Chapter 40, PENSIONS

(40 ILCS 5/5-158) (from Ch. 108 1/2, par. 5-158) Sec. 5-158. Annuity after withdrawal while disabled. A policeman whose disability continues beyond the maximum period of eligibility for disability benefit and who withdraws while still disabled and before age 50, shall receive ann…

(40 ILCS 5/5-159) (from Ch. 108 1/2, par. 5-159) Sec. 5-159. Re-entry of pensioner or annuitant into service. When a policeman who has withdrawn after the effective date re-enters service, any annuity previously granted to him and any annuity fixed for his wife shall be cancelled…

(40 ILCS 5/5-160) (from Ch. 108 1/2, par. 5-160) Sec. 5-160. Re-entry of policemen not in service on effective date. A policeman who was not in the police service of the city on the day prior to the effective date and who was in such service prior to that day and who re-enters se…

(40 ILCS 5/5-161) (from Ch. 108 1/2, par. 5-161) Sec. 5-161. Re-entry into service after receiving refund. A policeman who has received a refund under this Article and who subsequently re-enters the service and serves for a period of 3 years may repay into this fund an amount equ…

(40 ILCS 5/5-162) (from Ch. 108 1/2, par. 5-162) Sec. 5-162. Annuity of former policeman who re-enters service. A policeman who was not in the police service of the city on the day prior to the effective date, and who was in such service prior to that date, and who re-enters the …

(40 ILCS 5/5-163) (from Ch. 108 1/2, par. 5-163) Sec. 5-163. Refund - General. (a) A policeman, without regard to his period of service, who withdraws before age 50, and a policeman with less than 10 years of service who withdraws before age 57, is entitled to a refund of the amo…

(40 ILCS 5/5-164) (from Ch. 108 1/2, par. 5-164) Sec. 5-164. Refund; re-entry into service; repayment of refund. (a) A policeman who receives a refund and subsequently re-enters service shall not thereafter become entitled to receive, nor shall his widow or children be entitled t…

(40 ILCS 5/5-165) (from Ch. 108 1/2, par. 5-165) Sec. 5-165. Refund - widow's annuity contributions. When an unmarried policeman withdraws from service and enters upon annuity, and when a policeman becomes a widower while still in service, his accumulations for widow's annuity sh…

(40 ILCS 5/5-166) (from Ch. 108 1/2, par. 5-166) Sec. 5-166. Refund-Transfer of city contributions. Whenever any amounts are refunded, the accumulated city contributions shall be transferred to the prior service annuity reserve. If the amounts refunded are repaid, the amount tran…

(40 ILCS 5/5-167) (from Ch. 108 1/2, par. 5-167) Sec. 5-167. Refund - Widows and children. If the amount deducted from the salary of a deceased policeman for annuity purposes after the effective date has not been paid to him, and in the case of a deceased married male policeman t…

(40 ILCS 5/5-167.1) (from Ch. 108 1/2, par. 5-167.1) Sec. 5-167.1. Automatic increase in annuity; retirement from service after September 1, 1967. (a) A policeman who retires from service after September 1, 1967 with at least 20 years of service credit shall, upon either the firs…

(40 ILCS 5/5-167.2) (from Ch. 108 1/2, par. 5-167.2) Sec. 5-167.2. Retirement before September 1, 1967. A retired policeman, qualifying for minimum annuity or who retired from service with 20 or more years of service, before September 1, 1967, shall, in January of the year follow…

(40 ILCS 5/5-167.3) (from Ch. 108 1/2, par. 5-167.3) Sec. 5-167.3. Pensions to survivors of female policemen. All provisions of this Article relating to annuities or benefits to a widow, children or other survivors of a male policeman shall apply with equal force to a surviving s…

(40 ILCS 5/5-167.4) (from Ch. 108 1/2, par. 5-167.4) Sec. 5-167.4. Widow annuitant minimum annuity. (a) Notwithstanding any other provision of this Article, beginning January 1, 1996, the minimum amount of widow's annuity payable to any person who is entitled to receive a widow's…

(40 ILCS 5/5-167.5) (from Ch. 108 1/2, par. 5-167.5) Sec. 5-167.5. Payments to city. (a) For the purposes of this Section, "city annuitant" means a person receiving an age and service annuity, a widow's annuity, a child's annuity, or a minimum annuity under this Article as a dire…

(40 ILCS 5/5-168) (from Ch. 108 1/2, par. 5-168) Sec. 5-168. Financing. (a) Except as expressly provided in this Section, the city shall levy a tax annually upon all taxable property therein for the purpose of providing revenue for the fund. The tax shall be at a rate that will p…

(40 ILCS 5/5-168.1) (from Ch. 108 1/2, par. 5-168.1) Sec. 5-168.1. The employer may pick up the employee contributions required by Sections 5-167.1, 5-169, 5-170, 5-171 and 5-175.1 for salary earned after December 31, 1981. If employee contributions are not picked up, the amount …

(40 ILCS 5/5-168.2) Sec. 5-168.2. Funding obligation. (a) Beginning January 1, 2016, the city shall be obligated to contribute to the Fund in each fiscal year an amount not less than the amount determined annually under subsection (a) of Section 5-168 of this Code. Notwithstandin…

(40 ILCS 5/5-169) (from Ch. 108 1/2, par. 5-169) Sec. 5-169. Contributions for age and service annuities or Tier 2 monthly retirement annuities for present employees and future entrants. (a) Beginning on the effective date and before January 1, 1954, 3 1/2% per annum (except that…

(40 ILCS 5/5-170) (from Ch. 108 1/2, par. 5-170) Sec. 5-170. Contributions for widow's annuities and Tier 2 surviving spouse's annuity. Beginning on the effective date 1%, and beginning January 1, 1976, 1-1/2% of the salary of each male present employee and future entrant shall b…

(40 ILCS 5/5-171) (from Ch. 108 1/2, par. 5-171) Sec. 5-171. Contributions for death benefit. To defray the cost of the ordinary death benefit, each policeman in service on or after January 1, 1962, shall make contributions in addition to the contributions otherwise provided in t…

(40 ILCS 5/5-172) (from Ch. 108 1/2, par. 5-172) Sec. 5-172. Contributions by city for duty and occupational disease disability benefits and supplemental annuity. In lieu of salary deductions for annuity purposes, the city shall contribute the required amounts for any period duri…

(40 ILCS 5/5-173) (from Ch. 108 1/2, par. 5-173) Sec. 5-173. Contributions by city for ordinary disability benefits. The city shall contribute all amounts ordinarily contributed by it for annuity purposes for a disabled policeman receiving ordinary disability benefit as though he…

(40 ILCS 5/5-174) (from Ch. 108 1/2, par. 5-174) Sec. 5-174. Contributions in case of certain employments in police department. (a) Whenever a policeman is assigned to a position in the police department other than the position he holds by certification and appointment as a resul…

(40 ILCS 5/5-175) (from Ch. 108 1/2, par. 5-175) Sec. 5-175. Contributions by city for prior service annuities and pensions under former acts. Each city shall contribute annually, from the sum produced by the tax levy herein authorized, all sums required for the purposes of this …

(40 ILCS 5/5-175.1) (from Ch. 108 1/2, par. 5-175.1) Sec. 5-175.1. Contributions by female policemen. (a) Effective as of October 1, 1974, female policemen shall make the same contributions for survivors' annuities or other benefits as are in effect for male policemen, to the end…

(40 ILCS 5/5-176) (from Ch. 108 1/2, par. 5-176) Sec. 5-176. Cost of administration. The city shall contribute the entire costs of administration of the fund from revenue derived from the taxes authorized to be levied for the fund. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-177) (from Ch. 108 1/2, par. 5-177) Sec. 5-177. Other city contributions-Estimates. The board shall estimate the amounts required each year to be contributed by the city to pay all annuities and benefits hereunder and administrative expenses. All amounts shall be pai…

(40 ILCS 5/5-178) (from Ch. 108 1/2, par. 5-178) Sec. 5-178. Board created. A board of 8 members shall constitute a board of trustees authorized to administer the provisions of this Article. The board shall be known as the Retirement Board of the Policemen's Annuity and Benefit F…

(40 ILCS 5/5-179) (from Ch. 108 1/2, par. 5-179) Sec. 5-179. Board elections. The regular elections for members of the board shall be held under rules of the board at least 30 days prior to the expiration of the term of office of any elective member. At any election for active po…

(40 ILCS 5/5-180) (from Ch. 108 1/2, par. 5-180) Sec. 5-180. Board vacancy, removal and recall. A vacancy on the board owing to death, resignation or any other cause shall be filled as follows: If the vacancy is of an appointee of the mayor, the mayor shall appoint a person to se…

(40 ILCS 5/5-181) (from Ch. 108 1/2, par. 5-181) Sec. 5-181. Board officers. At each regular meeting in December, the board shall elect, by a majority vote of the members who vote upon the question, a president, a vice-president and a secretary from among its own members to serve…

(40 ILCS 5/5-182) (from Ch. 108 1/2, par. 5-182) Sec. 5-182. Board meetings. The board shall hold regular meetings in each month and such other meetings as it deems necessary. A majority of the board members shall constitute a quorum for the transaction of business at any meeting…

(40 ILCS 5/5-183) (from Ch. 108 1/2, par. 5-183) Sec. 5-183. Board powers and duties. The board shall have the powers and duties stated in Sections 5-184 to 5-195, inclusive, in addition to the other powers and duties provided in this Article. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-184) (from Ch. 108 1/2, par. 5-184) Sec. 5-184. To supervise deductions and contributions. To see that all amounts specified in this Article to be applied to the fund, from any source, are collected and so applied; to see that the sums to be deducted from the salarie…

(40 ILCS 5/5-185) (from Ch. 108 1/2, par. 5-185) Sec. 5-185. To notify comptroller of deductions. To notify the city comptroller of the amounts or percentages of salary to be deducted from the salaries of policemen and paid into the fund. (Source: P.A. 81-1536.)

(40 ILCS 5/5-186) (from Ch. 108 1/2, par. 5-186) Sec. 5-186. 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 5/5-187) (from Ch. 108 1/2, par. 5-187) Sec. 5-187. To invest money. To invest the monies of the fund in accordance with the provisions set forth in 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…

(40 ILCS 5/5-187.1) (from Ch. 108 1/2, par. 5-187.1) Sec. 5-187.1. To lend securities. The Board may lend securities owned by the Fund to a borrower upon such terms and conditions as may be mutually agreed in writing. Such agreement shall provide that during the period of such lo…

(40 ILCS 5/5-188) (from Ch. 108 1/2, par. 5-188) Sec. 5-188. To have an audit. To contract with an independent certified public accounting firm to perform an annual audit of the assets of the fund and issue a financial opinion. The annual audit shall be in addition to any examina…

(40 ILCS 5/5-189) (from Ch. 108 1/2, par. 5-189) Sec. 5-189. To authorize payments. To authorize the payment of any annuity, pension, or benefit granted under this Article or under any other Act relating to police pensions, heretofore in effect in the city which has been supersed…

(40 ILCS 5/5-190) (from Ch. 108 1/2, par. 5-190) Sec. 5-190. To require statements and determine service credits. To require each policeman, including those on vacation and on leave of absence, to file a statement, in such form as the Board directs, concerning service rendered pr…

(40 ILCS 5/5-191) (from Ch. 108 1/2, par. 5-191) Sec. 5-191. To issue certificate of service. To issue to each present employee a certificate which shall show the entire period of service rendered by him prior to the effective date and the amounts to his credit as of such date fo…

(40 ILCS 5/5-192) (from Ch. 108 1/2, par. 5-192) Sec. 5-192. To submit annual report to city council. To submit a report annually in June to the city council. The report shall be made as of the close of business on December 31st of the preceding year and shall contain a detailed …

(40 ILCS 5/5-193) (from Ch. 108 1/2, par. 5-193) Sec. 5-193. To subpoena witnesses. To compel witnesses to attend and testify before it upon any matter concerning the fund and to allow fees not in excess of $6 to any witness for attendance upon any one day. The president and othe…

(40 ILCS 5/5-194) (from Ch. 108 1/2, par. 5-194) Sec. 5-194. To appoint employees. To appoint such actuarial, medical, legal, clerical or other employees as may be necessary. Beginning July 1, 1988, the board shall develop procedures for obtaining, by contract or employment, any …

(40 ILCS 5/5-194.1) (from Ch. 108 1/2, par. 5-194.1) Sec. 5-194.1. To have a budget. The board shall adopt an annual budget at its regular January meeting for the current fiscal year. (Source: P.A. 85-964.)

(40 ILCS 5/5-195) (from Ch. 108 1/2, par. 5-195) Sec. 5-195. To make rules. To make rules and regulations necessary for the administration of the fund. (Source: Laws 1963, p. 161.)

(40 ILCS 5/5-196) (from Ch. 108 1/2, par. 5-196) Sec. 5-196. Moneys which may be held on deposit. To pay annuities and benefits the Board may at all times keep uninvested a sum not in excess of the amount required for such payments for a period not exceeding 60 days. Such sum sha…

(40 ILCS 5/5-197) (from Ch. 108 1/2, par. 5-197) Sec. 5-197. 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 re…