Chapter 40, PENSIONS

(40 ILCS 5/5-114) (from Ch. 108 1/2, par. 5-114) Sec. 5-114. Salary. "Salary": (a) Annual salary, provided that $2,600 shall be the maximum amount of salary to be considered for any purpose under this Act prior to July 1, 1927. (b) Annual salary, provided that $3,000 shall be the…

(40 ILCS 5/5-115) (from Ch. 108 1/2, par. 5-115) Sec. 5-115. Disability. "Disability": A condition of physical or mental incapacity to perform any assigned duty or duties in the police service. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-116) (from Ch. 108 1/2, par. 5-116) Sec. 5-116. Withdrawal, withdrawal from service, or withdrawn from service. "Withdrawal", "withdrawal from service", or "withdrawn from service": The discharge or resignation of a policeman. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-117) (from Ch. 108 1/2, par. 5-117) Sec. 5-117. Assets. "Assets": The total value of cash, securities, and other property less all liabilities. Bonds shall be valued at their amortized book value. (Source: P.A. 78-833.)

(40 ILCS 5/5-118) (from Ch. 108 1/2, par. 5-118) Sec. 5-118. Age. "Age": Age at last birthday preceding the date on which ascertainment of age is necessary to any computation under this Article. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-119) (from Ch. 108 1/2, par. 5-119) Sec. 5-119. Injury. "Injury": A physical hurt resulting from external force or violence. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-120) (from Ch. 108 1/2, par. 5-120) Sec. 5-120. Interest. "Interest": (a) Interest at 4% per annum for any policeman who was a participant or a contributor to this fund on December 31, 1953; and (b) interest at 3% per annum for any future entrant not a participant or…

(40 ILCS 5/5-121) (from Ch. 108 1/2, par. 5-121) Sec. 5-121. Annuity. Prior service annuity, age and service annuity, widow's annuity and widow's prior service annuity shall consist of equal monthly payments for life with the first payment payable one month after the occurrence o…

(40 ILCS 5/5-122) (from Ch. 108 1/2, par. 5-122) Sec. 5-122. Prior service annuity. "Prior Service Annuity" shall be credited for present employees for service rendered prior to the effective date in accordance with the provisions of "Policemen's Annuity and Benefit Fund Act of t…

(40 ILCS 5/5-123) (from Ch. 108 1/2, par. 5-123) Sec. 5-123. Age and service annuity. "Age and Service Annuity" shall be provided policemen for service rendered on or after the effective date. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-124) (from Ch. 108 1/2, par. 5-124) Sec. 5-124. Present employees - Limitation to and amount of prior service annuities in certain cases. A present employee who has a credit on the effective date, for prior service annuity, of an amount sufficient to provide annuity …

(40 ILCS 5/5-125) (from Ch. 108 1/2, par. 5-125) Sec. 5-125. Present employees - Age 57 in service - Amount of annuity. (a) A present employee who attains age 57 or more while in service, having credit from sums accumulated for age and service annuity and prior service annuity su…

(40 ILCS 5/5-126) (from Ch. 108 1/2, par. 5-126) Sec. 5-126. Present employees - Age 50 but less than 57 in service - Age 50 out of service - Amount of annuity. A present employee who (1) attains age 50 or more but less than 57 while in service, having 10 or more years of service…

(40 ILCS 5/5-127) (from Ch. 108 1/2, par. 5-127) Sec. 5-127. Minimum amount of annuity of present employee. Any present employee who withdraws on or after the effective date having at least 20 years of service and for whom the annuity otherwise provided in this Article is less th…

(40 ILCS 5/5-128) (from Ch. 108 1/2, par. 5-128) Sec. 5-128. Future entrants - amount of annuity. When a future entrant withdraws from service, his age and service annuity shall be fixed as of the date of withdrawal. The annuity shall be that provided from the entire sum to his c…

(40 ILCS 5/5-129) (from Ch. 108 1/2, par. 5-129) Sec. 5-129. Future entrants - Age 50 in service - amount of annuity. When a future entrant who attains age 50 or more in service, having 10 or more years of service, withdraws, his age and service annuity shall be fixed as of his a…

(40 ILCS 5/5-129.1) Sec. 5-129.1. Withdrawal at mandatory retirement age - amount of annuity. (a) In lieu of any annuity provided in the other provisions of this Article, a policeman who is required to withdraw from service on or after January 1, 2000 due to attainment of mandato…

(40 ILCS 5/5-130) (from Ch. 108 1/2, par. 5-130) Sec. 5-130. Future entrants - withdrawal before age 50-Amount of annuity. When a future entrant withdraws before age 50 after 10 or more years' service and attains age 50 while not in service, his age and service annuity shall be f…

(40 ILCS 5/5-131) (from Ch. 108 1/2, par. 5-131) Sec. 5-131. Future entrants - Re-entry and new fixation. Except as may be otherwise provided in this Article, no amount of annuity other than that fixed in accordance with Sections 5-129 and 5-130 shall be granted to any future ent…

(40 ILCS 5/5-132) (from Ch. 108 1/2, par. 5-132) Sec. 5-132. Minimum annuity. Any policeman who withdraws on or after July 8, 1957, or any policeman transferred to the police service of the city under the Exchange of Functions Act of 1957 who withdraws on or after July 17, 1959, …

(40 ILCS 5/5-132.2) (from Ch. 108 1/2, par. 5-132.2) Sec. 5-132.2. Reversionary annuity. (a) A policeman, prior to retirement on annuity, may elect to take a lesser amount of annuity and provide, with the actuarial value of the amount by which his annuity is reduced, a reversiona…

(40 ILCS 5/5-133) (from Ch. 108 1/2, par. 5-133) Sec. 5-133. Widow's prior service annuity. "Widow's Prior Service Annuity" shall be credited for the widow of a male present employee for service prior to the effective date, in accordance with the "Policemen's Annuity and Benefit …

(40 ILCS 5/5-134) (from Ch. 108 1/2, par. 5-134) Sec. 5-134. Widow's annuity. "Widow's Annuity" shall be provided for the widows of policemen for service after the effective date. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-135) (from Ch. 108 1/2, par. 5-135) Sec. 5-135. Amount of present employee's widow's annuity on effective date. The amount of annuity for the wife of a present employee who attains age 57 or more on or before the effective date shall be fixed on the effective date as…

(40 ILCS 5/5-136) (from Ch. 108 1/2, par. 5-136) Sec. 5-136. Widow's annuity - all employees attaining age 57 in service. The annuity for the wife of an employee who attains age 57 in service, and who thereafter withdraws from or dies in service, shall be fixed, in the case of a …

(40 ILCS 5/5-136.1) (from Ch. 108 1/2, par. 5-136.1) Sec. 5-136.1. (a) Notwithstanding the other provisions of this Article, the widow of a policeman (1) who retires on or after January 1, 1986, and subsequently dies while receiving a retirement annuity, or (2) dies on or after J…

(40 ILCS 5/5-137) (from Ch. 108 1/2, par. 5-137) Sec. 5-137. Widow's annuity - All employees - Death in service. The widow of a present employee or future entrant who dies in service is entitled to receive annuity, from the date of his death, of the amount provided from the sums …

(40 ILCS 5/5-138) (from Ch. 108 1/2, par. 5-138) Sec. 5-138. Widow's annuity - All employees - Withdrawal after age 50. The amount of widow's annuity and of widow's prior service annuity for the wife of an employee who (1) attained age 50 or more while in service and (2) served 1…

(40 ILCS 5/5-139) (from Ch. 108 1/2, par. 5-139) Sec. 5-139. Widow's annuity - All employees - Withdrawal before age 50 and death after age 50. The widow's annuity and widow's prior service annuity for the wife of an employee who withdraws after service of 10 or more years before…

(40 ILCS 5/5-140) (from Ch. 108 1/2, par. 5-140) Sec. 5-140. Widow's annuity - All employees - Withdrawal and death before age 50. The widow of an employee who (1) has served 10 or more years and (2) withdraws before age 50 and (3) dies out of service before age 50 shall receive …

(40 ILCS 5/5-141) (from Ch. 108 1/2, par. 5-141) Sec. 5-141. Widow's annuity - Re-entry and new fixation. Annuity in excess of that fixed in Sections 5-138 and 5-139 shall not be granted to the widow of an employee described therein, unless the employee re-enters the service, in …

(40 ILCS 5/5-142) (from Ch. 108 1/2, par. 5-142) Sec. 5-142. Widow's annuity-Determination of age of widow. Widow's annuity shall be computed as herein provided, except that the maximum age of a widow for any annuity purposes shall not be more than 5 years less than the age of th…

(40 ILCS 5/5-143) (from Ch. 108 1/2, par. 5-143) Sec. 5-143. Widow's annuity - Limitations after fixation. Except as otherwise provided in this Article (a) no employee or city contributions for widow's annuity shall be made after such annuity has been fixed; (b) no annuity in exc…

(40 ILCS 5/5-144) (from Ch. 108 1/2, par. 5-144) Sec. 5-144. Death from injury in the performance of acts of duty; compensation annuity and supplemental annuity. (a) Beginning January 1, 1986, and without regard to whether or not the annuity in question began before that date, if…

(40 ILCS 5/5-145) (from Ch. 108 1/2, par. 5-145) Sec. 5-145. Minimum annuity to widow of present employee or of former policeman who re-entered service. If the annuity for a widow of a present employee, or of a policeman in the police service of the city prior to but not on the d…

(40 ILCS 5/5-146) (from Ch. 108 1/2, par. 5-146) Sec. 5-146. Wives and widows not entitled to annuities. The following wives or widows have no right to annuity from the fund: (a) A wife or widow, married subsequent to the effective date, of a policeman who dies in service, if the…

(40 ILCS 5/5-147) (from Ch. 108 1/2, par. 5-147) Sec. 5-147. Widow's marriage to terminate annuity. (a) Beginning on the effective date of this amendatory Act of the 95th General Assembly, a widow's annuity shall no longer be subject to termination or suspension under this Sectio…

(40 ILCS 5/5-147.1) (from Ch. 108 1/2, par. 5-147.1) Sec. 5-147.1. Widows-double annuity. If any widow (1) receives any annuity from the fund, and (2) after January 1, 1983 marries a policeman who is a participant in this fund, and (3) such policeman dies and a second widow's ann…

(40 ILCS 5/5-148) (from Ch. 108 1/2, par. 5-148) Sec. 5-148. Maximum annuities. No annuity in excess of 75% of the highest salary considered for annuity purposes in accordance with this Article shall be payable to a policeman, or to the widow of a policeman whose death results fr…

(40 ILCS 5/5-149) (from Ch. 108 1/2, par. 5-149) Sec. 5-149. Mortality tables and interest rates. (a) Any annuity fixed for or granted to a present employee or future entrant who entered service prior to January 1, 1954, or to his widow, shall be computed according to the America…

(40 ILCS 5/5-150) (from Ch. 108 1/2, par. 5-150) Sec. 5-150. Whenever the sum to a policeman's credit for annuity for him or his widow is insufficient, at the time the amount of such annuity is fixed, to provide a life annuity of $10 a month, a term annuity of $10 a month shall b…

(40 ILCS 5/5-151) (from Ch. 108 1/2, par. 5-151) Sec. 5-151. Child's annuity. A child's annuity shall be provided for unmarried natural or adopted children of policemen, payable monthly, from the date of the policeman parent's death until the child's attainment of age 18 except a…

(40 ILCS 5/5-152) (from Ch. 108 1/2, par. 5-152) (Text of Section before amendment by P.A. 104-598) Sec. 5-152. Child's annuity - Conditions - Amount. A child's annuity shall be payable in the following cases of policemen who die on or after the effective date: (a) A policeman wh…

(40 ILCS 5/5-152.1) Sec. 5-152.1. Parent's annuity. (a) A parent's annuity shall be provided for the natural parent or parents of a policeman who dies on or after the effective date of this amendatory Act of 1996 while (i) in active service, (ii) disabled and in receipt of or pen…

(40 ILCS 5/5-153) (from Ch. 108 1/2, par. 5-153) Sec. 5-153. Death benefit. (a) Effective January 1, 1962, an ordinary death benefit is payable on account of any policeman in service and in receipt of salary on or after such date, which benefit is in addition to all other annuiti…

(40 ILCS 5/5-154) (from Ch. 108 1/2, par. 5-154) Sec. 5-154. Duty disability benefit; child's disability benefit. (a) An active policeman who becomes disabled on or after the effective date as the result of injury incurred on or after such date in the performance of an act of dut…

(40 ILCS 5/5-154.1) (from Ch. 108 1/2, par. 5-154.1) Sec. 5-154.1. Occupational disease disability benefit. (a) The General Assembly finds that service in the police department requires police officers in times of stress and danger to perform unusual tasks; that police officers a…

(40 ILCS 5/5-155) (from Ch. 108 1/2, par. 5-155) Sec. 5-155. Ordinary disability benefit. A policeman less than age 63 who becomes disabled after the effective date as the result of any cause other than injury incurred in the performance of an act of duty, shall receive ordinary …

(40 ILCS 5/5-156) (from Ch. 108 1/2, par. 5-156) Sec. 5-156. Proof of disability - Physical examinations. Proof of duty, occupational disease, or ordinary disability shall be furnished to the board by at least one licensed and practicing physician appointed by the board. In cases…

(40 ILCS 5/5-157) (from Ch. 108 1/2, par. 5-157) Sec. 5-157. Administration of disability benefits. (a) If a policeman who is granted duty or ordinary disability benefit refuses to submit to examination by a physician appointed by the board, he shall have no further right to rece…