Chapter 40 — PENSIONS

(40 ILCS 5/11-179.1) (This Section was added by P.A. 98-641, which has been held unconstitutional) Sec. 11-179.1. Use of contributions for health care subsidies. Except as may be required pursuant to Sections 11-160.1 and 11-160.2 of this Code, the Fund shall not use any contribu…

(40 ILCS 5/11-180) (from Ch. 108 1/2, par. 11-180) Sec. 11-180. Estimates of sums required for certain annuities and benefits. The board shall estimate the amounts required each year to pay for all annuities and benefits and administrative expenses. The amounts shall be paid into…

(40 ILCS 5/11-181) (from Ch. 108 1/2, par. 11-181) Sec. 11-181. Board created. A board of 8 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 Laborers' and Retirement Boar…

(40 ILCS 5/11-182) (from Ch. 108 1/2, par. 11-182) Sec. 11-182. Board elections; qualification; oath. (a) In each year, the board shall conduct a regular election, under rules adopted by it, at least 30 days prior to the expiration of the term of the employee member whose term ne…

(40 ILCS 5/11-183) (from Ch. 108 1/2, par. 11-183) Sec. 11-183. Board vacancy. A vacancy in the membership of the board shall be filled as follows: If the vacancy is that of an appointive member, the person or body who appointed the member shall appoint a person to serve for the …

(40 ILCS 5/11-184) (from Ch. 108 1/2, par. 11-184) Sec. 11-184. 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, vice-president and a secretary who shall…

(40 ILCS 5/11-185) (from Ch. 108 1/2, par. 11-185) Sec. 11-185. 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 5/11-186) (from Ch. 108 1/2, par. 11-186) Sec. 11-186. Board powers and duties. The board shall have the powers and duties stated in Sections 11-187 to 11-198, inclusive, in addition to such other powers and duties provided in this Article. (Source: Laws 1963, p. 161.)…

(40 ILCS 5/11-187) (from Ch. 108 1/2, par. 11-187) Sec. 11-187. To supervise collections. To see that all amounts specified in this Article to be applied to the fund, from any source, are collected and applied. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-188) (from Ch. 108 1/2, par. 11-188) Sec. 11-188. To notify of deductions. To notify the city comptroller and the board of education of the city and any such retirement board concerned of the deductions to be made from the salaries of employees. (Source: P.A. 81-153…

(40 ILCS 5/11-189) (from Ch. 108 1/2, par. 11-189) Sec. 11-189. To accept gifts. To accept by gift, grant, bequest or otherwise any money or property of any kind and use the same for the purposes of the fund. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-190) (from Ch. 108 1/2, par. 11-190) Sec. 11-190. To invest the reserves. To invest the reserves of the fund in accordance with Sections 1-109, 1-109.1, 1-109.2, 1-110, 1-111, 1-114, and 1-115 of this Act. Investments made in accordance with Section 1-113 shall be d…

(40 ILCS 5/11-190.1) (from Ch. 108 1/2, par. 11-190.1) Sec. 11-190.1. Loan of securities. The Board may lend securities owned by the Fund to a borrower upon such written terms and conditions as may be mutually agreed. Such agreement shall provide that during the period of such lo…

(40 ILCS 5/11-191) (from Ch. 108 1/2, par. 11-191) Sec. 11-191. To have an audit. To have an audit of the accounts of the fund made at least once each year by certified public accountants. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-192) (from Ch. 108 1/2, par. 11-192) Sec. 11-192. To authorize payments. To authorize or suspend the payment of any annuity or benefit in accordance with this Article. The board shall have exclusive original jurisdiction in all matters relating to or affecting the f…

(40 ILCS 5/11-193) (from Ch. 108 1/2, par. 11-193) Sec. 11-193. To determine service credits. To require each employee to file a statement concerning service rendered the employer and the retirement board, prior to the effective date. The board shall make a determination of the l…

(40 ILCS 5/11-194) (from Ch. 108 1/2, par. 11-194) Sec. 11-194. To issue certificate of prior service. To issue a certificate showing the entire period of service rendered by a present employee prior to the effective date and the amounts to his credit, for prior service and widow…

(40 ILCS 5/11-195) (from Ch. 108 1/2, par. 11-195) Sec. 11-195. To submit an annual report. To submit a report in July of each year to the city council of the city, as of the close of business on December 31st of the preceding year. The report shall contain a detailed statement o…

(40 ILCS 5/11-196) (from Ch. 108 1/2, par. 11-196) Sec. 11-196. 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 concerni…

(40 ILCS 5/11-197) (from Ch. 108 1/2, par. 11-197) Sec. 11-197. To appoint employees. To appoint such actuarial, medical, legal, clerical or other employees as are necessary and fix their compensation. The board shall develop procedures for obtaining, by contract or employment, a…

(40 ILCS 5/11-197.7) Sec. 11-197.7. Payment of annuity other than direct. The board, at the written direction and request of any annuitant, may, solely as an accommodation to such annuitant, pay the annuity due him or her to a bank, savings and loan association, or any other fina…

(40 ILCS 5/11-198) (from Ch. 108 1/2, par. 11-198) Sec. 11-198. To make rules. To make rules and regulations necessary for the administration of the fund. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-199) (from Ch. 108 1/2, par. 11-199) Sec. 11-199. 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 amounts required to make all annuity payments which become due in the f…

(40 ILCS 5/11-200) (from Ch. 108 1/2, par. 11-200) Sec. 11-200. Accounting. An adequate system of accounts and records shall be established to give effect to the requirements of this Article, and shall be maintained in accordance with generally accepted accounting principles. The…

(40 ILCS 5/11-201) (from Ch. 108 1/2, par. 11-201) Sec. 11-201. Expense reserve. Amounts contributed by the city to defray the cost of administration of the fund shall be credited to this reserve. Expenses of administration shall be charged to it. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-202) (from Ch. 108 1/2, par. 11-202) Sec. 11-202. City contribution reserve. Amounts contributed by the city for age and service annuity, widow's annuity and supplemental annuity (except those contributed in lieu of deductions from the salary of an employee who rece…

(40 ILCS 5/11-203) (from Ch. 108 1/2, par. 11-203) Sec. 11-203. Employees' contribution reserve. Amounts deducted from employee's salaries for age and service annuity and widow's annuity, or otherwise contributed by employees, amounts contributed by the city for such annuities fo…

(40 ILCS 5/11-204) (from Ch. 108 1/2, par. 11-204) Sec. 11-204. Annuity payment reserve. Amounts transferred from the city contribution reserve and the employees' contribution reserve for annuities which have been fixed, amounts deducted from an employee's salary after the age an…

(40 ILCS 5/11-205) (from Ch. 108 1/2, par. 11-205) Sec. 11-205. Prior service annuity reserve. Amounts contributed by the city for prior service annuity, widow's prior service annuity and minimum annuities, shall be credited to this reserve. Prior service and widow's prior servic…

(40 ILCS 5/11-206) (from Ch. 108 1/2, par. 11-206) Sec. 11-206. Child's annuity reserve. Amounts contributed by the city for child's annuity shall be credited to this reserve and such annuities shall be charged to it. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-207) (from Ch. 108 1/2, par. 11-207) Sec. 11-207. Duty disability reserve. Amounts contributed by the city for duty disability benefits and child's disability benefits, and amounts contributed by the city for compensation annuity shall be credited to this reserve. S…

(40 ILCS 5/11-208) (from Ch. 108 1/2, par. 11-208) Sec. 11-208. Ordinary disability reserve. Amounts contributed by the city for ordinary disability benefit shall be credited to this reserve and such benefits shall be charged to it. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-209) (from Ch. 108 1/2, par. 11-209) Sec. 11-209. Gift reserve. Money or property received by the board for any purpose under other laws, or as gifts, grants, or bequests, or in any manner other than provided in any section of this Article shall be credited to this …

(40 ILCS 5/11-210) (from Ch. 108 1/2, par. 11-210) Sec. 11-210. Investment and interest reserve. (1) Gains from investments and interest earnings shall be credited to this reserve. Losses from investments shall be charged to it. From this reserve shall be transferred amounts due …

(40 ILCS 5/11-211) (from Ch. 108 1/2, par. 11-211) Sec. 11-211. Deficiencies in reserves. If the balance in the expense reserve, the prior service annuity reserve, the child's annuity reserve, the duty disability reserve or the ordinary disability reserve, or either one of these …

(40 ILCS 5/11-212) (from Ch. 108 1/2, par. 11-212) Sec. 11-212. Treasurer of fund. The city treasurer shall be ex-officio the treasurer and custodian of the fund and shall furnish to the board a bond of such amount as the board designates, which shall indemnify the board against …

(40 ILCS 5/11-213) (from Ch. 108 1/2, par. 11-213) Sec. 11-213. Attorney. The chief legal officer of the city shall be the legal advisor of and attorney for the board. If it shall deem such action necessary or advisable, the board may, in its discretion, employ another attorney f…

(40 ILCS 5/11-214) (from Ch. 108 1/2, par. 11-214) Sec. 11-214. Computation of term of service, annual salary and salary deductions. For the purpose of this Article, term of service, annual salary and salary deductions shall be computed as provided in Sections 11-215 to 11- 218, …

(40 ILCS 5/11-215) (from Ch. 108 1/2, par. 11-215) Sec. 11-215. Computation of service. (a) In computing the term of service of an employee prior to the effective date, the entire period beginning on the date he was first appointed and ending on the day before the effective date,…

(40 ILCS 5/11-215.1) (from Ch. 108 1/2, par. 11-215.1) Sec. 11-215.1. Concurrent Employment. If a participant in this fund is employed concurrently by an employer whose employees are participants in a public retirement system created under other Articles of the Illinois Pension C…

(40 ILCS 5/11-216) (from Ch. 108 1/2, par. 11-216) Sec. 11-216. Basis of service credit. (a) In computing the period of service of any employee for the minimum annuities, the following provisions shall govern: (1) all periods prior to the effective date shall be computed in accor…

(40 ILCS 5/11-217) (from Ch. 108 1/2, par. 11-217) Sec. 11-217. Basis of annual salary. For the purpose of this Article, the annual salary of an employee whose salary or wage is appropriated, fixed, or arranged in the annual appropriation ordinance upon other than an annual basis…

(40 ILCS 5/11-218) (from Ch. 108 1/2, par. 11-218) Sec. 11-218. Basis of salary deduction. The total of salary deductions for employee contributions for annuity purposes for any 1 calendar year shall not exceed that produced by the application of the proper salary deduction rates…

(40 ILCS 5/11-219) (from Ch. 108 1/2, par. 11-219) Sec. 11-219. 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; provided that where t…

(40 ILCS 5/11-220) (from Ch. 108 1/2, par. 11-220) Sec. 11-220. Employees in territory annexed. Whenever territory is annexed to the city, any person then employed as a laborer by such annexed territory, who shall be employed by the city on the date of annexation shall automatica…

(40 ILCS 5/11-221) (from Ch. 108 1/2, par. 11-221) Sec. 11-221. Employees under Act. (a) Any contributor becoming employed on or after the effective date (except a participant in any other annuity, retirement or pension fund in operation in such city) shall be subject to the prov…

(40 ILCS 5/11-221.1) (from Ch. 108 1/2, par. 11-221.1) (Text of Section before amendment by P.A. 104-457) Sec. 11-221.1. Right of employees to contribute for certain other service. Any employee in the service, after having made contributions covering a period of 10 or more years …

(40 ILCS 5/11-221.2) (from Ch. 108 1/2, par. 11-221.2) Sec. 11-221.2. Establishment and restoration of service credit. (a) Beginning on the effective date of this amendatory Act of 1991, an employee who is still in service and is eligible to establish optional service credit unde…

(40 ILCS 5/11-221.3) Sec. 11-221.3. Payments and rollovers. (a) The Board may adopt rules prescribing the manner of repaying refunds and purchasing any other credits permitted under this Article. The rules may prescribe the manner of calculating interest when payments or repaymen…

(40 ILCS 5/11-222) (from Ch. 108 1/2, par. 11-222) Sec. 11-222. Certain park district employees. The "Exchange of Functions Act of 1957", to the extent that it applies to the fund, is incorporated into and made a part of this Article by express reference. Employees of a city who …