Chapter 40, PENSIONS

(40 ILCS 5/13-203) (from Ch. 108 1/2, par. 13-203) Sec. 13-203. "Employer": The Metropolitan Water Reclamation District of Greater Chicago, a unit of local government organized pursuant to the provisions of the Metropolitan Water Reclamation District Act, hereinafter sometimes re…

(40 ILCS 5/13-204) (from Ch. 108 1/2, par. 13-204) Sec. 13-204. "Employee": (a) Any employee of the Water Reclamation District appointed to the classified civil service under the Metropolitan Water Reclamation District Act or any employee exempt from civil service under that Act,…

(40 ILCS 5/13-205) (from Ch. 108 1/2, par. 13-205) Sec. 13-205. "Retirement Board" or "Board": The Board of Trustees of the Metropolitan Water Reclamation District Retirement Fund. (Source: P.A. 87-794.)

(40 ILCS 5/13-206) (from Ch. 108 1/2, par. 13-206) Sec. 13-206. "Service": Any employment for the District or the Board, excluding overtime or extra service for which an employee is entitled to receive salary. (Source: P.A. 87-794.)

(40 ILCS 5/13-207) (from Ch. 108 1/2, par. 13-207) Sec. 13-207. "Salary": The salary paid to an employee for service to the District or to the Board, including salary paid for vacation and sick leave and any amounts deferred under a deferred compensation plan established under th…

(40 ILCS 5/13-208) (from Ch. 108 1/2, par. 13-208) Sec. 13-208. "Average final salary": The highest average monthly salary as calculated by accumulating the salary for the highest 520 consecutive paid days of service within the last 10 years of service immediately preceding the d…

(40 ILCS 5/13-209) (from Ch. 108 1/2, par. 13-209) Sec. 13-209. "Disability": A physical or mental incapacity of an employee to perform assigned duties. (Source: P.A. 87-794.)

(40 ILCS 5/13-209.5) Sec. 13-209.5. Licensed health care professional. "Licensed health care professional" means any individual who has obtained a license through the Department of Financial and Professional Regulation under the Medical Practice Act of 1987 or under the Physician…

(40 ILCS 5/13-210) (from Ch. 108 1/2, par. 13-210) Sec. 13-210. "Withdraw" or "withdrawal": Discharge, termination or resignation of an employee. (Source: P.A. 87-794.)

(40 ILCS 5/13-211) (from Ch. 108 1/2, par. 13-211) Sec. 13-211. "Assets": The total value of cash, securities and other property held. Bonds shall be held at their amortized book values. Other investments shall be carried at book value in accordance with accounting procedures app…

(40 ILCS 5/13-212) (from Ch. 108 1/2, par. 13-212) Sec. 13-212. "Age": Age at last birthday preceding the date on which ascertainment of age is necessary to any computation under this Article. (Source: P.A. 87-794.)

(40 ILCS 5/13-213) (from Ch. 108 1/2, par. 13-213) Sec. 13-213. "Contributions": Any moneys paid or payable to the Fund by the District or by any employee, or any salary deduction hereunder. (Source: P.A. 92-53, eff. 7-12-01.)

(40 ILCS 5/13-214) (from Ch. 108 1/2, par. 13-214) Sec. 13-214. "Accumulated employee contributions": The amounts, including interest credited thereon, contributed by the employee for retirement and surviving spouse's annuity to the date of the employee's withdrawal or death. (So…

(40 ILCS 5/13-215) (from Ch. 108 1/2, par. 13-215) Sec. 13-215. "Retirement annuity": A benefit payable as an annuity for service as an employee. The annuity shall be payable in equal monthly installments for life, except as otherwise provided in this Article, beginning in the mo…

(40 ILCS 5/13-216) (from Ch. 108 1/2, par. 13-216) Sec. 13-216. "Surviving spouse's annuity": The amount payable as a surviving spouse annuity commencing on the date of the employee's or retiree's death. The annuity shall be payable in equal monthly installments for life, except …

(40 ILCS 5/13-301) (from Ch. 108 1/2, par. 13-301) Sec. 13-301. Retirement annuity; eligibility. Any employee who withdraws from service and meets the age and service requirements and other conditions set forth in subsections (a), (b), (c) or (d) hereof is entitled to receive a r…

(40 ILCS 5/13-302) (from Ch. 108 1/2, par. 13-302) Sec. 13-302. Computation of retirement annuity. (a) Computation of annuity. An employee who withdraws from service on or after July 1, 1989 and who has met the age and service requirements and other conditions for eligibility set…

(40 ILCS 5/13-303) (from Ch. 108 1/2, par. 13-303) Sec. 13-303. Reversionary annuity. (a) An employee, prior to retirement on annuity, may elect a lesser amount of annuity and provide, with the actuarial value of the amount by which his annuity is reduced, a reversionary annuity …

(40 ILCS 5/13-304) (from Ch. 108 1/2, par. 13-304) Sec. 13-304. Optional plan of additional benefits and contributions made through December 31, 2002. (a) While this plan is in effect, an eligible employee may establish additional optional credit for additional benefits by electi…

(40 ILCS 5/13-304.1) Sec. 13-304.1. Optional plan of additional benefits and contributions made January 1, 2003 through December 31, 2007. (a) While this plan is in effect, an employee may establish optional additional credit toward additional benefits for eligible service by mak…

(40 ILCS 5/13-305) (from Ch. 108 1/2, par. 13-305) Sec. 13-305. Surviving spouse's annuity; eligibility. A surviving spouse who was married to an employee on the date of the employee's death while in service, or was married to an employee on the date of withdrawal from service an…

(40 ILCS 5/13-306) (from Ch. 108 1/2, par. 13-306) Sec. 13-306. Computation of surviving spouse's annuity. (a) Computation of the annuity. The surviving spouse's annuity shall be equal to 60% of the retirement annuity earned and accrued to the credit of the deceased employee, whe…

(40 ILCS 5/13-307) (from Ch. 108 1/2, par. 13-307) Sec. 13-307. Term annuity. Whenever a retirement or surviving spouse annuity is less than $200 per month, it may be converted to a term annuity in the amount of $200 per month to be paid for such period as is determined in accord…

(40 ILCS 5/13-308) (from Ch. 108 1/2, par. 13-308) Sec. 13-308. Child's annuity. (a) Eligibility. A child's annuity shall be provided for each unmarried child under the age of 18 years (under the age of 23 years in the case of a full-time student) whose employee parent dies while…

(40 ILCS 5/13-309) (from Ch. 108 1/2, par. 13-309) Sec. 13-309. Duty disability benefit. (a) Any employee who becomes disabled, which disability is the result of an injury or illness compensable under the Illinois Workers' Compensation Act or the Illinois Workers' Occupational Di…

(40 ILCS 5/13-310) (from Ch. 108 1/2, par. 13-310) (Text of Section from P.A. 104-284) Sec. 13-310. Ordinary disability benefit. (a) Any employee who becomes disabled as the result of any cause other than injury or illness incurred in the performance of duty for the employer or a…

(40 ILCS 5/13-311) (from Ch. 108 1/2, par. 13-311) Sec. 13-311. Credit for Workers' Compensation payments. If an employee, or an employee's spouse or children, receives compensation under any workers' compensation or occupational diseases law, the benefit payable under this Artic…

(40 ILCS 5/13-312) (from Ch. 108 1/2, par. 13-312) Sec. 13-312. Subrogation. In those cases where injury or death for which any disability or other benefit because of death resulting from such injury is payable under this Article was caused under circumstances creating a legal li…

(40 ILCS 5/13-313) (from Ch. 108 1/2, par. 13-313) Sec. 13-313. Credit during disability. An employee shall receive credit during any period of duty disability and beginning September 1, 1969 during any period of ordinary disability for which benefits are paid of any amount repre…

(40 ILCS 5/13-314) (from Ch. 108 1/2, par. 13-314) Sec. 13-314. Alternative provisions for Water Reclamation District commissioners. (a) Transfer of credits. Any Water Reclamation District commissioner elected by vote of the people and who has elected to participate in this Fund …

(40 ILCS 5/13-315) (from Ch. 108 1/2, par. 13-315) Sec. 13-315. Waiver of annuity. Any competent employee annuitant or surviving spouse annuitant may execute a waiver of the right to receive any part of the total annuity. The waiver shall be effective when filed with the Board. A…

(40 ILCS 5/13-401) (from Ch. 108 1/2, par. 13-401) Sec. 13-401. Term of service. (a) In computing the term of service, the following periods of time shall be counted as periods of service for annuity purposes only: (1) the time during which the employee performs services required…

(40 ILCS 5/13-402) (from Ch. 108 1/2, par. 13-402) Sec. 13-402. Length of service. For the purpose of computing the length of service for the retirement annuity, surviving spouse's annuity, and child's annuity, and calculating the minimum service requirement for payment of milita…

(40 ILCS 5/13-403) (from Ch. 108 1/2, par. 13-403) Sec. 13-403. Military service. (a) Any employee who, after commencement of service with the Employer, enlisted, was inducted or was otherwise ordered to serve in the military forces of the United States pursuant to any law, shall…

(40 ILCS 5/13-501) (from Ch. 108 1/2, par. 13-501) Sec. 13-501. Contributions computed on actuarially funded basis. The obligations of the various annuities and benefits provided by this Article shall be financed by contributions by employees, contributions by the Water Reclamati…

(40 ILCS 5/13-502) (from Ch. 108 1/2, par. 13-502) Sec. 13-502. Employee contributions; deductions from salary. (a) Retirement annuity and child's annuity. Except as otherwise provided in this Section, there shall be deducted from each payment of salary an amount equal to 7% of s…

(40 ILCS 5/13-503) (from Ch. 108 1/2, par. 13-503) Sec. 13-503. Tax levy. Until fiscal year 2013, the Water Reclamation District shall annually levy a tax upon all the taxable real property within the District at a rate which, when extended, will produce a sum that (i) when added…

(40 ILCS 5/13-503.5) Sec. 13-503.5. 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…

(40 ILCS 5/13-504) (from Ch. 108 1/2, par. 13-504) Sec. 13-504. Mortality tables and interest rates. All reserves and liabilities for annuities under this Article shall be computed according to actuarial tables adopted by the Board. At least once every 5 years a valuation shall b…

(40 ILCS 5/13-601) (from Ch. 108 1/2, par. 13-601) Sec. 13-601. Refunds. (a) Withdrawal from service. Upon withdrawal from service, an employee who first became a member before January 1, 2011, who is under age 55 (age 50 if the employee first entered service before June 13, 1997…

(40 ILCS 5/13-602) (from Ch. 108 1/2, par. 13-602) Sec. 13-602. Re-entry. (a) Before retirement. An employee who withdraws and elects not to receive a refund and later returns to service shall receive credit for the service previously rendered for which contributions were made an…

(40 ILCS 5/13-603) (from Ch. 108 1/2, par. 13-603) Sec. 13-603. Restoration of rights. If an employee who has received a refund subsequently re-enters the service and renders one year of contributing service from the date of such re-entry, the employee shall be entitled to have r…

(40 ILCS 5/13-701) (from Ch. 108 1/2, par. 13-701) Sec. 13-701. Board created. A board of 7 members shall constitute the Board of Trustees authorized to carry out the provisions of this Article. The board shall be known as the Retirement Board of the Metropolitan Water Reclamatio…

(40 ILCS 5/13-702) (from Ch. 108 1/2, par. 13-702) Sec. 13-702. Board elections. Beginning on the effective date of this amendatory Act of the 95th General Assembly, in each year, the Board shall conduct a regular election, under rules adopted by it, at least 30 days prior to the…

(40 ILCS 5/13-703) (from Ch. 108 1/2, par. 13-703) Sec. 13-703. Board vacancy. A vacancy occurring in the membership of the Board shall be filled as follows: If the vacancy is of an appointive member, the President of the Water Reclamation District shall designate a person to ser…

(40 ILCS 5/13-704) (from Ch. 108 1/2, par. 13-704) Sec. 13-704. Board officers. The Board shall elect annually at its regular December meeting, from among its members by a majority vote of the members voting upon the question, a president, a vice president, and a secretary who sh…

(40 ILCS 5/13-705) (from Ch. 108 1/2, par. 13-705) Sec. 13-705. Board meetings. The Board shall hold regular meetings in each month, and special meetings as it deems necessary. A majority of the members shall constitute a quorum for the transaction of business at any meeting, but…

(40 ILCS 5/13-706) (from Ch. 108 1/2, par. 13-706) Sec. 13-706. Board powers and duties. The Board shall have the powers and duties set forth in this Section, in addition to such other powers and duties as may be provided in this Article and in this Code: (a) To supervise collect…

(40 ILCS 5/13-707) (from Ch. 108 1/2, par. 13-707) Sec. 13-707. No Compensation. A member of the Retirement Board shall not receive any moneys from the Fund, as salary for service performed as a member, consultant or employee of the Board but any member shall be entitled to reimb…

(40 ILCS 5/13-708) (from Ch. 108 1/2, par. 13-708) Sec. 13-708. No commissions on investments. No member of the Board, and no person officially connected with the Board, either as an employee or as a custodian of the Fund, shall receive any commissions on any investment made by t…