuity" shall be credited for a widow of any male employee covering service after the effective date, payable from and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-142
  Widow's annuity-Present employee age 65 on effective date. The widow of a present employee who attains age 65 or more on or before the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-143
  Widow's annuity-Present employees and future entrants attaining age 65 in service. The widow of a present employee who attains age 65 while in service...
• Illinois Pension Code. - 40 ILCS 5, Section 8-144
  Widow's annuity-Present employees and future entrants-Death in service before 65. The widow of an employee whose death occurs in service before age 65 shall...
• Illinois Pension Code. - 40 ILCS 5, Section 8-145
  Widow's annuity-Present employees and future entrants-Withdrawal after age 60 but before 65. The widow of an employee who attains age 60 or more but...
• Illinois Pension Code. - 40 ILCS 5, Section 8-146
  Widow's annuity - Present employees and future entrants - Withdrawal after age 55 but before 60. The widow of an employee who, (1) attains...
• Illinois Pension Code. - 40 ILCS 5, Section 8-147
  Widow's annuity - Present employees and future entrants - Withdrawal before age 55. The widow of an employee who withdraws after 10 or more...
• Illinois Pension Code. - 40 ILCS 5, Section 8-148
  Widow's annuities - Present employees and future entrants - Withdrawal and death before age 55. The widow of an employee with 10 or more...
• Illinois Pension Code. - 40 ILCS 5, Section 8-149
  Widow's annuities-Re-entry of employee into service. No annuity in excess of that fixed in accordance with Sections 8-145, 8-146 and 8-147 shall be granted...
• Illinois Pension Code. - 40 ILCS 5, Section 8-150
  Employee's widow's annuities - No contributions or service credits after fixation. No contributions by the employee or by the city for an annuity for...
• Illinois Pension Code. - 40 ILCS 5, Section 8-150.1
  Minimum annuities for widows. The widow (otherwise eligible for widow's annuity under other Sections of this Article 8) of an employee hereinafter described, who retires...
• Illinois Pension Code. - 40 ILCS 5, Section 8-151
  Compensation annuity and supplemental annuity. When annuity otherwise provided in this Article for the widow of an employee whose death results solely from injury...
• Illinois Pension Code. - 40 ILCS 5, Section 8-152
  Widows or former wives not entitled to annuity. Except as provided in Section 8-152.1, the following widows or former wives of employees have no right...
• Illinois Pension Code. - 40 ILCS 5, Section 8-152.1
  Widow's annuity for widow married to member for at least 10 years. Notwithstanding Section 8-152 or any other provision of this Code to the contrary,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-153
  Widow's remarriage. A widow's annuity shall terminate when she remarries if the marriage takes place before the date 60 days after the effective date...
• Illinois Pension Code. - 40 ILCS 5, Section 8-153.1
  Annuities to survivors of female employees. All provisions of this Article relating to annuities or benefits to a widow, minor children or other survivors...
• Illinois Pension Code. - 40 ILCS 5, Section 8-154
  Maximum annuities. (1) The annuities to an employee and his widow are subject to the following limitations: (a) No age and service annuity, or...
• Illinois Pension Code. - 40 ILCS 5, Section 8-155
  Mortality tables and interest rates. (a) Any single life annuity fixed or granted to any employee who was a participant on or before January...
• Illinois Pension Code. - 40 ILCS 5, Section 8-156
  Computation of interest. For the computation of interest upon any sum contributed by an employee into any municipal pension fund or into this fund,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-157
  Term annuities-How computed. In any case in which an employee's credit for an annuity for himself is insufficient--at the time the annuity is fixed...
• Illinois Pension Code. - 40 ILCS 5, Section 8-158
  Child's annuity. A child's annuity is payable monthly after the death of an employee parent to the child until the child's attainment of age...
• Illinois Pension Code. - 40 ILCS 5, Section 8-159
  Amount of child's annuity. Beginning on the effective date of this amendatory Act of 1997, the amount of a child's annuity shall be $220...
• Illinois Pension Code. - 40 ILCS 5, Section 8-160
  Duty disability benefit - Child's disability benefit. An employee who becomes disabled after the effective date while under age 65 and prior to January...
• Illinois Pension Code. - 40 ILCS 5, Section 8-161
  Ordinary disability benefit. An employee while under age 65 and prior to January 1, 1979, or while under age 70 and after January 1,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-161.1
  Limitations on payment of duty and ordinary disability. (a) Disablement because of commonly termed heart attacks, or strokes, or any disablement falling within the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-162
  Proof of disability, duty and ordinary. Proof of duty or ordinary disability shall be furnished to the board by at least one licensed and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-163
  When disability benefit not payable. (a) If an employee receiving duty or ordinary disability benefit refuses to submit to examination by a physician appointed by...
• Illinois Pension Code. - 40 ILCS 5, Section 8-164
  Annuity after withdrawal while disabled. An employee whose disability continues after he has received ordinary disability benefit for the maximum period of time prescribed...
• Illinois Pension Code. - 40 ILCS 5, Section 8-164.1
  Payments to city. (a) For the purposes of this Section, "city annuitant" means a person receiving an age and service annuity, a widow's annuity, a...
• Illinois Pension Code. - 40 ILCS 5, Section 8-164.2
  Payments to board of education for group health benefits. (a) Should the Board of Education continue to sponsor a retiree health plan, the board is...
• Illinois Pension Code. - 40 ILCS 5, Section 8-165
  Re-entry into service. (a) When an employee receiving age and service or prior service annuity who has withdrawn from service after the effective date...
• Illinois Pension Code. - 40 ILCS 5, Section 8-166
  Re-entry into service-Prior employee. An employee who was not in the service of an employer on the day prior to the effective date, and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-167
  Restoration of rights. An employee who has withdrawn as a refund the amounts credited for annuity purposes, and who (i) re-enters service of the employer...
• Illinois Pension Code. - 40 ILCS 5, Section 8-168
  Refunds - Withdrawal before age 55 or age 62 or with less than 10 years of service. 1. An employee who first became a member...
• Illinois Pension Code. - 40 ILCS 5, Section 8-169
  Refund of widow's annuity deductions. When a male employee is (1) unmarried when he attains age 65, (2) married at age 65, and subsequently...
• Illinois Pension Code. - 40 ILCS 5, Section 8-169.1
  Refund of salary deductions to widow. If a male employee with less than 20 years of service dies while in the service after attaining...
• Illinois Pension Code. - 40 ILCS 5, Section 8-170
  Refunds - When paid to beneficiary, children or estate. Whenever the accumulations including interest credited thereon to the account of a deceased employee from...
• Illinois Pension Code. - 40 ILCS 5, Section 8-171
  Refund in lieu of annuity. In lieu of an annuity, an employee who withdraws and whose annuity would amount to less than $800 a...
• Illinois Pension Code. - 40 ILCS 5, Section 8-172
  Refunds - Transfer of city contributions. Whenever any amount is refunded as provided in Sections 8-168 and 8-169, except in the case of a male...
• Illinois Pension Code. - 40 ILCS 5, Section 8-172.1
  Transfer of city contributions for paramedics. (a) Municipality credits computed and credited under this Article 8 for all persons who (1) accumulated service credit in...
• Illinois Pension Code. - 40 ILCS 5, Section 8-173
  Financing; tax levy. (a) Except as provided in subsection (f) of this Section, the city council of the city shall levy a tax annually upon...
• Illinois Pension Code. - 40 ILCS 5, Section 8-173.1
  Funding obligation. (a) Beginning January 1, 2015, the city shall be obligated to contribute to the Fund in each fiscal year an amount not less...
• Illinois Pension Code. - 40 ILCS 5, Section 8-174
  Contributions for age and service annuities for present employees and future entrants. (a) Beginning on the effective date and prior to July 1, 1947, 3...
• Illinois Pension Code. - 40 ILCS 5, Section 8-174.1
  Employer contributions on behalf of employees. (a) The employer may make and may incur an obligation to make contributions on behalf of its employees in...
• Illinois Pension Code. - 40 ILCS 5, Section 8-174.2
  Use of contributions for health care subsidies. Except as may be required pursuant to Sections 8-164.1 and 8-164.2 of this Code, the Fund shall not...
• Illinois Pension Code. - 40 ILCS 5, Section 8-175
  Additional credits-Public school employees. The board shall ascertain the contributions of each employee who on June 30, 1923, was a contributor to any municipal...
• Illinois Pension Code. - 40 ILCS 5, Section 8-176
  Additional credits-To July 1, 1923. The board shall also ascertain the service rendered by each present employee who did not attain age 65 prior...
• Illinois Pension Code. - 40 ILCS 5, Section 8-177
  Additional credits-To July 1, 1935. The board shall also ascertain the service rendered by each employee who was employed by the board on June...
• Illinois Pension Code. - 40 ILCS 5, Section 8-178
  Credit-Employees in certain other superseded funds. Every employee who, on December 31, 1959, was a contributor to an annuity and benefit fund in the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-178.1
  Credit - Employees in superseded Public Library Employes' Pension Fund. Every employee who, on December 31, 1965, was a contributor and participant in the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-178.2
  Credit-Employees in superseded House of Correction Employees' Pension Fund. Every employee who, on December 31, 1968, was a contributor and participant in the fund...
• Illinois Pension Code. - 40 ILCS 5, Section 8-179
  Additional credit-Present employees. The board shall also ascertain the service rendered by each present employee who attained age 65 subsequent to the day before...
• Illinois Pension Code. - 40 ILCS 5, Section 8-180
  Additional contributions and credits-All employees. Any employee in service on July 1, 1947 may elect to make additional contributions while in service which shall...
• Illinois Pension Code. - 40 ILCS 5, Section 8-180.1
  Credit for service as counsel of the Chicago Welfare Administration. Any person who shall have rendered service before 1941 as special corporation counsel of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-180.2
  Any person who has at least 8 years of service credit in the Fund may establish service credit in the Fund for any period...
• Illinois Pension Code. - 40 ILCS 5, Section 8-181
  Interest credits-All employees. Amounts credited for age and service and prior service annuity shall be improved by interest at the effective rate during the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-182
  Contributions for widow's annuity for widows of present employees and future entrants. (a) Beginning on the effective date, 1%, and from and after January...
• Illinois Pension Code. - 40 ILCS 5, Section 8-182.1
  Contributions by female employees. (a) Effective as of October 1, 1974, each female employee shall contribute at the same rates as a male employee...
• Illinois Pension Code. - 40 ILCS 5, Section 8-183
  Additional credits - widow's annuities - public school employees. (a) Each married male present employee who on June 30, 1923, was a contributor to...
• Illinois Pension Code. - 40 ILCS 5, Section 8-184
  Additional credit-Widow's annuity-Retirement board employees. Each male employee who on June 30, 1935 was an employee of the board, shall be credited with 1...
• Illinois Pension Code. - 40 ILCS 5, Section 8-185
  Widow's annuity credit-All employees in certain other superseded funds. A male employee who, on December 31, 1959, was a contributor to an annuity and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-185.1
  Widow's annuity credit - Employees in superseded Public Library Employes' Fund. A male employee who, on December 31, 1965 was a contributor and participant...
• Illinois Pension Code. - 40 ILCS 5, Section 8-185.2
  Widow's annuity credit-Employees in superseded House of Correction Employee's Pension Fund. A male employee who, on December 31, 1968 was a contributor and participant...
• Illinois Pension Code. - 40 ILCS 5, Section 8-186
  Widow's annuity-Interest credits-All employees. Amounts credited for widow's annuity and for widow's prior service annuity shall be improved by interest at the effective rate...
• Illinois Pension Code. - 40 ILCS 5, Section 8-187
  Contributions by city for duty disability benefit. In lieu of all amounts ordinarily contributed by an employee and the city for age and service...
• Illinois Pension Code. - 40 ILCS 5, Section 8-188
  Contributions by city for ordinary disability benefit. The city shall contribute all amounts ordinarily contributed by it for annuity purposes for any employee receiving...
• Illinois Pension Code. - 40 ILCS 5, Section 8-189
  Contributions by city for prior service annuities and pensions under former acts, and for other purposes. The city shall contribute annually, from the sum...
• Illinois Pension Code. - 40 ILCS 5, Section 8-190
  Contribution by city for administration costs. The city shall contribute from revenue derived from taxes herein authorized, the amount necessary to defray costs of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-191
  Estimates of sums required for certain annuities and benefits. The board shall estimate the amounts required each year to pay for all annuities and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-192
  Board created. A board of 5 members shall constitute a Board of Trustees authorized to carry out the provisions of this Article. The board shall...
• Illinois Pension Code. - 40 ILCS 5, Section 8-193
  Board elections. In each year, the board shall conduct a regular election, under rules adopted by it, at least 30 days prior to the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-194
  Board vacancy. A vacancy in the membership of the board shall be filled as follows: If the vacancy is that of an ex-officio member,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-195
  Board officers. The board shall elect annually at its regular December meeting from among its members, by a majority vote of the members voting...
• Illinois Pension Code. - 40 ILCS 5, Section 8-196
  Board meetings. The board shall hold regular meetings in the months of March, June, September and December annually and special meetings as it deems...
• Illinois Pension Code. - 40 ILCS 5, Section 8-197
  Board powers and duties. The board shall have the powers and duties stated in Sections 8-198 to 8-209, inclusive, in addition to such other...
• Illinois Pension Code. - 40 ILCS 5, Section 8-198
  To supervise collections. To see that all amounts specified in this Article to be applied to the fund, from any source, are collected and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-199
  To notify of deductions. To notify the city comptroller and the Board of Education of the city and the chief clerk of the board...
• Illinois Pension Code. - 40 ILCS 5, Section 8-200
  To accept gifts. To accept by gift, grant, bequest or otherwise any money or property of any kind and use the same for the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-201
  To invest the reserves. To invest the reserves of the fund in accordance with Sections 1-109, 1-109.1, 1-109.2, 1-110, 1-111, 1-114, and 1-115 of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-201.1
  The Board may lend securities owned by the Fund to a borrower upon such terms and conditions as may be mutually agreed in writing....
• Illinois Pension Code. - 40 ILCS 5, Section 8-202
  To have an audit. To have an audit of the accounts of the fund made at least once each year by certified public accountants....
• Illinois Pension Code. - 40 ILCS 5, Section 8-203
  To authorize payments. To authorize or suspend the payment of any annuity or benefit in accordance with this Article. The board shall have exclusive...
• Illinois Pension Code. - 40 ILCS 5, Section 8-204
  To determine service credits. To require each employee to file a statement concerning service rendered the employer, the Retirement Board, and the Board of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-205
  To issue certificate of prior service. To issue a certificate showing the entire period of service rendered by a present employee prior to the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-206
  To submit an annual report. To submit a report in June of each year to the city council of the city as of the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-207
  To subpoena witnesses. To compel witnesses to attend and testify before it upon any matter concerning the fund and allow witness fees not in...
• Illinois Pension Code. - 40 ILCS 5, Section 8-208
  To appoint employees. To appoint such actuarial, medical, legal, clerical or other employees as are necessary and fix their compensation. The board shall develop...
• Illinois Pension Code. - 40 ILCS 5, Section 8-209
  To make rules. To make rules and regulations necessary for the administration of the fund. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 8-210
  Moneys to be held on deposit. To make the payments authorized by this Article, the board may keep and hold uninvested a sum not...
• Illinois Pension Code. - 40 ILCS 5, Section 8-211
  Accounting. An adequate system of accounts and records shall be established to give effect to the requirements of this Article, and shall be maintained...
• Illinois Pension Code. - 40 ILCS 5, Section 8-212
  Expense reserve. Amounts contributed by the city to defray the cost of administration of the fund shall be credited to this reserve. Expenses of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-213
  City contribution reserve. Amounts contributed by the city for age and service annuity, widow's annuity and supplemental annuity (except those in lieu of deductions...
• Illinois Pension Code. - 40 ILCS 5, Section 8-214
  Employee's contribution reserve. Amounts deducted from employee's salaries for age and service annuity and widow's annuity, or otherwise contributed by employees, amounts contributed by...
• Illinois Pension Code. - 40 ILCS 5, Section 8-215
  Annuity payment reserve. Amounts transferred from the city contribution reserve and the employee's contribution reserve for annuities which have been fixed, amounts deducted from...
• Illinois Pension Code. - 40 ILCS 5, Section 8-216
  Prior service annuity reserve. Amounts contributed by the city for prior service annuity, widow's prior service annuity and minimum annuities, shall be credited to...
• Illinois Pension Code. - 40 ILCS 5, Section 8-217
  Child's annuity reserve. Amounts contributed by the city for child's annuity shall be credited to this reserve and such annuities shall be charged to...
• Illinois Pension Code. - 40 ILCS 5, Section 8-218
  Duty disability reserve. Amounts contributed by the city for duty disability benefits and child's disability benefits, and amounts contributed by the city for compensation...
• Illinois Pension Code. - 40 ILCS 5, Section 8-219
  Ordinary disability reserve. Amounts contributed by the city for ordinary disability benefits shall be credited to this reserve and such benefits shall be charged...
• Illinois Pension Code. - 40 ILCS 5, Section 8-220
  Gift reserve. Money or property received by the board for any purpose, under other laws, or as gifts, grants, or bequests, or in any...
• Illinois Pension Code. - 40 ILCS 5, Section 8-221
  Investment and interest reserve. (1) Gains from investments and interest earnings shall be credited to this reserve. Losses from investments shall be charged to...
• Illinois Pension Code. - 40 ILCS 5, Section 8-222
  Deficiencies in reserves. If the balance in the expense reserve, the prior service annuity reserve, the child's annuity reserve, the duty disability reserve or...
• Illinois Pension Code. - 40 ILCS 5, Section 8-223
  Treasurer of fund. The city treasurer shall be ex-officio the treasurer and custodian of the fund and shall furnish to the board a bond...
• Illinois Pension Code. - 40 ILCS 5, Section 8-224
  Attorney. The chief legal officer of the city shall be the legal advisor of and attorney for the board. (Source: Laws 1963, p. 161.)
• Illinois Pension Code. - 40 ILCS 5, Section 8-225
  Computation of term of service, annual salary, salary deductions, and actual compensation. For the purpose of this Article, term of service, annual salary, salary...
• Illinois Pension Code. - 40 ILCS 5, Section 8-226
  Computation of service. In computing the term of service of an employee prior to the effective date, the entire period beginning on the date he...
• Illinois Pension Code. - 40 ILCS 5, Section 8-226.1
  (a) Any active member of the General Assembly Retirement System may apply for transfer of his credits and creditable service accumulated under this Fund...
• Illinois Pension Code. - 40 ILCS 5, Section 8-226.2
  Validation of service credits. An active member of the General Assembly having no service credits or creditable service in the Fund, may establish service...
• Illinois Pension Code. - 40 ILCS 5, Section 8-226.3
  (a) Persons otherwise required or eligible to participate in the Fund who elect to continue participation in the General Assembly System under Section 2-117.1...
• Illinois Pension Code. - 40 ILCS 5, Section 8-226.4
  Transfer of creditable service to Article 9 or 13 fund. (a) Any county officer elected by vote of the people (and until March 1,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-226.5
  Transfer of creditable service to Article 5 fund. Pursuant to Section 5-234 of this Code, a police officer who is a participant in a...
• Illinois Pension Code. - 40 ILCS 5, Section 8-226.6
  Transfer to Article 18 system. Any active member of the Judges Retirement System who is eligible to transfer service credit to that System from...
• Illinois Pension Code. - 40 ILCS 5, Section 8-226.7
  Transfer to Article 7. Until 6 months after the effective date of this amendatory Act of the 95th General Assembly, any member who is a...
• Illinois Pension Code. - 40 ILCS 5, Section 8-227
  Service as police officer, firefighter or teacher. (a) Service rendered by an employee as a police officer and member of the regularly constituted police...
• Illinois Pension Code. - 40 ILCS 5, Section 8-228
  Transfers within service. Whenever an employee is transferred or assigned from one position in the service of the employer to another position in such...
• Illinois Pension Code. - 40 ILCS 5, Section 8-229
  Salary of employees on leave of absence. The salary of an employee on leave of absence from a position held by certification and appointment...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230
  Right of employee to contribute for all periods of service. An employee may contribute to the fund for all periods of service (including periods...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.1
  Right of employees to contribute for certain other service. Any employee in the service, after having made contributions covering a period of 10 or...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.2
  Right of employees to contribute for service rendered to Land Clearance Commission. An employee may contribute to the fund for, and receive credit for,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.3
  Establishment and restoration of service credit. (a) Beginning on the effective date of this amendatory Act of 1991, an employee who is still in...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.4
  Certain Department of Public Health employees. (a) This Section applies only to persons who were employed at any time during the period July 13...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.5
  Former Chicago Police Department Crime Laboratory Division employees. (a) This Section applies only to persons who were employed at any time between June 30,...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.6
  Payments and rollovers. (a) The Board may adopt rules prescribing the manner of repaying refunds and purchasing any other credits permitted under this Article....
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.7
  Service rendered to Public Building Commission. (a) An employee or former employee of the Public Building Commission of the city who has established credit...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.9
  Service rendered to Chicago Housing Authority. (a) Within 60 days after beginning full-time employment with the Chicago Housing Authority (or within 60 days after...
• Illinois Pension Code. - 40 ILCS 5, Section 8-230.10
  Service rendered to IHDA. An employee with at least 10 years of creditable service in the Fund may establish service credit for up to...
• Illinois Pension Code. - 40 ILCS 5, Section 8-231
  Employee who becomes participant in another fund. Any participant in the fund who becomes a participant in any other annuity and benefit fund, annuity...
• Illinois Pension Code. - 40 ILCS 5, Section 8-232
  Basis of service credit. (a) In computing the period of service of any employee for the minimum annuity under Section 8-138, the following provisions...
• Illinois Pension Code. - 40 ILCS 5, Section 8-233
  Basis of annual salary. For the purpose of this Article, the annual salary of an employee whose salary or wage is appropriated, fixed, or arranged...
• Illinois Pension Code. - 40 ILCS 5, Section 8-234
  Basis of salary deduction. The total of salary deductions for employee contributions for annuity purposes to be considered for any 1 calendar year shall...
• Illinois Pension Code. - 40 ILCS 5, Section 8-235
  Basis of actual compensation. "Actual Compensation" of any employee whose actual compensation (as defined herein) is arranged upon other than a yearly basis shall...
• Illinois Pension Code. - 40 ILCS 5, Section 8-236
  Retirement Systems Reciprocal Act. The "Retirement Systems Reciprocal Act", being Article 20 of this Code as now enacted or hereafter amended, is hereby adopted...
• Illinois Pension Code. - 40 ILCS 5, Section 8-237
  Employees in territory annexed. Whenever territory is annexed to the city, any person then employed as a municipal employee in the annexed territory, who...
• Illinois Pension Code. - 40 ILCS 5, Section 8-238
  Municipal Pension Fund superseded. The fund herein provided for on the effective date shall supersede and take the place and have transferred to it...
• Illinois Pension Code. - 40 ILCS 5, Section 8-239
  School Employees' Pension Fund superseded. The fund herein provided for shall, on July 1, 1923, and thereafter, supersede and take the place of and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-240
  Certain funds superseded. On January 1, 1960 the fund herein provided for shall supersede the funds created by the Court and Law Department Employees'...
• Illinois Pension Code. - 40 ILCS 5, Section 8-240.1
  Public Library Employes' Pension Fund superseded. On January 1, 1966, the fund herein provided for shall supersede the fund created by the Public Library...
• Illinois Pension Code. - 40 ILCS 5, Section 8-240.2
  House of Correction Employees' Pension Fund superseded. On January 1, 1969, the fund herein provided for shall supersede the fund created by the House...
• Illinois Pension Code. - 40 ILCS 5, Section 8-241
  Board of Education employees' former service. Any employee or former employee of the Board of Education of the city, now included under the provisions...
• Illinois Pension Code. - 40 ILCS 5, Section 8-242
  Certain park district employees. The "Exchange of Functions Act of 1957", to the extent that it applies to the fund herein established is incorporated...
• Illinois Pension Code. - 40 ILCS 5, Section 8-243
  Service as alderman or member of city council. Whenever any person has served or hereafter serves as a duly elected alderman or member of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-243.1
  Elected city officer transfer of credits. Any city officer, as defined in Section 8-243.2, may transfer to this Fund credits and creditable service accumulated...
• Illinois Pension Code. - 40 ILCS 5, Section 8-243.2
  Alternative annuity for city officers. (a) For the purposes of this Section and Sections 8-243.1 and 8-243.3, "city officer" means the city clerk, the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-243.3
  Alternative survivor's benefits for survivors of city officers. In lieu of the survivor's benefits otherwise payable under this Article, the spouse or eligible child of...
• Illinois Pension Code. - 40 ILCS 5, Section 8-244
  Annuities, etc., exempt. (a) All annuities, refunds, pensions, and disability benefits granted under this Article, shall be exempt from attachment or garnishment process and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-244.1
  Payment of annuity other than direct. (a) The board, at the written direction and request of any annuitant, may, solely as an accommodation to...
• Illinois Pension Code. - 40 ILCS 5, Section 8-245
  Board members-No compensation. No member of the board shall receive any moneys from the fund as salary for service performed as such member. Any...
• Illinois Pension Code. - 40 ILCS 5, Section 8-246
  No commissions on investments. No member of the board, and no person officially connected with the board, as employee, legal advisor, custodian of the...
• Illinois Pension Code. - 40 ILCS 5, Section 8-247
  Duties of city officers. The proper officers of the city and of the Board of Education and of the retirement board, without cost to...
• Illinois Pension Code. - 40 ILCS 5, Section 8-248
  Age of employee. For any employee who has filed an application for appointment to the service of the city, the age stated therein shall...
• Illinois Pension Code. - 40 ILCS 5, Section 8-249
  Office facilities. Suitable rooms for office and meetings of the board shall be assigned by the mayor of the city. (Source: Laws 1963, p.
• Illinois Pension Code. - 40 ILCS 5, Section 8-250
  Compliance with article. All officers, officials, and employees of the city shall perform any and all acts required to carry out the intent and...
• Illinois Pension Code. - 40 ILCS 5, Section 8-251
  Felony conviction. None of the benefits provided for in this Article shall be paid to any person who is convicted of any felony relating...
• Illinois Pension Code. - 40 ILCS 5, Section 8-252
  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 8-253
  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