Chapter 40, PENSIONS

(40 ILCS 5/7-139.10) Sec. 7-139.10. Transfer to Article 4 pension fund. A person who has elected under Section 4-108.4 to become an active participant in a firefighter pension fund established under Article 4 of this Code may apply for transfer to that Article 4 fund of his or he…

(40 ILCS 5/7-139.12) Sec. 7-139.12. Transfer of creditable service to Article 14. A person employed by the Chicago Metropolitan Agency for Planning (formerly the Regional Planning Board) on the effective date of this Section who was a member of the State Employees' Retirement Sys…

(40 ILCS 5/7-139.14) (Text of Section from P.A. 102-857) Sec. 7-139.14. Transfer to Article 3 pension fund. (a) Within 6 months after July 23, 2021 (the effective date of Public Act 102-113), an active member of a pension fund established under Article 3 of this Code may apply fo…

(40 ILCS 5/7-139.1a) Sec. 7-139.1a. Transfer from Article 3. (a) On and after July 1, 2022 but no later than January 1, 2023, a participating sheriff's law enforcement employee may elect to transfer up to 10 years of service credit to the Fund as set forth in Section 3-110.14. To…

(40 ILCS 5/7-139.2) (from Ch. 108 1/2, par. 7-139.2) Sec. 7-139.2. Validation of service credits. An active member of the General Assembly having no service credits or creditable service in the Fund, may establish service credit and creditable service for periods during which he …

(40 ILCS 5/7-139.3) (from Ch. 108 1/2, par. 7-139.3) Sec. 7-139.3. Validation of service credits. An active member of the General Assembly having no service credits or creditable service in the Fund may establish service credit and creditable service for periods during which he h…

(40 ILCS 5/7-139.4) (from Ch. 108 1/2, par. 7-139.4) Sec. 7-139.4. Termination of participation as an employee. Any participating employee who is an active member of the General Assembly on or after November 20, 1979 may, upon written application to the Board within 90 days of th…

(40 ILCS 5/7-139.5) (from Ch. 108 1/2, par. 7-139.5) Sec. 7-139.5. (a) Persons otherwise required or eligible to participate in the Fund who elect to continue participation in the General Assembly System under Section 2-117.1 may not participate in the Fund for the duration of su…

(40 ILCS 5/7-139.6) (from Ch. 108 1/2, par. 7-139.6) Sec. 7-139.6. Transfer of creditable service to Article 8, 9 or 13 fund. (a) Any city officer as defined in Section 8-243.2 of this Code, any county officer elected by vote of the people who is a participant in a pension fund e…

(40 ILCS 5/7-139.8) (from Ch. 108 1/2, par. 7-139.8) Sec. 7-139.8. Transfer to Article 14 System. (a) Any active member of the State Employees' Retirement System who is a State policeman, an investigator for the Secretary of State, a conservation police officer, an investigator f…

(40 ILCS 5/7-141) (from Ch. 108 1/2, par. 7-141) (Text of Section before amendment by P.A. 104-634) Sec. 7-141. Retirement annuities; conditions. Retirement annuities shall be payable as hereinafter set forth: (a) A participating employee who, regardless of cause, is separated fr…

(40 ILCS 5/7-141.1) Sec. 7-141.1. Early retirement incentive. (a) The General Assembly finds and declares that: (1) Units of local government across the State have been functioning under a financial crisis. (2) This financial crisis is expected to continue. (3) Units of local gov…

(40 ILCS 5/7-142) (from Ch. 108 1/2, par. 7-142) Sec. 7-142. Retirement annuities - Amount. (a) The amount of a retirement annuity shall be the sum of the following, determined in accordance with the actuarial tables in effect at the time of the grant of the annuity: 1. For Tier …

(40 ILCS 5/7-142.1) (from Ch. 108 1/2, par. 7-142.1) Sec. 7-142.1. Sheriff's law enforcement employees. (a) In lieu of the retirement annuity provided by subparagraph 1 of paragraph (a) of Section 7-142: Any sheriff's law enforcement employee who has 20 or more years of service i…

(40 ILCS 5/7-143) (from Ch. 108 1/2, par. 7-143) Sec. 7-143. Retirement annuities-Reduction. If the participating employee elects a reversionary annuity in accordance with Section 7-145, his retirement annuity shall be reduced by an amount equal to the annuity which could be prov…

(40 ILCS 5/7-144) (from Ch. 108 1/2, par. 7-144) Sec. 7-144. Retirement annuities; suspended during employment. (a) If any person receiving any annuity again becomes an employee and receives earnings from employment in a position requiring him, or entitling him to elect, to becom…

(40 ILCS 5/7-144.2) (from Ch. 108 1/2, par. 7-144.2) Sec. 7-144.2. Incremental retirement annuity. Each employee annuitant who terminated service prior to the effective date of this amendatory Act of 1971 is entitled to receive a monthly incremental retirement annuity, effective …

(40 ILCS 5/7-144.3) (from Ch. 108 1/2, par. 7-144.3) Sec. 7-144.3. Supplemental benefit payment. (a) A supplemental benefit payment, consisting of a sum calculated as provided in subsection (c), shall be payable to each eligible retirement annuitant and surviving spouse annuitant…

(40 ILCS 5/7-145) (from Ch. 108 1/2, par. 7-145) Sec. 7-145. Reversionary annuities. (a) An employee entitled to a retirement annuity may elect to provide a reversionary annuity for a beneficiary if: 1. Under the provisions of paragraph (a) 1 of Section 7-142 he is entitled to an…

(40 ILCS 5/7-145.1) Sec. 7-145.1. Alternative annuity for county officers. (a) The benefits provided in this Section and Section 7-145.2 are available only if, prior to the effective date of this amendatory Act of the 97th General Assembly, the county board has filed with the Boa…

(40 ILCS 5/7-145.2) Sec. 7-145.2. Alternative survivor's benefits for survivors of county officers. In lieu of the survivor's benefits otherwise payable under this Article, the spouse or eligible child of any deceased elected county officer who (1) had elected to participate in t…

(40 ILCS 5/7-146) (from Ch. 108 1/2, par. 7-146) Sec. 7-146. Temporary disability benefits - Eligibility. Temporary disability benefits shall be payable to participating employees as hereinafter provided. (a) The participating employee shall be considered temporarily disabled if:…

(40 ILCS 5/7-147) (from Ch. 108 1/2, par. 7-147) Sec. 7-147. Temporary disability benefits - Commencement and duration. Temporary disability benefits shall be payable: (a) Upon receipt by the fund of a written application therefor. The effective date may be not more than 6 months…

(40 ILCS 5/7-149) (from Ch. 108 1/2, par. 7-149) Sec. 7-149. Temporary disability benefits-Periodic checks. The Board shall conduct periodic checks to determine if any participating employee is disabled. Such checks may consist of periodic examinations by a physician or physician…

(40 ILCS 5/7-150) (from Ch. 108 1/2, par. 7-150) Sec. 7-150. Total and permanent disability benefits - Eligibility. Total and permanent disability benefits shall be payable to participating employees as hereinafter provided, including those employees receiving disability benefit …

(40 ILCS 5/7-151) (from Ch. 108 1/2, par. 7-151) Sec. 7-151. Total and permanent disability benefits - Commencement and duration. Permanent disability benefits shall be payable: (a) As of the date temporary disability benefits are exhausted; (b) Once a month as of the end of each…

(40 ILCS 5/7-152) (from Ch. 108 1/2, par. 7-152) Sec. 7-152. Disability benefits - Amount. The amount of the monthly temporary and total and permanent disability benefits shall be 50% of the participating employee's final rate of earnings on the date disability was incurred, subj…

(40 ILCS 5/7-153) (from Ch. 108 1/2, par. 7-153) Sec. 7-153. Total and permanent disability benefits; periodic checks. The board shall conduct periodic checks to determine if participating employees who are drawing a total permanent disability benefit remain totally and permanent…

(40 ILCS 5/7-154) (from Ch. 108 1/2, par. 7-154) Sec. 7-154. Surviving spouse annuities - Eligibility. (a) A surviving spouse annuity shall be payable to the eligible surviving spouse of a participating employee, an employee annuitant, or a person who on the date of death would h…

(40 ILCS 5/7-155) (from Ch. 108 1/2, par. 7-155) Sec. 7-155. Surviving spouse annuities-commencement. (a) A surviving spouse annuity shall begin on the 1st day of the month next following the month in which the participating employee, or the employee annuitant or such person enti…

(40 ILCS 5/7-156) (from Ch. 108 1/2, par. 7-156) Sec. 7-156. Surviving spouse annuities - amount. (a) The amount of surviving spouse annuity shall be: 1. Upon the death of an employee annuitant or such person entitled, upon application, to a retirement annuity at date of death, (…

(40 ILCS 5/7-157) (from Ch. 108 1/2, par. 7-157) Sec. 7-157. Surviving spouse annuities - marriage to terminate. If a surviving spouse annuitant marries before reaching age 55, the annuity shall be terminated as of the end of the calendar month following the month in which the ma…

(40 ILCS 5/7-158) (from Ch. 108 1/2, par. 7-158) (Text of Section before amendment by P.A. 104-810) Sec. 7-158. Surviving spouse annuities - Options. In lieu of the surviving spouse annuity an eligible surviving spouse shall have the option of receiving other benefits as follows:…

(40 ILCS 5/7-159) (from Ch. 108 1/2, par. 7-159) Sec. 7-159. Surviving spouse annuity - refund of survivor credits. (a) Any employee annuitant who (1) upon the date a retirement annuity begins is not then married, or (2) is married to a person who would not qualify for surviving …

(40 ILCS 5/7-160) (from Ch. 108 1/2, par. 7-160) Sec. 7-160. Child annuities-eligibility. Child annuities shall be payable to each child of an employee annuitant who dies with no surviving spouse and whose spouse would have been eligible to receive a surviving spouse annuity, and…

(40 ILCS 5/7-161) (from Ch. 108 1/2, par. 7-161) Sec. 7-161. Child annuities-commencement. A child annuity shall begin upon proper application therefor, on the first day of the month following the month in which the survivor of his parents has died, and shall continue until death…

(40 ILCS 5/7-162) (from Ch. 108 1/2, par. 7-162) Sec. 7-162. Child annuities-amount. The amount of child annuities shall be: 1. The aggregate of all child annuities in an amount equal to the surviving spouse annuity which the spouse of the employee was receiving, or eligible to r…

(40 ILCS 5/7-163) (from Ch. 108 1/2, par. 7-163) Sec. 7-163. Death benefits-eligibility. Death benefits shall be payable as hereinafter set forth: 1. To the beneficiary defined in Section 7-118; 2. A death benefit shall be paid to the beneficiary as soon as practicable after rece…

(40 ILCS 5/7-164) (from Ch. 108 1/2, par. 7-164) (Text of Section before amendment by P.A. 104-810) Sec. 7-164. Death benefits - Amount. The amount of the death benefit shall be: 1. Upon the death of an employee with at least one year of service occurring while in an employment r…

(40 ILCS 5/7-165) (from Ch. 108 1/2, par. 7-165) Sec. 7-165. Beneficiary annuities. (a) The beneficiary entitled to a death benefit under paragraph 1, 2 or 3 of Section 7-164 may elect to receive the benefit in the form of an annuity for life, if the death benefit will provide an…

(40 ILCS 5/7-166) (from Ch. 108 1/2, par. 7-166) (Text of Section before amendment by P.A. 104-634) Sec. 7-166. Separation benefits - eligibility. Separation benefits shall be payable as hereinafter set forth: 1. Upon separation from the service of all participating municipalitie…

(40 ILCS 5/7-167) (from Ch. 108 1/2, par. 7-167) Sec. 7-167. Separation benefits - Payment. Separation benefits shall be paid in the form of a single cash sum as soon as practicable after receipt by the board of: 1. a written application by the employee for such benefits; and 2. …

(40 ILCS 5/7-168) (from Ch. 108 1/2, par. 7-168) Sec. 7-168. Separation benefits - Amount. The amount of the separation benefits shall be the sum of the employee's accumulated normal, survivor and additional contributions. (Source: P.A. 87-740.)

(40 ILCS 5/7-169) (from Ch. 108 1/2, par. 7-169) Sec. 7-169. Separation benefits; repayments. (a) If an employee who has received a separation benefit subsequently becomes a participating employee, and renders at least 2 years of contributing service from the date of such re-entr…

(40 ILCS 5/7-169.1) (from Ch. 108 1/2, par. 7-169.1) Sec. 7-169.1. Repayment of refund obtained from superseded funds. An employee who received a refund of deductions from the Illinois Municipal Public Utility Employees' Annuity and Benefit Fund, and subsequently becomes a partic…

(40 ILCS 5/7-170) (from Ch. 108 1/2, par. 7-170) Sec. 7-170. Federal Social Security coverage. (a) It is declared to be the policy and purpose to extend to covered employees as defined in Section 7-138, the benefits of the Federal Old Age and Survivors Insurance System as authori…

(40 ILCS 5/7-171) (from Ch. 108 1/2, par. 7-171) Sec. 7-171. Finance; taxes. (a) Each municipality other than a school district shall appropriate an amount sufficient to provide for the current municipality contributions required by Section 7-172 of this Article, for the fiscal y…

(40 ILCS 5/7-172) (from Ch. 108 1/2, par. 7-172) (Text of Section before amendment by P.A. 104-810) Sec. 7-172. Contributions by participating municipalities and participating instrumentalities. (a) Each participating municipality and each participating instrumentality shall make…

(40 ILCS 5/7-172.1) (from Ch. 108 1/2, par. 7-172.1) Sec. 7-172.1. Actions to enforce payments by municipalities and instrumentalities. (a) If any participating municipality or participating instrumentality fails to transmit to the Fund contributions required of it under this Art…

(40 ILCS 5/7-172.2) (from Ch. 108 1/2, par. 7-172.2) Sec. 7-172.2. In addition to the payments otherwise required by this Article, each participating municipality and each participating instrumentality shall make payment of Social Security contributions and medicare taxes in the …