Chapter 40, PENSIONS

(40 ILCS 5/13-709) (from Ch. 108 1/2, par. 13-709) Sec. 13-709. Duties of officers of the District. (a) In addition to those other requirements set forth in this Article, the proper officers of the Water Reclamation District shall, without cost to the Fund: (1) deduct all require…

(40 ILCS 5/13-710) (from Ch. 108 1/2, par. 13-710) Sec. 13-710. Age of employee. In any application for appointment to the service of the District, the age stated therein shall be conclusive evidence of the applicant's age for the purposes of this Article, but the Board may requi…

(40 ILCS 5/13-711) (from Ch. 108 1/2, par. 13-711) Sec. 13-711. Examination of Fund. The Board shall have an audit and a thorough examination of the affairs of the fund made annually by a certified public accountant. The Board shall submit the results of the examination to the Di…

(40 ILCS 5/13-801) (from Ch. 108 1/2, par. 13-801) Sec. 13-801. Transfer of credits to General Assembly Retirement System. (a) Payments. Any active member of the General Assembly Retirement System may apply for a transfer of credits and creditable service accumulated under this F…

(40 ILCS 5/13-802) (from Ch. 108 1/2, par. 13-802) Sec. 13-802. Transfer of creditable service to Article 8 or 9 funds. (a) Any city officer as defined in Section 8-243.2 of this Code, and any county officer elected by vote of the people who is a participant in the pension fund e…

(40 ILCS 5/13-803) (from Ch. 108 1/2, par. 13-803) Sec. 13-803. Moneys to be held on deposit. To make the payments authorized by this Article, the Board may keep and hold uninvested a sum not in excess of the amount required to make all annuity and disability benefit payments whi…

(40 ILCS 5/13-804) (from Ch. 108 1/2, par. 13-804) Sec. 13-804. Accounting. An adequate system of accounts and records shall be established which will give effect to all requirements of this Article. Individual employee accounts shall be maintained, to which shall be credited con…

(40 ILCS 5/13-805) (from Ch. 108 1/2, par. 13-805) Sec. 13-805. Annuities and benefits exempt. All annuities and benefits granted under this Article shall be exempt from attachment or garnishment process and shall not be seized, taken, subjected to, detained, or levied upon by vi…

(40 ILCS 5/13-806) (from Ch. 108 1/2, par. 13-806) Sec. 13-806. Fraud. Any person, member, trustee or employee of the Retirement Board who knowingly makes any false statement or falsifies or permits to be falsified any record in any attempt to defraud the Fund as a result of such…

(40 ILCS 5/13-807) (from Ch. 108 1/2, par. 13-807) Sec. 13-807. Felony conviction. None of the benefits provided 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 service as an employee. None of the bene…

(40 ILCS 5/13-808) (from Ch. 108 1/2, par. 13-808) Sec. 13-808. Retirement Systems Reciprocal Act. The "Retirement Systems Reciprocal Act", being Article 20 of this Code, as now enacted and hereafter amended, is hereby adopted and made a part of this Article; provided that where …

(40 ILCS 5/13-809) (from Ch. 108 1/2, par. 13-809) Sec. 13-809. 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 r…

(40 ILCS 5/13-810) (from Ch. 108 1/2, par. 13-810) Sec. 13-810. 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 hereof. (Source: P.A. 87-7…

(40 ILCS 5/14-101) (from Ch. 108 1/2, par. 14-101) Sec. 14-101. Creation of system. A retirement and benefit system is created to provide retirement annuities and other benefits for employees of the State of Illinois. The system shall be known as the "State Employees' Retirement …

(40 ILCS 5/14-102) (from Ch. 108 1/2, par. 14-102) Sec. 14-102. Purpose. The purpose of the system is to provide an orderly means whereby aged or disabled employees may be retired from active service, without prejudice or hardship, and to enable the employees to accumulate reserv…

(40 ILCS 5/14-103) (from Ch. 108 1/2, par. 14-103) Sec. 14-103. Terms defined. The terms used in this Article shall have the meanings ascribed to them in the Sections which succeed this Section and precede Section 14-104, except when the context otherwise requires. (Source: P.A. …

(40 ILCS 5/14-103.01) (from Ch. 108 1/2, par. 14-103.01) Sec. 14-103.01. Retirement system or system. "Retirement system" or "system": the State Employees' Retirement System of Illinois. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.02) (from Ch. 108 1/2, par. 14-103.02) Sec. 14-103.02. Board of trustees or board. "Board of trustees" or "board": the board created in this Article to direct the affairs of the system. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.03) (from Ch. 108 1/2, par. 14-103.03) Sec. 14-103.03. Date of establishment. "Date of establishment": January 1, 1944. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.04) (from Ch. 108 1/2, par. 14-103.04) Sec. 14-103.04. Department. "Department": Any department, institution, board, commission, officer, court, or any agency of the State having power to certify payrolls to the State Comptroller authorizing payments of salary o…

(40 ILCS 5/14-103.05) (from Ch. 108 1/2, par. 14-103.05) Sec. 14-103.05. Employee. (a) Any person employed by a Department who receives salary for personal services rendered to the Department on a warrant issued pursuant to a payroll voucher certified by a Department and drawn by…

(40 ILCS 5/14-103.06) (from Ch. 108 1/2, par. 14-103.06) Sec. 14-103.06. Member. "Member": Any employee included in the membership of the system; and any former employee who made contributions to the system and has not received a refund and who is not receiving a retirement annui…

(40 ILCS 5/14-103.07) (from Ch. 108 1/2, par. 14-103.07) Sec. 14-103.07. Annuitant. "Annuitant": A person receiving a retirement annuity under this Article. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.08) (from Ch. 108 1/2, par. 14-103.08) Sec. 14-103.08. Beneficiary. "Beneficiary": A person receiving an annuity or benefit under this Article other than a retirement annuity. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.09) (from Ch. 108 1/2, par. 14-103.09) Sec. 14-103.09. Service. "Service": Service as an employee of a Department, for which compensation is paid by the State. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.10) (from Ch. 108 1/2, par. 14-103.10) (Text of Section WITH the changes made by P.A. 98-599, which has been held unconstitutional) Sec. 14-103.10. Compensation. (a) For periods of service prior to January 1, 1978, the full rate of salary or wages payable to an …

(40 ILCS 5/14-103.11) (from Ch. 108 1/2, par. 14-103.11) Sec. 14-103.11. Rate of Compensation. The actual rate upon which the compensation of an individual is calculated at any time as certified on a payroll. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.12) (from Ch. 108 1/2, par. 14-103.12) Sec. 14-103.12. Final average compensation. (a) For retirement and survivor annuities, "final average compensation" means the monthly compensation obtained by dividing the total compensation of an employee during the period…

(40 ILCS 5/14-103.13) (from Ch. 108 1/2, par. 14-103.13) Sec. 14-103.13. Membership service. "Membership service": Service rendered while a member of the System for which credit is allowable under this Article, and for persons entering service on or after January 1, 1984, or afte…

(40 ILCS 5/14-103.14) (from Ch. 108 1/2, par. 14-103.14) Sec. 14-103.14. Prior service. "Prior service": Service rendered prior to January 1, 1944 for which credit is allowable under this Article. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.15) (from Ch. 108 1/2, par. 14-103.15) Sec. 14-103.15. Creditable service. "Creditable service": Membership service and the total service certified in prior or military service certificates, if any. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.16) (from Ch. 108 1/2, par. 14-103.16) Sec. 14-103.16. Military service. "Military service": Service in the United States Army, Navy, Air Force, Space Force, Marines or Coast Guard or any women's auxiliary thereof for which credit is allowed under this Article. …

(40 ILCS 5/14-103.17) (from Ch. 108 1/2, par. 14-103.17) Sec. 14-103.17. Accumulated contributions. "Accumulated contributions": The sum contributed by a member including credits granted during disability. (Source: P.A. 81-1536.)

(40 ILCS 5/14-103.18) (from Ch. 108 1/2, par. 14-103.18) Sec. 14-103.18. Annuity. "Annuity": Annual payments for life, or as otherwise provided in this Article, payable in 12 equal monthly installments during the annuity payment period. The first payment shall be made for the fir…

(40 ILCS 5/14-103.19) (from Ch. 108 1/2, par. 14-103.19) Sec. 14-103.19. Actuarial tables. "Actuarial tables": Tables of mathematical functions derived from mortality, disability and turn-over rates, combined with interest discount factors as adopted by the board on recommendatio…

(40 ILCS 5/14-103.20) (from Ch. 108 1/2, par. 14-103.20) Sec. 14-103.20. Reversionary annuity. "Reversionary annuity": A deferred annuity computed according to the actuarial tables payable to a beneficiary who survives the specified annuitant. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.21) (from Ch. 108 1/2, par. 14-103.21) Sec. 14-103.21. Actuarial reserves. "Actuarial reserves": An accumulation of funds in advance of benefit payments which will be sufficient with respect to each member and his beneficiaries, if any, to pay the prescribed ben…

(40 ILCS 5/14-103.22) (from Ch. 108 1/2, par. 14-103.22) Sec. 14-103.22. Retirement. "Retirement": The acceptance of a retirement annuity. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.23) (from Ch. 108 1/2, par. 14-103.23) Sec. 14-103.23. Regular interest. "Regular interest": Interest at such rate determined from the actual experience of the system as may be prescribed by the board, compounded annually. Credit for regular interest each fiscal…

(40 ILCS 5/14-103.24) (from Ch. 108 1/2, par. 14-103.24) Sec. 14-103.24. State. "State": The State of Illinois. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.25) (from Ch. 108 1/2, par. 14-103.25) Sec. 14-103.25. Actuarial equivalent. "Actuarial equivalent": An annuity or benefit of equal value to the contributions plus regular interest, annuity or other benefit, when computed upon the basis of the actuarial tables i…

(40 ILCS 5/14-103.26) (from Ch. 108 1/2, par. 14-103.26) Sec. 14-103.26. Withdrawal. "Withdrawal": Severance of employment of a member as an employee of the State or of all Departments, by resignation, discharge, dismissal or layoff. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.27) (from Ch. 108 1/2, par. 14-103.27) Sec. 14-103.27. Fiscal year. "Fiscal year": The period beginning on July 1 in any year and ending on June 30 of the next succeeding year. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.28) (from Ch. 108 1/2, par. 14-103.28) Sec. 14-103.28. Masculine includes feminine. "Masculine includes feminine": The masculine pronoun includes the feminine pronoun. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.29) (from Ch. 108 1/2, par. 14-103.29) Sec. 14-103.29. The 1943 Act. "The 1943 Act": "An Act to provide for the creation, maintenance and administration of a retirement and benefit system for certain officers and employees of the State of Illinois, their depende…

(40 ILCS 5/14-103.30) (from Ch. 108 1/2, par. 14-103.30) Sec. 14-103.30. State Universities Retirement System. "State Universities Retirement System": The system defined in Article 15 of this Code, being a continuation of the University Retirement System of Illinois. (Source: P.A…

(40 ILCS 5/14-103.31) (from Ch. 108 1/2, par. 14-103.31) Sec. 14-103.31. Teachers' Retirement System of the State of Illinois. "Teachers' Retirement System of the State of Illinois": The system defined in Article 16 of this Code. (Source: P.A. 80-841.)

(40 ILCS 5/14-103.32) (from Ch. 108 1/2, par. 14-103.32) Sec. 14-103.32. Social Security Act. "Social Security Act": The Act of Congress approved August 14, 1935, Chapter 531, 49 Stat. 620, officially cited as the "Social Security Act", as heretofore or hereafter amended. (Source…

(40 ILCS 5/14-103.33) (from Ch. 108 1/2, par. 14-103.33) Sec. 14-103.33. Federal Insurance Contribution Act. "Federal Insurance Contributions Act" or "FICA" means Subchapters A, B and C of Chapter 21 of the federal Internal Revenue Code of 1986, as such Code may from time to time…

(40 ILCS 5/14-103.34) (from Ch. 108 1/2, par. 14-103.34) Sec. 14-103.34. Social Security Enabling Act. "Social Security Enabling Act": Article 21 of the "Illinois Pension Code", approved March 18, 1963, and all amendments thereto. (Source: P.A. 80-841.)