Chapter 40 — PENSIONS

(40 ILCS 5/17-142) (from Ch. 108 1/2, par. 17-142) Sec. 17-142. To make payments. To make payments from the Fund of pensions and other benefits provided in this Article. (Source: P.A. 90-566, eff. 1-2-98.)

(40 ILCS 5/17-142.1) (from Ch. 108 1/2, par. 17-142.1) Sec. 17-142.1. To defray health insurance costs. To provide for the partial reimbursement of health insurance costs. (1) On the first day of September of each year, beginning in 1988, the Board may, by separate warrant, pay t…

(40 ILCS 5/17-143) (from Ch. 108 1/2, par. 17-143) Sec. 17-143. To employ assistance. To employ such assistance and service as may be necessary for the proper administration of this Article and carrying into effect the by-laws and rules adopted by it. (Source: Laws 1963, p. 161.)…

(40 ILCS 5/17-143.1) (from Ch. 108 1/2, par. 17-143.1) Sec. 17-143.1. Office. To rent, lease, or acquire office space as may be necessary for the proper administration of the Fund. (Source: P.A. 90-566, eff. 1-2-98.)

(40 ILCS 5/17-143.5) Sec. 17-143.5. Testimony and the production of records. The Board shall have the power to issue subpoenas to compel the attendance of witnesses and the production of documents and records in conjunction with the determination of employer payments required und…

(40 ILCS 5/17-144) (from Ch. 108 1/2, par. 17-144) Sec. 17-144. To fill vacancies. To fill any vacancies occurring in the Board of members elected from the teachers or pensioners, until the next annual election, when the vacancies shall be filled as provided by this Article. (Sou…

(40 ILCS 5/17-145) (from Ch. 108 1/2, par. 17-145) Sec. 17-145. To adopt rules. To adopt such by-laws and rules for the administration of the Fund as it deems advisable. (Source: P.A. 90-566, eff. 1-2-98.)

(40 ILCS 5/17-146) (from Ch. 108 1/2, par. 17-146) Sec. 17-146. To make investments. To invest the moneys of the Fund, subject to the requirements and restrictions set forth in this Article and in Sections 1-109, 1-109.1, 1-109.2, 1-110, 1-111, 1-114 and 1-115. No bank or savings…

(40 ILCS 5/17-146.1) (from Ch. 108 1/2, par. 17-146.1) Sec. 17-146.1. Participation in commingled investment funds; transfer of investment functions and securities. (a) The Board may invest in any commingled investment fund or funds established and maintained by the Illinois Stat…

(40 ILCS 5/17-146.2) (from Ch. 108 1/2, par. 17-146.2) Sec. 17-146.2. To lend securities. The Board may lend securities owned by the Fund to a borrower upon such written terms and conditions as may be mutually agreed. The agreement shall provide that during the period of the loan…

(40 ILCS 5/17-147) (from Ch. 108 1/2, par. 17-147) Sec. 17-147. Custody of Fund; bonds; legal proceedings. The city treasurer, ex officio, shall be the custodian of the Fund, and shall secure and safely keep it, subject to the control and direction of the Board. The city treasure…

(40 ILCS 5/17-148) (from Ch. 108 1/2, par. 17-148) Sec. 17-148. Method of paying pensions. Annual pensions and automatic annual increases shall be paid in 12 monthly installments and shall be so adjusted that all monthly payments are the same. This shall apply also to automatic i…

(40 ILCS 5/17-149) (from Ch. 108 1/2, par. 17-149) Sec. 17-149. Cancellation of pensions. (a) If any person receiving a disability retirement pension from the Fund is re-employed as a teacher by an Employer, the pension shall be cancelled on the date the re-employment begins, or …

(40 ILCS 5/17-149.1) (from Ch. 108 1/2, par. 17-149.1) Sec. 17-149.1. Felony conviction. None of the benefits provided for 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 or her service as a teache…

(40 ILCS 5/17-150) (from Ch. 108 1/2, par. 17-150) Sec. 17-150. Suspension of pensions. Until July 1, 2000, pension payments, exclusive of those made to the survivors of persons who were contributors, shall be suspended while the recipient is employed in a teaching capacity, outs…

(40 ILCS 5/17-151) (from Ch. 108 1/2, par. 17-151) Sec. 17-151. Annuities, etc. - Exempt. All pensions, annuities, refunds, or death benefits granted under the provisions of this Article are exempt from State and municipal taxes and are exempt from attachment or garnishment proce…

(40 ILCS 5/17-151.1) Sec. 17-151.1. Recovery of amount paid in error. (a) The Board may retain out of any annuity or benefit payable to any person any amount that the Board determines is owing to the Fund because (i) required employee contributions were not made in whole or in pa…

(40 ILCS 5/17-152) (from Ch. 108 1/2, par. 17-152) Sec. 17-152. Retirement Systems Reciprocal Act. The "Retirement Systems Reciprocal Act", being Article 20 of this Code, as now enacted and hereafter amended, is hereby adopted and made a part of this Article. (Source: Laws 1963, …

(40 ILCS 5/17-153) (from Ch. 108 1/2, par. 17-153) Sec. 17-153. Accounting - Audits. The assets of the Fund shall be held for the express purposes set forth in the provisions of this Article subject to the conditions prescribed herein. An adequate system of accounts and records s…

(40 ILCS 5/17-154) (from Ch. 108 1/2, par. 17-154) Sec. 17-154. Retired teachers supplementary payments. All persons who were on June 30, 1975, entitled to a service retirement pension or disability retirement pension, under this Fund or any fund of which this Fund is a continuat…

(40 ILCS 5/17-155) (from Ch. 108 1/2, par. 17-155) Sec. 17-155. Retired teachers' contributions for supplementary payments. Supplementary payment to retired teachers under Section 17-154 shall not accrue until such retired person has paid a total additional contribution of $5 per…

(40 ILCS 5/17-156) (from Ch. 108 1/2, par. 17-156) Sec. 17-156. Retired Teachers Supplementary Payment Fund.) A fund to be known as the Retired Teachers Supplementary Payment Fund shall be established for the purpose of making the supplementary payments for service and disability…

(40 ILCS 5/17-156.1) (from Ch. 108 1/2, par. 17-156.1) Sec. 17-156.1. Increases to retired members. A teacher who retired prior to September 1, 1959 on service retirement pension who was at least 55 years of age at date of retirement and had at least 20 years of validated service…

(40 ILCS 5/17-156.2) (from Ch. 108 1/2, par. 17-156.2) Sec. 17-156.2. Increases to retired members. Any teacher who retired prior to September 1, 1959 on a service retirement pension at age 55 or over with at least 15 years of validated service, or while under age 55 with at leas…

(40 ILCS 5/17-156.3) (from Ch. 108 1/2, par. 17-156.3) Sec. 17-156.3. Minimum retirement pension. (a) Beginning January 1, 1987, any person who is receiving a monthly retirement pension under this Article which, after inclusion of (1) all one-time and automatic annual increases t…

(40 ILCS 5/17-157) (from Ch. 108 1/2, par. 17-157) Sec. 17-157. Effect of amendments. Whenever an amendment which is, has been or may be enacted, proposes liberalizing changes in qualifying conditions or increases in benefits, the amendment shall be applicable only to persons who…

(40 ILCS 5/17-158) (from Ch. 108 1/2, par. 17-158) Sec. 17-158. 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 5/17-159) (from Ch. 108 1/2, par. 17-159) Sec. 17-159. 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 5/18-101) (from Ch. 108 1/2, par. 18-101) Sec. 18-101. Creation of fund. A retirement system is created to be known as the "Judges Retirement System of Illinois". It shall be a trust separate and distinct from all other entities, maintained for the purpose of securing th…

(40 ILCS 5/18-102) (from Ch. 108 1/2, par. 18-102) Sec. 18-102. Purpose. The purpose of the system is to establish an efficient method of permitting retirement, without hardship or prejudice, of judges who are aged or otherwise incapacitated, by enabling them to accumulate reserv…

(40 ILCS 5/18-103) (from Ch. 108 1/2, par. 18-103) Sec. 18-103. Terms defined. The terms used in this Article shall have the meanings ascribed to them in Sections 18-104 through 18-118, except when the context otherwise requires. (Source: P.A. 83-1440.)

(40 ILCS 5/18-104) (from Ch. 108 1/2, par. 18-104) Sec. 18-104. Effective date. "Effective date": July 1, 1941. (Source: Laws 1963, p. 161.)

(40 ILCS 5/18-105) (from Ch. 108 1/2, par. 18-105) Sec. 18-105. System. "System": The Judges Retirement System of Illinois. (Source: Laws 1963, p. 161.)

(40 ILCS 5/18-106) (from Ch. 108 1/2, par. 18-106) Sec. 18-106. Board. "Board": The Board of Trustees of the Judges Retirement System of Illinois. (Source: Laws 1963, p. 161.)

(40 ILCS 5/18-107) (from Ch. 108 1/2, par. 18-107) Sec. 18-107. Employer. "Employer": The State, and any county as authorized by law, certifying payments of salary for, or paying salary to, any judge of the Supreme Court, Appellate Court and Circuit Court. (Source: P.A. 83-1440.)…

(40 ILCS 5/18-108) (from Ch. 108 1/2, par. 18-108) Sec. 18-108. Judge. "Judge": Any person who receives payment for personal services as a judge or associate judge of a court; and any person, previously a participant, who receives payment for personal services as the administrati…

(40 ILCS 5/18-109) (from Ch. 108 1/2, par. 18-109) Sec. 18-109. Eligible judge. "Eligible judge": Any judge except one who has elected not to participate in this system. (Source: P.A. 83-1440.)

(40 ILCS 5/18-110) (from Ch. 108 1/2, par. 18-110) Sec. 18-110. Participant. "Participant": Any judge participating in this system as specified in Sections 18-120 and 18-121. (Source: P.A. 83-1440.)

(40 ILCS 5/18-111) (from Ch. 108 1/2, par. 18-111) Sec. 18-111. Salary. "Salary": The total compensation paid for personal services as a judge, by the State, or by the State and a county as authorized by law. However, in the event that federal law results in any judge receiving i…

(40 ILCS 5/18-112) (from Ch. 108 1/2, par. 18-112) (Text of Section before amendment by P.A. 104-457) Sec. 18-112. Service. "Service": The period beginning on the day a person first became a judge, whether prior or subsequent to the effective date, and ending on the date under co…

(40 ILCS 5/18-112.1) (from Ch. 108 1/2, par. 18-112.1) Sec. 18-112.1. (a) An active member of the General Assembly Retirement System may apply for transfer of his or her credits and creditable service under this system to the General Assembly Retirement System. Payment by this sy…

(40 ILCS 5/18-112.2) (from Ch. 108 1/2, par. 18-112.2) Sec. 18-112.2. 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 the pension f…

(40 ILCS 5/18-112.3) (from Ch. 108 1/2, par. 18-112.3) Sec. 18-112.3. (a) Persons otherwise required or eligible to participate in this System who elect to continue participation in the General Assembly System under Section 2-117.1 may not participate in this System for the durat…

(40 ILCS 5/18-112.4) (from Ch. 108 1/2, par. 18-112.4) Sec. 18-112.4. Service credit for elected or appointed village official. An active participant in this System who has at least 6 years of service as a judge and as a participant of this System on August 23, 1989, and who has …

(40 ILCS 5/18-112.5) (from Ch. 108 1/2, par. 18-112.5) Sec. 18-112.5. Payments and Rollovers. (a) The Board may adopt rules prescribing the manner of repaying refunds and purchasing any optional credits permitted under this Article. The rules may prescribe the manner of calculati…

(40 ILCS 5/18-112.6) Sec. 18-112.6. Service credit for member of educational board. Until July 1, 1998, an active participant in this System who has at least 6 years of service as a judge may establish up to 2 years of service credit in this System for a period during which the p…

(40 ILCS 5/18-113) (from Ch. 108 1/2, par. 18-113) Sec. 18-113. Annuity. "Annuity": A series of monthly payments payable at the end of each calendar month during the life of an annuitant or as otherwise provided in this Article. The first payment shall be prorated for any fractio…

(40 ILCS 5/18-114) (from Ch. 108 1/2, par. 18-114) Sec. 18-114. Annuitant. "Annuitant": A person receiving a retirement annuity or survivor's annuity. (Source: P.A. 83-1440.)

(40 ILCS 5/18-115) (from Ch. 108 1/2, par. 18-115) Sec. 18-115. Beneficiary. "Beneficiary": A surviving spouse or children eligible for an annuity; or, if no eligible surviving spouse or children survives, the person or persons designated by the participant or annuitant in the la…

(40 ILCS 5/18-116) (from Ch. 108 1/2, par. 18-116) Sec. 18-116. Actuarial tables. "Actuarial tables": Such tabular listings of assumed rates of death, disability, retirement and withdrawal from service and mathematical functions derived from such rates combined with an assumed ra…