Chapter 40, PENSIONS

(40 ILCS 5/12-150) (from Ch. 108 1/2, par. 12-150) Sec. 12-150. Contributions by employees for service annuity. (a) From each payment of salary to a present employee beginning August 4, 1961, and prior to September 1, 1971, there shall be deducted as contributions for service ann…

(40 ILCS 5/12-150.1) (from Ch. 108 1/2, par. 12-150.1) Sec. 12-150.1. The employer may pick up the employee contributions required by Sections 12-150, 12-151, 12-151.1, 12-151.2 and 12-152 for salary earned after December 31, 1981. If employee contributions are not picked up, the…

(40 ILCS 5/12-151) (from Ch. 108 1/2, par. 12-151) Sec. 12-151. Contributions by employees for widow's service annuity. Beginning July 1, 1919, subject to the provisions of Section 12-184 for transferred employees, from each payment of salary to a male employee, there shall be de…

(40 ILCS 5/12-151.1) (from Ch. 108 1/2, par. 12-151.1) Sec. 12-151.1. Contributions by employees towards annual increase in retirement annuity. Beginning July 1, 1965, there shall be deducted 1/2 of 1% of salary in the case of each employee as his contribution for the annual incr…

(40 ILCS 5/12-151.2) (from Ch. 108 1/2, par. 12-151.2) Sec. 12-151.2. Contributions by female employees. (a) Effective as of October 1, 1974, each female employee shall contribute at the same rates as a male employee for widow's annuity or other benefits, to the end that like cre…

(40 ILCS 5/12-152) (from Ch. 108 1/2, par. 12-152) Sec. 12-152. Contributions by employer for service annuity and widow's service annuity. (a) In the case of any present employee or future entrant, and for an employee of the board, the employer shall contribute for service annuit…

(40 ILCS 5/12-153) (from Ch. 108 1/2, par. 12-153) Sec. 12-153. Contributions for death benefit. To defray the cost of the death benefit provided in Section 12-139, each employee in service shall make an additional contribution during the period prior to retirement, in the form o…

(40 ILCS 5/12-154) (from Ch. 108 1/2, par. 12-154) Sec. 12-154. Contributions by employer for ordinary disability benefit. The amount necessary to provide the ordinary disability benefit shall be paid by the employer. Effective January 1, 1959, in respect to employees of a park d…

(40 ILCS 5/12-155) (from Ch. 108 1/2, par. 12-155) Sec. 12-155. Contributions by employer while employee disabled. The employer of any employee who is receiving ordinary disability benefit or duty disability benefit shall contribute amounts ordinarily contributed by such employee…

(40 ILCS 5/12-155.1) (from Ch. 108 1/2, par. 12-155.1) Sec. 12-155.1. Contributions by employer towards annual increase in retirement annuity. The employer shall contribute for the annual increase in retirement annuity an amount representing the remainder required to finance such…

(40 ILCS 5/12-156) (from Ch. 108 1/2, par. 12-156) Sec. 12-156. Board created. A board composed of 7 members shall constitute a Board of Trustees authorized to carry out the provisions of this Article. Such Board of Trustees shall be known as the Retirement Board of the Park Empl…

(40 ILCS 5/12-157) (from Ch. 108 1/2, par. 12-157) Sec. 12-157. Board vacancy. If a vacancy shall occur in the membership of the board, due to death, resignation or other cause, said vacancy shall be filled by appointment. If the vacant membership be of appointive character, appo…

(40 ILCS 5/12-158) (from Ch. 108 1/2, par. 12-158) Sec. 12-158. Board officers. The board shall elect from its membership a president, a vice president and a secretary, all of whom shall serve without salary, except that the secretary, if not an employee as defined herein, may be…

(40 ILCS 5/12-159) (from Ch. 108 1/2, par. 12-159) Sec. 12-159. Board's powers and duties. The board shall have the powers and duties stated in Section 12-160 to 12-169, inclusive, in addition to the other powers and duties provided in this Article. (Source: Laws 1963, p. 161.)…

(40 ILCS 5/12-160) (from Ch. 108 1/2, par. 12-160) Sec. 12-160. To determine service credits. To determine the length of service of each present employee rendered prior to the date when he comes under the provisions of "The 1919 Act" or this Article, including all service rendere…

(40 ILCS 5/12-161) (from Ch. 108 1/2, par. 12-161) Sec. 12-161. To supervise contributions. To see that all employee contributions by way of salary deductions and contributions by each employer are made, and that all funds collected are deposited when collected with the custodian…

(40 ILCS 5/12-162) (from Ch. 108 1/2, par. 12-162) Sec. 12-162. To have exclusive original jurisdiction. To have exclusive original jurisdiction in all matters relating to or affecting the fund, including, in addition to all other matters, all claims for annuities, benefits or re…

(40 ILCS 5/12-162.5) Sec. 12-162.5. To subpoena witnesses and compel the production of records. To issue subpoenas to compel the attendance of witnesses to testify before it and to compel the production of documents and records upon any matter concerning the Fund, including, but …

(40 ILCS 5/12-163) (from Ch. 108 1/2, par. 12-163) Sec. 12-163. To see that duties of employer are performed. To see that all the other duties under this Article of each employer are being performed, and in the event that an employer fails to perform any duties imposed on said em…

(40 ILCS 5/12-164) (from Ch. 108 1/2, par. 12-164) Sec. 12-164. To appoint custodian. To appoint annually a custodian of the fund; and to deposit all moneys received or accruing to the fund with the custodian. (Source: Laws 1963, p. 161.)

(40 ILCS 5/12-165) (from Ch. 108 1/2, par. 12-165) Sec. 12-165. To manage fund. To have exclusive control and management of all moneys, securities and other property of said fund; and to defray the total cost of administration of this Article by means of the tax levy authority pr…

(40 ILCS 5/12-166) (from Ch. 108 1/2, par. 12-166) Sec. 12-166. To invest money. To invest and reinvest the moneys of the fund subject to the requirements and restrictions set forth in this Article and in Sections 1-109, 1-109.1, 1-109.2, 1-110, 1-111, 1-114, and 1-115. No invest…

(40 ILCS 5/12-166.1) (from Ch. 108 1/2, par. 12-166.1) Sec. 12-166.1. Participation in commingled investment funds-Transfer of investment functions and securities. (a) The retirement board may invest in any commingled investment fund or funds established and maintained by the Ill…

(40 ILCS 5/12-166.2) (from Ch. 108 1/2, par. 12-166.2) Sec. 12-166.2. To lend securities. The Board may lend securities owned by the Fund to a borrower upon such terms and conditions as may be mutually agreed in writing. The agreement shall provide that during the period of the l…

(40 ILCS 5/12-167) (from Ch. 108 1/2, par. 12-167) Sec. 12-167. To keep records, books and prepare reports. To keep a record of all its proceedings which shall be open to inspection by the public; to keep such books and records as are necessary for the transaction of its business…

(40 ILCS 5/12-168) (from Ch. 108 1/2, par. 12-168) Sec. 12-168. To have an audit. To have an annual audit of the books, records and reserves of the fund as of the last day of each fiscal year, by a certified public accountant. A copy of the report of such audit shall be filed wit…

(40 ILCS 5/12-169) (from Ch. 108 1/2, par. 12-169) Sec. 12-169. To appoint employees. To appoint such actuarial, legal, medical, clerical and other employees as may be necessary in the administration of the fund and fix their compensation. One or more actuaries shall be employed …

(40 ILCS 5/12-170) (from Ch. 108 1/2, par. 12-170) Sec. 12-170. Custodian of fund. All payments from the fund shall be made by the custodian of the fund only, and only upon warrant of or voucher signed by the president or vice-president of the board and countersigned by the secre…

(40 ILCS 5/12-171) (from Ch. 108 1/2, par. 12-171) Sec. 12-171. Money which may be held on deposit. The board may keep as an available sum for the purpose of making payments for annuities and other benefits, such an amount as shall be estimated by the board as being necessary to …

(40 ILCS 5/12-171.1) (from Ch. 108 1/2, par. 12-171.1) Sec. 12-171.1. Records. The board shall maintain adequate accounting records that reflect the financial condition of the fund, and such additional data as are necessary for required calculations, actuarial valuations, and ope…

(40 ILCS 5/12-177) (from Ch. 108 1/2, par. 12-177) Sec. 12-177. Employee accounts. The amounts contributed by employees for service annuity and spouse's service annuity shall be credited to this account; also all amounts contributed by the employer in lieu of deductions from sala…

(40 ILCS 5/12-183) (from Ch. 108 1/2, par. 12-183) Sec. 12-183. Annual actuarial valuation. An actuarial valuation shall be made annually of the liabilities and reserves for present and prospective annuities and benefits, and beginning January 1, 2013 a general investigation shal…

(40 ILCS 5/12-185) (from Ch. 108 1/2, par. 12-185) Sec. 12-185. Duties of employer. It shall be the duty of each employer hereunder to: (a) notify each person to whom this Article shall apply before employing him of his duties and obligations under this Article as a condition of …

(40 ILCS 5/12-186) (from Ch. 108 1/2, par. 12-186) Sec. 12-186. No commissions or compensation. No member of the board, nor any one connected with the board, shall have any interest, direct or indirect, in the gains or profits of any investment made by such board, nor as such, di…

(40 ILCS 5/12-187) (from Ch. 108 1/2, par. 12-187) Sec. 12-187. Condition of employment. Any person included as an employee as defined in this Article, or any person who shall hereafter be included as an employee, shall by such employment accept the provisions of this Article and…

(40 ILCS 5/12-188) (from Ch. 108 1/2, par. 12-188) Sec. 12-188. Employees under legal disabilities. In the event that an employee is adjudicated to be a person under legal disability by a court having jurisdiction to so determine and a guardian is appointed by a court having juri…

(40 ILCS 5/12-189) (from Ch. 108 1/2, par. 12-189) Sec. 12-189. Retirement Systems Reciprocal Act. The "Retirement Systems Reciprocal Act", being Article 20 of this Code, as now enacted or hereafter amended, is hereby adopted and made a part of this Article. Where there is a dire…

(40 ILCS 5/12-190) (from Ch. 108 1/2, par. 12-190) Sec. 12-190. Annuities etc. Exempt. (a) All pensions, annuities, refunds or disability benefits granted under this Article, and every portion thereof, are exempt from any State or municipal tax, and exempt from attachment or garn…

(40 ILCS 5/12-190.1) (from Ch. 108 1/5, par. 12-190.1) Sec. 12-190.1. Payment of an annuity other than direct. The board, at the written direction and request of any annuitant, may, solely as an accommodation to the annuitant, pay the amounts due the annuitant to a bank, savings …

(40 ILCS 5/12-190.2) (from Ch. 108 1/2, par. 12-190.2) Sec. 12-190.2. Overpayment; deduction. The amount of any overpayment, of any pension or benefit granted under this Article, due to fraud, misrepresentation or error, may be deducted from future payments or refunds made to the…

(40 ILCS 5/12-190.3) (from Ch. 108 1/2, par. 12-190.3) Sec. 12-190.3. Fraud. Any person who knowingly makes any false statement or falsifies or permits to be falsified any record of this Fund in any attempt to defraud the Fund is guilty of a Class A misdemeanor. None of the benef…

(40 ILCS 5/12-191) (from Ch. 108 1/2, par. 12-191) Sec. 12-191. Felony conviction. None of the benefits provided for in this Article shall be paid to any person who is convicted of any felony relating to or arising out of or in connection with his service as an employee. None of …

(40 ILCS 5/12-192) (from Ch. 108 1/2, par. 12-192) Sec. 12-192. Administrative review. The provisions of the Administrative Review Law, and all amendments and modifications thereof and the rules adopted pursuant thereto, shall apply to and govern all proceedings for the judicial …

(40 ILCS 5/12-193) (from Ch. 108 1/2, par. 12-193) Sec. 12-193. General provisions and savings clause. The provisions of Article 1 and Article 23 of this Code apply to this Article as though such provisions were fully set forth in this Article as a part thereof. (Source: Laws 196…

(40 ILCS 5/12-194) (from Ch. 108 1/2, par. 12-194) Sec. 12-194. Effective Date of Certain Provisions. The changes made by this amendatory Act of 1989 pertaining to the date of fixation of annuities and the period of time for which disability benefits are payable shall be effectiv…

(40 ILCS 5/12-195) Sec. 12-195. 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 provided under this Article, or an expansion of the conditions of eligibility for any benefit un…

(40 ILCS 5/13-101) (from Ch. 108 1/2, par. 13-101) Sec. 13-101. Creation of Fund. In each sanitary district organized under the Metropolitan Water Reclamation District Act, a Sanitary District Employees' and Trustees' Annuity and Benefit Fund shall be created, set apart, maintain…

(40 ILCS 5/13-102) (from Ch. 108 1/2, par. 13-102) Sec. 13-102. Amendatory Act of 1991. This amendatory Act of 1991 is intended to clarify and restate the provisions of this Article 13 and to make certain substantive changes. This amendatory Act shall not be applied to deprive an…

(40 ILCS 5/13-201) (from Ch. 108 1/2, par. 13-201) Sec. 13-201. Terms defined. The terms used in this Article shall have the meanings ascribed to them in this Part II, except when the context otherwise indicates. (Source: P.A. 87-794.)

(40 ILCS 5/13-202) (from Ch. 108 1/2, par. 13-202) Sec. 13-202. "Fund": The Metropolitan Water Reclamation District Retirement Fund, formerly known as the "Sanitary District Employees' and Trustees' Annuity and Benefit Fund" which was heretofore created for the benefit of the emp…