Chapter 40, PENSIONS

(40 ILCS 5/12-118.1) (from Ch. 108 1/2, par. 12-118.1) Sec. 12-118.1. Employee annuitant. "Employee annuitant": An employee who has withdrawn from service and has been granted a service retirement annuity. (Source: Laws 1965, p. 1936.)

(40 ILCS 5/12-118.2) (from Ch. 108 1/2, par. 12-118.2) Sec. 12-118.2. Gender. The masculine gender whenever used in this Article includes the feminine gender and all annuities and other benefits applicable to male employees and their survivors, and the contributions to be made fo…

(40 ILCS 5/12-119) (from Ch. 108 1/2, par. 12-119) Sec. 12-119. Transferred employee. "Transferred employee": An employee who was transferred to the employment of a city by virtue of "An Act in relation to an exchange of certain functions, property and personnel among cities and …

(40 ILCS 5/12-120) (from Ch. 108 1/2, par. 12-120) Sec. 12-120. Employer. "Employer": Any board of park commissioners referred to in this Article and the retirement board defined in this Article. Effective January 1, 1959, "employer" shall also include any city to which is transf…

(40 ILCS 5/12-121) (from Ch. 108 1/2, par. 12-121) Sec. 12-121. Leave of absence. "Leave of absence": Absence from service for a temporary period on permission given by the employer upon written request of the employee. (Source: Laws 1963, p. 161.)

(40 ILCS 5/12-122) (from Ch. 108 1/2, par. 12-122) Sec. 12-122. Salary. "Salary": (a) The annual salary of any employee whose salary is on a yearly basis; (b) 12 times the amount of the salary per month of an employee whose salary is on a monthly basis; (c) 52 times the amount of…

(40 ILCS 5/12-123) (from Ch. 108 1/2, par. 12-123) Sec. 12-123. Age. "Age": Age at the latest birthday. In the computation of any retirement annuity, the actuarial factor shall be prorated for the number of days between the employee's last birthday and his age on the effective da…

(40 ILCS 5/12-123.1) (from Ch. 108 1/2, par. 12-123.1) Sec. 12-123.1. Surviving spouse. Surviving spouse: The spouse of an active employee on the date of the employee's death; the spouse of an inactive member on the date of separation from park service, unless the member has subs…

(40 ILCS 5/12-124) (from Ch. 108 1/2, par. 12-124) Sec. 12-124. Fixation of annuity; limitation on reversionary annuity. "Fixation of annuity": As applied to a service annuity or prior service annuity or a surviving spouse's annuity, the final determination of the annuity at the …

(40 ILCS 5/12-125) (from Ch. 108 1/2, par. 12-125) Sec. 12-125. Reversionary annuity. "Reversionary annuity": A deferred annuity computed according to the applicable actuarial table, based on employee and employer contributions for surviving spouse's service annuity and surviving…

(40 ILCS 5/12-125.1) (from Ch. 108 1/2, par. 12-125.1) Sec. 12-125.1. Optional reversionary annuity. "Optional reversionary annuity": A deferred annuity derived from part of the actuarial value of an employee's retirement annuity, computed according to the applicable actuarial ta…

(40 ILCS 5/12-126) (from Ch. 108 1/2, par. 12-126) Sec. 12-126. Actuarial equivalent. "Actuarial equivalent": An annuity or benefit of equal value to the accumulated contributions, annuity or other benefit, when computed upon the basis of the actuarial tables in use by the fund. …

(40 ILCS 5/12-127) (from Ch. 108 1/2, par. 12-127) Sec. 12-127. Computation of service. (a) If an employee during any leave of absence for 30 days or more without pay who is not receiving ordinary disability or duty disability benefits contributes the percentage of salary thereto…

(40 ILCS 5/12-127.1) (from Ch. 108 1/2, par. 12-127.1) Sec. 12-127.1. Transfer to General Assembly Retirement System. (a) Any active (and until April 1, 1993, any former) member of the General Assembly Retirement System may apply for transfer of his credits and creditable service…

(40 ILCS 5/12-127.5) (from Ch. 108 1/2, par. 12-127.5) Sec. 12-127.5. 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 pension fund established under Article 5 of this Code may apply for transfer …

(40 ILCS 5/12-128) (from Ch. 108 1/2, par. 12-128) Sec. 12-128. Annuities provided. A service annuity shall be provided for future entrants and present employees. A prior service annuity shall be provided for present employees. A widow's prior service annuity shall be provided fo…

(40 ILCS 5/12-130) (from Ch. 108 1/2, par. 12-130) Sec. 12-130. Retirement prior to age 60. An employee withdrawing prior to January 1, 1990 with at least 10 years of service and before attainment of age 55 shall be entitled at his option to a retirement annuity beginning at age …

(40 ILCS 5/12-131) (from Ch. 108 1/2, par. 12-131) Sec. 12-131. Retirement at age 60 or over. An employee, upon withdrawal upon or after age 60 with 4 or more years of service, shall be entitled to a retirement annuity. Such annuity for an employee who entered service prior to Ju…

(40 ILCS 5/12-132.1) (from Ch. 108 1/2, par. 12-132.1) Sec. 12-132.1. Employees still in service whose annuities were fixed at age 70 prior to July 1, 1988. For all employees who have not withdrawn from service or retired, whose annuities were fixed under prior law at age 70, pri…

(40 ILCS 5/12-133) (from Ch. 108 1/2, par. 12-133) Sec. 12-133. Fixed benefit retirement annuity. (a) Subject to the provisions of paragraph (b) of this Section, the retirement annuity for any employee who withdraws from service on or after January 1, 1983 and before January 1, 1…

(40 ILCS 5/12-133.1) (from Ch. 108 1/2, par. 12-133.1) Sec. 12-133.1. Annual increase in basic retirement annuity. (a) Any employee upon withdrawal from service on or after July 1, 1965, and retiring on a retirement annuity, shall be entitled to an annual increase in his basic re…

(40 ILCS 5/12-133.2) (from Ch. 108 1/2, par. 12-133.2) Sec. 12-133.2. Increases to employee annuitants. Employees who retired on service retirement annuity prior to July 1, 1965 who were at least 55 years of age at date of retirement and had at least 20 years of credited service,…

(40 ILCS 5/12-133.3) (from Ch. 108 1/2, par. 12-133.3) Sec. 12-133.3. Early retirement incentive. (a) To be eligible for the benefits provided in this Section, an employee must: (1) be a current contributor to the Fund who, on November 1, 1992, is (i) in active payroll status as …

(40 ILCS 5/12-133.4) Sec. 12-133.4. Early retirement incentives. (a) To be eligible for the benefits provided in this Section, a person must: (1) have been, on March 1, 1994, an employee (i) contributing to the Fund in active payroll status in a position of employment under this …

(40 ILCS 5/12-133.5) Sec. 12-133.5. Early retirement incentives. (a) To be eligible for the benefits provided in this Section, a person must: (1) have been, on July 1, 1998, an employee (i) contributing to the Fund in active payroll status in a position of employment under this A…

(40 ILCS 5/12-133.6) Sec. 12-133.6. Early retirement incentive. (a) To be eligible for the benefits provided in this Section, a person must: (1) have been, on November 1, 2003, an employee (i) contributing to the Fund in active payroll status in a position of employment under thi…

(40 ILCS 5/12-133.7) Sec. 12-133.7. Early retirement incentive for employees who have earned maximum pension benefits. A person who is eligible for the benefits provided under Section 12-133.6 and who, if he or she had retired on or before February 29, 2004, would have been entit…

(40 ILCS 5/12-134) (from Ch. 108 1/2, par. 12-134) Sec. 12-134. Maximum retirement annuity. Except as modified by the provisions of Sections 12-133.1 and 12-133.2, the maximum retirement annuity for any employee under the provisions of this Article shall be 70% of the highest ave…

(40 ILCS 5/12-135) (from Ch. 108 1/2, par. 12-135) Sec. 12-135. Widow's service annuity and widow's prior service annuity. (a) The widow of an employee who withdraws after at least 10 years of service and before attainment of age 60 shall be entitled to a widow's annuity beginnin…

(40 ILCS 5/12-135.1) (from Ch. 108 1/2, par. 12-135.1) Sec. 12-135.1. Minimum annuity to surviving spouse. Upon death of an employee or annuitant occurring on or after January 1, 1976, who has completed at least 20 years of service and has established accumulations for such annui…

(40 ILCS 5/12-135.2) (from Ch. 108 1/2, par. 12-135.2) Sec. 12-135.2. Increase in annuity to a surviving spouse. An annuity being paid to a surviving spouse on December 31, 1992, other than a temporary annuity, shall be increased by 10% effective January 1, 1993 and shall thereaf…

(40 ILCS 5/12-135.3) (from Ch. 108 1/2, par. 12-135.3) Sec. 12-135.3. Annual increases to surviving spouses. On January 1 of each year, every surviving spouse, other than a surviving spouse who is receiving a temporary annuity or who has received a surviving spouse annuity for le…

(40 ILCS 5/12-136) (from Ch. 108 1/2, par. 12-136) Sec. 12-136. Spouses not entitled to a surviving spouse's annuity. The following described spouses and former spouses of employees shall not have any right to a surviving spouse's annuity from the fund: (a) the spouse of an emplo…

(40 ILCS 5/12-136.1) (from Ch. 108 1/2, par. 12-136.1) Sec. 12-136.1. Optional reversionary annuity for surviving spouse. An employee may elect to take a lesser retirement annuity reduced by not more than 1/3 thereof and provide an optional reversionary annuity for a surviving sp…

(40 ILCS 5/12-136.2) (from Ch. 108 1/2, par. 12-136.2) Sec. 12-136.2. Annuities to survivors of female employees. All provisions of this Article relating to annuities or benefits to a widow, minor children or other survivors of a male employee shall apply with equal force to a su…

(40 ILCS 5/12-137) (from Ch. 108 1/2, par. 12-137) Sec. 12-137. Eligibility for child's benefit. A benefit shall be granted to any child of the employee under 18 years of age or any child under such age legally adopted by the employee whose death occurred under the following cond…

(40 ILCS 5/12-138) (from Ch. 108 1/2, par. 12-138) Sec. 12-138. Amount of child's benefit. A child's benefit effective upon death of an employee occurring on or after July 1, 1983 shall be $100 per month, if a parent survives; or $150 per month if no parent survives, or upon the …

(40 ILCS 5/12-139) (from Ch. 108 1/2, par. 12-139) Sec. 12-139. Death benefit. Effective July 1, 1955, a death benefit is provided for employees and annuitants, in addition to other annuities and benefits, payable upon death of the employee while (a) in actual salary status or wi…

(40 ILCS 5/12-140) (from Ch. 108 1/2, par. 12-140) Sec. 12-140. Duty disability benefit. An employee who becomes disabled as the direct result of injury incurred in the performance of an act of duty and cannot perform the duties of the regularly assigned position, is entitled to …

(40 ILCS 5/12-141) (from Ch. 108 1/2, par. 12-141) Sec. 12-141. Workers' compensation offset. If an employee or surviving spouse and minor children receive any compensation or payment for specific loss, disability or death under or by virtue of the Workers' Compensation Act or th…

(40 ILCS 5/12-142) (from Ch. 108 1/2, par. 12-142) Sec. 12-142. Ordinary disability benefit. Only employees in active status are entitled to ordinary disability. In order that payments may begin from the date of absence, without pay, on account of disability, an employee must fil…

(40 ILCS 5/12-143) (from Ch. 108 1/2, par. 12-143) Sec. 12-143. Amount of ordinary disability benefit. Any employee disabled as the result of any cause other than injury incurred in the performance of an act of duty, while in actual service or in salary status within a period of …

(40 ILCS 5/12-143.1) (from Ch. 108 1/2, par. 12-143.1) Sec. 12-143.1. Limitations on payment of ordinary or duty disability. (a) An employee who has withdrawn from service, has been on a leave of absence, is laid off or is out of pay status for any reason for more than 30 days, a…

(40 ILCS 5/12-144) (from Ch. 108 1/2, par. 12-144) Sec. 12-144. Medical examinations. An employee in receipt of any disability benefit shall undergo a medical examination periodically and in any event at least once each year by a physician designated by the board. Should the boar…

(40 ILCS 5/12-145) (from Ch. 108 1/2, par. 12-145) Sec. 12-145. Re-entry of former employee. (a) Any former employee who received a refund who re-enters service and remains in continuous service for a period of 2 years may have restored to him all service and accumulations for an…

(40 ILCS 5/12-146) (from Ch. 108 1/2, par. 12-146) Sec. 12-146. Re-entry of annuitant. When any person receiving an annuity shall re-enter service, the annuity previously granted to such person and any annuity fixed for his wife shall be cancelled. Such employee shall be credited…

(40 ILCS 5/12-147) (from Ch. 108 1/2, par. 12-147) Sec. 12-147. Refunds of employee contributions. (1) (a) Any employee who withdraws from service before age 60, with less than 10 years of service, shall be entitled to refund upon request. Any employee who withdraws from service …

(40 ILCS 5/12-148) (from Ch. 108 1/2, par. 12-148) Sec. 12-148. Credits of employer contributions. Refunds of accumulation from contributions of the employer for service annuity and widow's service annuity, and also for prior service annuity and widow's prior service annuity afte…

(40 ILCS 5/12-149) (from Ch. 108 1/2, par. 12-149) Sec. 12-149. Financing. (a) The board of park commissioners of any such park district shall annually levy a tax (in addition to the taxes now authorized by law) upon all taxable property embraced in the district, at the rate whic…

(40 ILCS 5/12-149.5) Sec. 12-149.5. Delinquent contributions; deduction from payments of State funds to the employer. If the employer fails to transmit to the Fund contributions required of it under this Article by December 31st of the year in which such contributions are due, th…