Chapter 40 — PENSIONS

(40 ILCS 5/11-223) (from Ch. 108 1/2, par. 11-223) Sec. 11-223. Annuities, etc., exempt. (a) All annuities, refunds, pensions, and disability benefits granted under this Article shall be exempt from attachment or garnishment process and shall not be seized, taken, subjected to, d…

(40 ILCS 5/11-223.1) (from Ch. 108 1/2, par. 11-223.1) Sec. 11-223.1. Assignment for health, hospital, and medical insurance. The board may provide, by regulation, that any annuitant or pensioner may assign his annuity or disability benefit, or any part thereof, for the purpose o…

(40 ILCS 5/11-223.2) (from Ch. 108 1/2, par. 11-223.2) Sec. 11-223.2. Notification of assignment. The annuitant or pensioner shall notify the board in writing of the assignment of his annuity or disability benefit for payment of health, hospital or medical insurance premiums. Suc…

(40 ILCS 5/11-223.3) (from Ch. 108 1/2, par. 11-223.3) Sec. 11-223.3. Termination of assignment. Any notification of assignment and authorization to make insurance premium payments shall cease; (a) upon written notice to the board of termination of the assignment by the annuitant…

(40 ILCS 5/11-223.4) (from Ch. 108 1/2, par. 11-223.4) Sec. 11-223.4. Notification forms. The board shall prescribe a form or forms to be used for the notification of assignment required by Section 11-223.2. The board shall also prescribe a form or forms to be used for the notifi…

(40 ILCS 5/11-224) (from Ch. 108 1/2, par. 11-224) Sec. 11-224. Board members-No compensation. No member of the board shall receive any moneys from the fund as salary for service performed as a member or as an employee of the board. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-225) (from Ch. 108 1/2, par. 11-225) Sec. 11-225. No commissions on investments. No member of the board, and no person officially connected with the board, as employee, legal advisor, custodian of the fund or otherwise, shall have any right to receive any commission…

(40 ILCS 5/11-226) (from Ch. 108 1/2, par. 11-226) Sec. 11-226. Duties of municipal officers. The proper officers of the city and of the board of education and of the retirement board without cost to the fund, shall: (a) deduct all sums required to be deducted from the salaries o…

(40 ILCS 5/11-227) (from Ch. 108 1/2, par. 11-227) Sec. 11-227. Age of employee. For any employee who has filed an application for appointment to the service of an employer or retirement board, the age stated therein shall be conclusive evidence against the employee of his age fo…

(40 ILCS 5/11-228) (from Ch. 108 1/2, par. 11-228) Sec. 11-228. Office facilities. Suitable rooms for office and meetings of the board shall be assigned by the mayor of the city. (Source: Laws 1963, p. 161.)

(40 ILCS 5/11-229) (from Ch. 108 1/2, par. 11-229) Sec. 11-229. Compliance with article. All officers, officials, and employees of the city or of such board of education or of any retirement board concerned shall perform any and all acts required to carry out the intent and purpo…

(40 ILCS 5/11-230) (from Ch. 108 1/2, par. 11-230) Sec. 11-230. 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 his service as employee. None of the ben…

(40 ILCS 5/11-231) (from Ch. 108 1/2, par. 11-231) Sec. 11-231. 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 5/11-232) (from Ch. 108 1/2, par. 11-232) Sec. 11-232. 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 5/12-101) (from Ch. 108 1/2, par. 12-101) Sec. 12-101. Creation of fund. In each city of more than 500,000 population, and having a board of park commissioners, under and in pursuance of an Act of the General Assembly, for the purpose of locating, establishing and enclos…

(40 ILCS 5/12-102) (from Ch. 108 1/2, par. 12-102) Sec. 12-102. Terms defined. The terms used in this Article shall have the meanings ascribed to them in Sections 12-103 to 12-126, inclusive, except when the context otherwise requires. (Source: Laws 1963, p. 161.)

(40 ILCS 5/12-103) (from Ch. 108 1/2, par. 12-103) Sec. 12-103. The 1919 Act. "The 1919 Act": "An Act to provide for the creation, setting apart, formation, administration and disbursement of a park employees' and retirement board employees' annuity and benefit fund", approved Ju…

(40 ILCS 5/12-104) (from Ch. 108 1/2, par. 12-104) Sec. 12-104. Exchange of Functions Act of 1957. "Exchange of Functions Act of 1957": "An Act in relation to an exchange of certain functions, property and personnel among cities and park districts having coextensive geographic ar…

(40 ILCS 5/12-105) (from Ch. 108 1/2, par. 12-105) Sec. 12-105. Retirement board or board. "Retirement board" or "board": The board of trustees of the Park Employees' and Retirement Board Employees' Annuity and Benefit Fund as created and constituted in this Article. (Source: Law…

(40 ILCS 5/12-106) (from Ch. 108 1/2, par. 12-106) Sec. 12-106. Actuarial tables. "Actuarial tables": The American Experience Table of Mortality and 4% interest for any present employee or future entrant who was a participant or contributor to the fund on June 30, 1959, and for t…

(40 ILCS 5/12-107) (from Ch. 108 1/2, par. 12-107) Sec. 12-107. Reserve. "Reserve": when applied to an annuity means the present value, according to the applicable actuarial tables and rate of interest, of the payments to be made on account of such annuity. (Source: Laws 1963, p.…

(40 ILCS 5/12-108) (from Ch. 108 1/2, par. 12-108) Sec. 12-108. Highest salary. "Highest salary": The highest rate of salary received by an employee during his total service. (Source: Laws 1963, p. 161.)

(40 ILCS 5/12-109) (from Ch. 108 1/2, par. 12-109) Sec. 12-109. Service. "Service": Employment by an employer in a position covered by this Article, including (a) actual employment in pay status, (b) periods of approved leaves of absence for which contributions are made by the em…

(40 ILCS 5/12-111) (from Ch. 108 1/2, par. 12-111) Sec. 12-111. Withdrawal or withdraws. "Withdrawal" or "withdraws": Resignation, separation or discharge from service as an employee from any position to which a person has civil service status and may be subject to re-employment …

(40 ILCS 5/12-112) (from Ch. 108 1/2, par. 12-112) Sec. 12-112. Future entrant. "Future entrant": An employee who entered service after July 1, 1919, or, as applied to an employee of the board, an employee who entered service after July 1, 1937. (Source: Laws 1963, p. 161.)

(40 ILCS 5/12-114) (from Ch. 108 1/2, par. 12-114) Sec. 12-114. Regular interest. "Regular interest": Interest at the rate prescribed by the Board upon recommendation of the actuary for all employees, spouses or other beneficiaries. (Source: P.A. 87-1265.)

(40 ILCS 5/12-115) (from Ch. 108 1/2, par. 12-115) Sec. 12-115. Present value. "Present value": The amount of funds presently required to provide an annuity or benefit at some future date when computed according to the actuarial tables. (Source: Laws 1963, p. 161.)

(40 ILCS 5/12-116) (from Ch. 108 1/2, par. 12-116) Sec. 12-116. Fiscal year. "Fiscal year": For periods prior to July 1, 2012, the year commencing with July 1st and ending with June 30th next following. Beginning January 1, 2013, the year commencing January 1 and ending December …

(40 ILCS 5/12-117) (from Ch. 108 1/2, par. 12-117) Sec. 12-117. Contributions. "Contributions": Amounts deducted from the salary or amounts otherwise paid by an employee for the purposes of this Article. (Source: P.A. 81-1536.)

(40 ILCS 5/12-118) (from Ch. 108 1/2, par. 12-118) Sec. 12-118. Employee. "Employee": Any person in the service of a board of park commissioners as described in Section 12-101, or employees of the board, except (a) any person employed in any position requiring service of less tha…

(40 ILCS 5/12-118.1) (from Ch. 108 1/2, par. 12-118.1) Sec. 12-118.1. Employee annuitant. "Employee annuitant": An employee who has withdrawn from service and has been granted a service retirement annuity. (Source: Laws 1965, p. 1936.)

(40 ILCS 5/12-118.2) (from Ch. 108 1/2, par. 12-118.2) Sec. 12-118.2. Gender. The masculine gender whenever used in this Article includes the feminine gender and all annuities and other benefits applicable to male employees and their survivors, and the contributions to be made fo…

(40 ILCS 5/12-119) (from Ch. 108 1/2, par. 12-119) Sec. 12-119. Transferred employee. "Transferred employee": An employee who was transferred to the employment of a city by virtue of "An Act in relation to an exchange of certain functions, property and personnel among cities and …

(40 ILCS 5/12-120) (from Ch. 108 1/2, par. 12-120) Sec. 12-120. Employer. "Employer": Any board of park commissioners referred to in this Article and the retirement board defined in this Article. Effective January 1, 1959, "employer" shall also include any city to which is transf…

(40 ILCS 5/12-121) (from Ch. 108 1/2, par. 12-121) Sec. 12-121. Leave of absence. "Leave of absence": Absence from service for a temporary period on permission given by the employer upon written request of the employee. (Source: Laws 1963, p. 161.)

(40 ILCS 5/12-122) (from Ch. 108 1/2, par. 12-122) Sec. 12-122. Salary. "Salary": (a) The annual salary of any employee whose salary is on a yearly basis; (b) 12 times the amount of the salary per month of an employee whose salary is on a monthly basis; (c) 52 times the amount of…

(40 ILCS 5/12-123) (from Ch. 108 1/2, par. 12-123) Sec. 12-123. Age. "Age": Age at the latest birthday. In the computation of any retirement annuity, the actuarial factor shall be prorated for the number of days between the employee's last birthday and his age on the effective da…

(40 ILCS 5/12-123.1) (from Ch. 108 1/2, par. 12-123.1) Sec. 12-123.1. Surviving spouse. Surviving spouse: The spouse of an active employee on the date of the employee's death; the spouse of an inactive member on the date of separation from park service, unless the member has subs…

(40 ILCS 5/12-124) (from Ch. 108 1/2, par. 12-124) Sec. 12-124. Fixation of annuity; limitation on reversionary annuity. "Fixation of annuity": As applied to a service annuity or prior service annuity or a surviving spouse's annuity, the final determination of the annuity at the …

(40 ILCS 5/12-125) (from Ch. 108 1/2, par. 12-125) Sec. 12-125. Reversionary annuity. "Reversionary annuity": A deferred annuity computed according to the applicable actuarial table, based on employee and employer contributions for surviving spouse's service annuity and surviving…

(40 ILCS 5/12-125.1) (from Ch. 108 1/2, par. 12-125.1) Sec. 12-125.1. Optional reversionary annuity. "Optional reversionary annuity": A deferred annuity derived from part of the actuarial value of an employee's retirement annuity, computed according to the applicable actuarial ta…

(40 ILCS 5/12-126) (from Ch. 108 1/2, par. 12-126) Sec. 12-126. Actuarial equivalent. "Actuarial equivalent": An annuity or benefit of equal value to the accumulated contributions, annuity or other benefit, when computed upon the basis of the actuarial tables in use by the fund. …

(40 ILCS 5/12-127) (from Ch. 108 1/2, par. 12-127) Sec. 12-127. Computation of service. (a) If an employee during any leave of absence for 30 days or more without pay who is not receiving ordinary disability or duty disability benefits contributes the percentage of salary thereto…

(40 ILCS 5/12-127.1) (from Ch. 108 1/2, par. 12-127.1) Sec. 12-127.1. Transfer to General Assembly Retirement System. (a) Any active (and until April 1, 1993, any former) member of the General Assembly Retirement System may apply for transfer of his credits and creditable service…

(40 ILCS 5/12-127.5) (from Ch. 108 1/2, par. 12-127.5) Sec. 12-127.5. Transfer of creditable service to Article 5 fund. Pursuant to Section 5-234 of this Code, a police officer who is a participant in a pension fund established under Article 5 of this Code may apply for transfer …

(40 ILCS 5/12-128) (from Ch. 108 1/2, par. 12-128) Sec. 12-128. Annuities provided. A service annuity shall be provided for future entrants and present employees. A prior service annuity shall be provided for present employees. A widow's prior service annuity shall be provided fo…

(40 ILCS 5/12-130) (from Ch. 108 1/2, par. 12-130) Sec. 12-130. Retirement prior to age 60. An employee withdrawing prior to January 1, 1990 with at least 10 years of service and before attainment of age 55 shall be entitled at his option to a retirement annuity beginning at age …

(40 ILCS 5/12-131) (from Ch. 108 1/2, par. 12-131) Sec. 12-131. Retirement at age 60 or over. An employee, upon withdrawal upon or after age 60 with 4 or more years of service, shall be entitled to a retirement annuity. Such annuity for an employee who entered service prior to Ju…

(40 ILCS 5/12-132.1) (from Ch. 108 1/2, par. 12-132.1) Sec. 12-132.1. Employees still in service whose annuities were fixed at age 70 prior to July 1, 1988. For all employees who have not withdrawn from service or retired, whose annuities were fixed under prior law at age 70, pri…

(40 ILCS 5/12-133) (from Ch. 108 1/2, par. 12-133) Sec. 12-133. Fixed benefit retirement annuity. (a) Subject to the provisions of paragraph (b) of this Section, the retirement annuity for any employee who withdraws from service on or after January 1, 1983 and before January 1, 1…