Chapter 40, PENSIONS

(40 ILCS 5/8-206) (from Ch. 108 1/2, par. 8-206) Sec. 8-206. To submit an annual report. To submit a report in June of each year to the city council of the city as of the close of business on December 31st of the preceding year. The report shall contain a detailed statement of th…

(40 ILCS 5/8-207) (from Ch. 108 1/2, par. 8-207) Sec. 8-207. To subpoena witnesses. To compel witnesses to attend and testify before it upon any matter concerning the fund and allow witness fees not in excess of $6 for attendance upon any one day. The president and other members …

(40 ILCS 5/8-207.1) Sec. 8-207.1. To reproduce records. To have any records kept by the board photographed, microfilmed, or digitally or electronically reproduced in accordance with the Local Records Act. The photographs, microfilm, and digital and electronic reproductions shall …

(40 ILCS 5/8-208) (from Ch. 108 1/2, par. 8-208) Sec. 8-208. To appoint employees. To appoint such actuarial, medical, legal, clerical or other employees as are necessary and fix their compensation. The board shall develop procedures for obtaining, by contract or employment, any …

(40 ILCS 5/8-209) (from Ch. 108 1/2, par. 8-209) Sec. 8-209. To make rules. To make rules and regulations necessary for the administration of the fund. (Source: Laws 1963, p. 161.)

(40 ILCS 5/8-210) (from Ch. 108 1/2, par. 8-210) Sec. 8-210. Moneys to be held on deposit. To make the payments authorized by this Article, the board may keep and hold uninvested a sum not in excess of the amounts required to make such payments estimated to be due in the followin…

(40 ILCS 5/8-211) (from Ch. 108 1/2, par. 8-211) Sec. 8-211. 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…

(40 ILCS 5/8-212) (from Ch. 108 1/2, par. 8-212) Sec. 8-212. Expense reserve. Amounts contributed by the city to defray the cost of administration of the fund shall be credited to this reserve. Expenses of administration shall be charged to it. (Source: Laws 1963, p. 161.)…

(40 ILCS 5/8-213) (from Ch. 108 1/2, par. 8-213) Sec. 8-213. City contribution reserve. Amounts contributed by the city for age and service annuity, widow's annuity and supplemental annuity (except those in lieu of deductions from the salary contributed of an employee who receive…

(40 ILCS 5/8-214) (from Ch. 108 1/2, par. 8-214) Sec. 8-214. Employee's contribution reserve. Amounts deducted from employee's salaries for age and service annuity and widow's annuity, or otherwise contributed by employees, amounts contributed by the city for such annuities for a…

(40 ILCS 5/8-215) (from Ch. 108 1/2, par. 8-215) Sec. 8-215. Annuity payment reserve. Amounts transferred from the city contribution reserve and the employee's contribution reserve for annuities which have been fixed, amounts deducted from an employee's salary after the age and s…

(40 ILCS 5/8-216) (from Ch. 108 1/2, par. 8-216) Sec. 8-216. Prior service annuity reserve. Amounts contributed by the city for prior service annuity, widow's prior service annuity and minimum annuities, shall be credited to this reserve. All assets of any Municipal Pension Fund …

(40 ILCS 5/8-217) (from Ch. 108 1/2, par. 8-217) Sec. 8-217. Child's annuity reserve. Amounts contributed by the city for child's annuity shall be credited to this reserve and such annuities shall be charged to it. (Source: Laws 1963, p. 161.)

(40 ILCS 5/8-218) (from Ch. 108 1/2, par. 8-218) Sec. 8-218. Duty disability reserve. Amounts contributed by the city for duty disability benefits and child's disability benefits, and amounts contributed by the city for compensation annuity shall be credited to this reserve. Such…

(40 ILCS 5/8-219) (from Ch. 108 1/2, par. 8-219) Sec. 8-219. Ordinary disability reserve. Amounts contributed by the city for ordinary disability benefits shall be credited to this reserve and such benefits shall be charged to it. (Source: Laws 1963, p. 161.)

(40 ILCS 5/8-220) (from Ch. 108 1/2, par. 8-220) Sec. 8-220. Gift reserve. Money or property received by the board for any purpose, under other laws, or as gifts, grants, or bequests, or in any manner other than provided in any section of this Article shall be credited to this re…

(40 ILCS 5/8-221) (from Ch. 108 1/2, par. 8-221) Sec. 8-221. Investment and interest reserve. (1) Gains from investments and interest earnings shall be credited to this reserve. Losses from investments shall be charged to it. From this reserve shall be transferred amounts due in …

(40 ILCS 5/8-222) (from Ch. 108 1/2, par. 8-222) Sec. 8-222. Deficiencies in reserves. If the balance in the expense reserve, the prior service annuity reserve, the child's annuity reserve, the duty disability reserve or the ordinary disability reserve, either of these, is not su…

(40 ILCS 5/8-223) (from Ch. 108 1/2, par. 8-223) Sec. 8-223. Treasurer of fund. The city treasurer shall be ex-officio the treasurer and custodian of the fund and shall furnish to the board a bond of such amount as the board designates, which shall indemnify the board against any…

(40 ILCS 5/8-224) (from Ch. 108 1/2, par. 8-224) Sec. 8-224. Attorney. The chief legal officer of the city shall be the legal advisor of and attorney for the board. (Source: Laws 1963, p. 161.)

(40 ILCS 5/8-225) (from Ch. 108 1/2, par. 8-225) Sec. 8-225. Computation of term of service, annual salary, salary deductions, and actual compensation. For the purpose of this Article, term of service, annual salary, salary deductions and actual compensation shall be computed as …

(40 ILCS 5/8-226) (from Ch. 108 1/2, par. 8-226) Sec. 8-226. Computation of service. In computing the term of service of an employee prior to the effective date, the entire period beginning on the date he was first appointed and ending on the day before the effective date, except…

(40 ILCS 5/8-226.1) (from Ch. 108 1/2, par. 8-226.1) Sec. 8-226.1. (a) Any active member of the General Assembly Retirement System may apply for transfer of his credits and creditable service accumulated under this Fund to the General Assembly System. Such credits and creditable …

(40 ILCS 5/8-226.2) (from Ch. 108 1/2, par. 8-226.2) Sec. 8-226.2. 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 5/8-226.3) (from Ch. 108 1/2, par. 8-226.3) Sec. 8-226.3. (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 5/8-226.4) (from Ch. 108 1/2, par. 8-226.4) Sec. 8-226.4. Transfer of creditable service to Article 9 or 13 fund. (a) Any county officer elected by vote of the people (and until March 1, 1993 any other person in accordance with Section 9-121.11) who is a participant in a…

(40 ILCS 5/8-226.5) (from Ch. 108 1/2, par. 8-226.5) Sec. 8-226.5. 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 of …

(40 ILCS 5/8-226.6) (from Ch. 108 1/2, par. 8-226.6) Sec. 8-226.6. Transfer to Article 18 system. Any active member of the Judges Retirement System who is eligible to transfer service credit to that System from this Fund under subsection (g) of Section 18-112 may apply for transf…

(40 ILCS 5/8-226.7) Sec. 8-226.7. Transfer to Article 7. Until 6 months after the effective date of this amendatory Act of the 95th General Assembly, any member who is a sheriff's law enforcement employee under Article 7 of this Code who is eligible to transfer service credit to …

(40 ILCS 5/8-227) (from Ch. 108 1/2, par. 8-227) Sec. 8-227. Service as police officer, firefighter or teacher. (a) Service rendered by an employee as a police officer and member of the regularly constituted police department of the city, or as a firefighter and regular member of…

(40 ILCS 5/8-228) (from Ch. 108 1/2, par. 8-228) Sec. 8-228. Transfers within service. Whenever an employee is transferred or assigned from one position in the service of the employer to another position in such service, he shall not be involuntarily removed from membership in th…

(40 ILCS 5/8-228.5) Sec. 8-228.5. Action by Fund against third party; subrogation. In those cases where the injury or death for which a disability or death benefit is payable under this Article was caused under circumstances creating a legal liability on the part of some person o…

(40 ILCS 5/8-229) (from Ch. 108 1/2, par. 8-229) Sec. 8-229. Salary of employees on leave of absence. The salary of an employee on leave of absence from a position held by certification and appointment as a result of competitive civil service or career service examination for not…

(40 ILCS 5/8-230) (from Ch. 108 1/2, par. 8-230) Sec. 8-230. Right of employee to contribute for all periods of service. An employee may contribute to the fund for all periods of service (including periods served in the armed forces of the United States if he left the service of …

(40 ILCS 5/8-230.1) (from Ch. 108 1/2, par. 8-230.1) Sec. 8-230.1. Right of employees to contribute for certain other service. Any employee in the service, after having made contributions covering a period of 10 or more years to the annuity and benefit fund herein provided for, m…

(40 ILCS 5/8-230.10) Sec. 8-230.10. Service rendered to IHDA. An employee with at least 10 years of creditable service in the Fund may establish service credit for up to 7 years of full-time employment by the Illinois Housing Development Authority for which the employee does not …

(40 ILCS 5/8-230.2) (from Ch. 108 1/2, par. 8-230.2) Sec. 8-230.2. Right of employees to contribute for service rendered to Land Clearance Commission. An employee may contribute to the fund for, and receive credit for, all periods of service rendered to the Land Clearance Commiss…

(40 ILCS 5/8-230.3) (from Ch. 108 1/2, par. 8-230.3) Sec. 8-230.3. Establishment and restoration of service credit. (a) Beginning on the effective date of this amendatory Act of 1991, an employee who is still in service and is eligible to establish optional service credit under t…

(40 ILCS 5/8-230.4) Sec. 8-230.4. Certain Department of Public Health employees. (a) This Section applies only to persons who were employed at any time during the period July 13 through December 31, 1993, by the City of Chicago Department of Public Health in connection with clini…

(40 ILCS 5/8-230.5) Sec. 8-230.5. Former Chicago Police Department Crime Laboratory Division employees. (a) This Section applies only to persons who were employed at any time between June 30, 1995 and the takeover date (as defined in Section 14-108.2b) by the Chicago Police Depar…

(40 ILCS 5/8-230.6) Sec. 8-230.6. Payments and rollovers. (a) The Board may adopt rules prescribing the manner of repaying refunds and purchasing any other credits permitted under this Article. The rules may prescribe the manner of calculating interest when payments or repayments…

(40 ILCS 5/8-230.7) Sec. 8-230.7. Service rendered to Public Building Commission. (a) An employee or former employee of the Public Building Commission of the city who has established credit under the Fund with regard to service to an employer other than the Public Building Commis…

(40 ILCS 5/8-230.9) Sec. 8-230.9. Service rendered to Chicago Housing Authority. (a) Within 60 days after beginning full-time employment with the Chicago Housing Authority (or within 60 days after the effective date of this amendatory Act of the 92nd General Assembly, whichever i…

(40 ILCS 5/8-231) (from Ch. 108 1/2, par. 8-231) Sec. 8-231. Employee who becomes participant in another fund. Any participant in the fund who becomes a participant in any other annuity and benefit fund, annuity and retirement fund or any pension fund now or hereafter in operatio…

(40 ILCS 5/8-232) (from Ch. 108 1/2, par. 8-232) Sec. 8-232. Basis of service credit. (a) In computing the period of service of any employee for the minimum annuity under Section 8-138, the following provisions shall govern: (1) All periods prior to the effective date shall be co…

(40 ILCS 5/8-233) (from Ch. 108 1/2, par. 8-233) Sec. 8-233. Basis of annual salary. For the purpose of this Article, the annual salary of an employee whose salary or wage is appropriated, fixed, or arranged in the annual appropriation ordinance upon other than an annual basis sh…

(40 ILCS 5/8-234) (from Ch. 108 1/2, par. 8-234) Sec. 8-234. Basis of salary deduction. The total of salary deductions for employee contributions for annuity purposes to be considered for any 1 calendar year shall not exceed that produced by the application of the proper salary d…

(40 ILCS 5/8-235) (from Ch. 108 1/2, par. 8-235) Sec. 8-235. Basis of actual compensation. "Actual Compensation" of any employee whose actual compensation (as defined herein) is arranged upon other than a yearly basis shall be determined by the following schedule: Monthly basis:-…

(40 ILCS 5/8-236) (from Ch. 108 1/2, par. 8-236) Sec. 8-236. Retirement Systems Reciprocal Act. The "Retirement Systems Reciprocal Act", being Article 20 of this Code as now enacted or hereafter amended, is hereby adopted and made a part of this Article; provided, that where ther…

(40 ILCS 5/8-237) (from Ch. 108 1/2, par. 8-237) Sec. 8-237. Employees in territory annexed. Whenever territory is annexed to the city, any person then employed as a municipal employee in the annexed territory, who shall be employed by the city on the date of the annexation shall…