Chapter 40, PENSIONS

(40 ILCS 5/14-119) (from Ch. 108 1/2, par. 14-119) Sec. 14-119. Amount of widow's annuity. (a) The widow's annuity shall be 50% of the amount of retirement annuity payable to the member on the date of death while on retirement if an annuitant, or on the date of his death while in…

(40 ILCS 5/14-120) (from Ch. 108 1/2, par. 14-120) Sec. 14-120. Survivors annuities - Conditions for payments. A survivors annuity is established for all members of the System. Upon the death of any male person who was a member on July 19, 1961, however, his widow may have the op…

(40 ILCS 5/14-121) (from Ch. 108 1/2, par. 14-121) Sec. 14-121. Amount of survivors annuity. A survivors annuity beneficiary shall be entitled upon death of the member to a single sum payment of $1,000, payable pro rata among all persons entitled thereto, together with a survivor…

(40 ILCS 5/14-121.1) (from Ch. 108 1/2, par. 14-121.1) Sec. 14-121.1. Required distributions. (a) A person who would be eligible to receive a widow's or survivor's annuity under this Article but for the fact that the person has not yet attained age 50, shall be eligible for a mon…

(40 ILCS 5/14-122) (from Ch. 108 1/2, par. 14-122) Sec. 14-122. Limitation on widow's and survivors annuity. (a) If a beneficiary also qualifies for a widow's annuity or survivors annuity under Articles 2, 15, 16, 17 or 18 of this Code, and the combined annuities payable thereund…

(40 ILCS 5/14-123) (from Ch. 108 1/2, par. 14-123) Sec. 14-123. Occupational disability benefits. A member who becomes incapacitated to perform the duties of his position as the proximate result of bodily injuries sustained or a hazard undergone while in the performance and withi…

(40 ILCS 5/14-123.1) (from Ch. 108 1/2, par. 14-123.1) Sec. 14-123.1. Temporary disability benefit. (a) A member who has at least 18 months of creditable service and who becomes physically or mentally incapacitated to perform the duties of his position shall receive a temporary d…

(40 ILCS 5/14-124) (from Ch. 108 1/2, par. 14-124) Sec. 14-124. Nonoccupational disability benefit. A member with at least 1 1/2 years of creditable service may be granted a nonoccupational disability benefit, if: (1) application for the benefit is made to the system by the membe…

(40 ILCS 5/14-124.5) Sec. 14-124.5. Reports submitted to the System by licensed health care professionals. A licensed health care professional must submit his or her registration number on all reports submitted to the System. (Source: P.A. 101-54, eff. 7-12-19.)

(40 ILCS 5/14-125) (from Ch. 108 1/2, par. 14-125) Sec. 14-125. Nonoccupational disability benefit; amount of. The nonoccupational disability benefit shall be 50% of the member's final average compensation at the time disability occurred. In the case of a member whose benefit was…

(40 ILCS 5/14-125.1) (from Ch. 108 1/2, par. 14-125.1) Sec. 14-125.1. Automatic increase in disability benefit. Each disability benefit payable under Section 14-123 or 14-124 shall be increased by 7% of the original fixed amount of such benefit on January 1, 1986 or January 1 fol…

(40 ILCS 5/14-126) (from Ch. 108 1/2, par. 14-126) Sec. 14-126. Nonoccupational disability benefit-Rights on expiration-Retirement annuity option on re-entry. Any member having 15 or more years of creditable service, and having attained at least age 55, or having 20 or more years…

(40 ILCS 5/14-126.5) Sec. 14-126.5. Retirement annuity option for termination of ordinary disability benefit. A member who is subject to the provisions of Section 1-160 whose disability continues but whose disability benefit is either terminated due to attaining age 65 or termina…

(40 ILCS 5/14-127) (from Ch. 108 1/2, par. 14-127) Sec. 14-127. Credit during disability. During any period of disability for which nonoccupational, occupational or temporary disability benefits are paid, there shall be credited to the account of the disabled member amounts repre…

(40 ILCS 5/14-128) (from Ch. 108 1/2, par. 14-128) Sec. 14-128. Occupational death benefit. An occupational death benefit is provided for a member of the System whose death, prior to retirement, is the proximate result of bodily injuries sustained or a hazard undergone while in t…

(40 ILCS 5/14-129) (from Ch. 108 1/2, par. 14-129) Sec. 14-129. Determination of compensability - Offset - Subrogation. Except as provided in Section 14-128 of this Act with respect to occupational death claims, and except as provided in Section 14-123.1 for temporary disability …

(40 ILCS 5/14-130) (from Ch. 108 1/2, par. 14-130) Sec. 14-130. Refunds; rules. (a) Upon withdrawal a member is entitled to receive, upon written request, a refund of the member's contributions, including credits granted while in receipt of disability benefits, without credited i…

(40 ILCS 5/14-131) Sec. 14-131. Contributions by State. (a) The State shall make contributions to the System by appropriations of amounts which, together with other employer contributions from trust, federal, and other funds, employee contributions, investment income, and other i…

(40 ILCS 5/14-132) (from Ch. 108 1/2, par. 14-132) (Text of Section WITH the changes made by P.A. 98-599, which has been held unconstitutional) Sec. 14-132. Obligations of State; funding guarantee. (a) The payment of the required department contributions, all allowances, annuitie…

(40 ILCS 5/14-132.2) Sec. 14-132.2. Payment into the General Obligation Retirement and Interest Fund. Notwithstanding any other law, on the first day of each month, or as soon thereafter as practical, the System shall pay over to the State for deposit into the General Obligation …

(40 ILCS 5/14-133) (from Ch. 108 1/2, par. 14-133) (Text of Section WITH the changes made by P.A. 98-599, which has been held unconstitutional) Sec. 14-133. Contributions on behalf of members. (a) Except as provided in subsection (a-5), each participating employee shall make cont…

(40 ILCS 5/14-133.1) (from Ch. 108 1/2, par. 14-133.1) Sec. 14-133.1. Pickup of contributions. (a) Each department shall pick up the employee contributions required by Section 14-133 for all compensation earned after December 31, 1981, and the contributions so picked up shall be …

(40 ILCS 5/14-133.5) (This Section was added by P.A. 98-599, which has been held unconstitutional) Sec. 14-133.5. Use of contributions for health care subsidies. The System shall not use any contribution received by the System under this Article to provide a subsidy for the cost …

(40 ILCS 5/14-134) (from Ch. 108 1/2, par. 14-134) Sec. 14-134. Board created. The retirement system created by this Article shall be a trust, separate and distinct from all other entities. The responsibility for the operation of the system and for making effective this Article i…

(40 ILCS 5/14-134.1) (from Ch. 108 1/2, par. 14-134.1) Sec. 14-134.1. Board-elected members-vacancies. The 2 elected trustees shall be elected, beginning in 1986 and every 5 years thereafter, for a term of 5 years beginning July 15 next following their election. The trustees to b…

(40 ILCS 5/14-135) (from Ch. 108 1/2, par. 14-135) Sec. 14-135. Board's powers and duties. The board shall have the powers and duties stated in the Sections which succeed this Section and precede Section 14-136, in addition to the other powers and duties provided in this Article.…

(40 ILCS 5/14-135.01) (from Ch. 108 1/2, par. 14-135.01) Sec. 14-135.01. To establish an office and system of records. To establish an office or offices for the meetings of the board and for the administrative personnel; to provide for the installation of a complete and adequate …

(40 ILCS 5/14-135.02) (from Ch. 108 1/2, par. 14-135.02) Sec. 14-135.02. To hold meetings. To hold regular meetings at least quarterly in each year and such special meetings as may be deemed necessary. All meetings shall be open to the public. The board shall keep a record of all…

(40 ILCS 5/14-135.03) (from Ch. 108 1/2, par. 14-135.03) Sec. 14-135.03. To prescribe rules and administer system. To establish rules and regulations and formulate policy for proper operation of the system and the transaction of its business; to prescribe rules for the determinat…

(40 ILCS 5/14-135.04) (from Ch. 108 1/2, par. 14-135.04) Sec. 14-135.04. To pass on annuities. To consider and pass on all applications for annuities, allowances and benefits, and have examinations made of persons receiving disability benefits, at least once each year. (Source: P…

(40 ILCS 5/14-135.05) (from Ch. 108 1/2, par. 14-135.05) Sec. 14-135.05. To adopt actuarial tables. To adopt all necessary actuarial tables to be used in the operation of the system as prepared by the actuary, and compile such additional data as may be necessary for required actu…

(40 ILCS 5/14-135.06) (from Ch. 108 1/2, par. 14-135.06) Sec. 14-135.06. To have an audit and submit statements. To have the accounts of the system audited annually by a certified public accountant designated by the Auditor General; to submit an annual statement to the Governor a…

(40 ILCS 5/14-135.07) (from Ch. 108 1/2, par. 14-135.07) Sec. 14-135.07. To accept gifts. To accept any gift, grant or bequest of any money or securities for the purposes designated by the grantor, made with the specific purpose of providing cash benefits for some or all of the m…

(40 ILCS 5/14-135.08) (from Ch. 108 1/2, par. 14-135.08) Sec. 14-135.08. To certify required State contributions. (a) To certify to the Governor and to each department, on or before November 15 of each year until November 15, 2011, the required rate for State contributions to the…

(40 ILCS 5/14-135.09) (from Ch. 108 1/2, par. 14-135.09) Sec. 14-135.09. To obtain services. To obtain, pursuant to the "Personnel Code", approved July 18, 1955, as now or hereafter amended, an executive secretary, an actuary and such medical and other services as shall be requir…

(40 ILCS 5/14-135.10) (from Ch. 108 1/2, par. 14-135.10) Sec. 14-135.10. To subpoena witnesses. To compel witnesses to attend and testify before it upon any necessary matter concerning the System, and to allow reasonable fees to such witnesses for attendance at such meetings in a…

(40 ILCS 5/14-135.11) Sec. 14-135.11. To request information. To request from any member, annuitant, beneficiary, or employer such information as is necessary for the proper administration of the System. (Source: P.A. 99-450, eff. 8-24-15.)

(40 ILCS 5/14-136) (from Ch. 108 1/2, par. 14-136) Sec. 14-136. Executive Secretary. The Executive Secretary shall be the executive officer in charge of the administration of the detailed affairs of the system. He shall: (a) collect and receipt for all payments made to the system…

(40 ILCS 5/14-137) (from Ch. 108 1/2, par. 14-137) Sec. 14-137. Treasurer. The Treasurer of the State of Illinois shall be, ex-officio, the treasurer of the system. He shall: (a) act as official custodian of the cash and securities belonging to the system and provide adequate saf…

(40 ILCS 5/14-138) (from Ch. 108 1/2, par. 14-138) Sec. 14-138. Actuary. The Actuary shall be the technical advisor of the board on matters regarding the operation of the system. The actuary shall: (a) at least once every 3 years, make a general investigation of the mortality, re…

(40 ILCS 5/14-139) (from Ch. 108 1/2, par. 14-139) Sec. 14-139. Legal counsel. The Attorney General of the State shall be the legal advisor to the board. (Source: P.A. 80-841.)

(40 ILCS 5/14-140) (from Ch. 108 1/2, par. 14-140) Sec. 14-140. Duties of a department. Each department in the preparation of payroll vouchers covering payments of salary and wages to members for employment, shall indicate, for each employee who is a member of the system, in addi…

(40 ILCS 5/14-141) (from Ch. 108 1/2, par. 14-141) Sec. 14-141. Duties of Director of Central Management Services. The Director of Central Management Services in considering all payroll vouchers which are required under "An Act in relation to State finance", approved June 10, 191…

(40 ILCS 5/14-142) (from Ch. 108 1/2, par. 14-142) Sec. 14-142. Duties of Director of Central Management Services. The Director of Central Management Services in passing on payroll vouchers as required under the provisions of the "Personnel Code", approved July 18, 1955, as amend…

(40 ILCS 5/14-143) (from Ch. 108 1/2, par. 14-143) Sec. 14-143. Duties of State Comptroller. The State Comptroller shall draw warrants or prepare direct deposit transmittals upon the State Treasurer payable from the funds of this system for purposes provided for in this Article u…

(40 ILCS 5/14-144) (from Ch. 108 1/2, par. 14-144) Sec. 14-144. Authorizations. Members shall, by virtue of the payment of the contributions required to be paid to this system, receive a vested interest in their accumulated contributions in the system, and, in consideration of su…

(40 ILCS 5/14-145) (from Ch. 108 1/2, par. 14-145) Sec. 14-145. Retirement systems reciprocal act. The Retirement Systems Reciprocal Act, Article 20 of this Code, as now or hereafter amended, is adopted and made a part of this Article. (Source: P.A. 80-841.)

(40 ILCS 5/14-146) (from Ch. 108 1/2, par. 14-146) Sec. 14-146. Undivided interests. The assets of the system shall be invested as one fund, and no particular person, group of persons or entity shall have any right in any specific security or property, or in any item of cash othe…

(40 ILCS 5/14-147) (from Ch. 108 1/2, par. 14-147) Sec. 14-147. Annuities, etc. - Exempt. Except as provided in this Article, all moneys in the fund created by this Article, and all securities and other property of the System, and all annuities and other benefits payable under th…

(40 ILCS 5/14-147.5) Sec. 14-147.5. Accelerated pension benefit payment in lieu of any pension benefit. (a) As used in this Section: "Eligible person" means a person who: (1) has terminated service; (2) has accrued sufficient service credit to be eligible to receive a retirement …