(40 ILCS 5/Art. 1 heading) ARTICLE 1. GENERAL PROVISIONS: SHORT TITLE, EFFECT OF CODE AND OTHER PROVISIONS (40 ILCS 5/1-101) (from Ch. 108 1/2, par. 1-101) Sec. 1-101. Short title. This Code shall be known and may be cited as the Illinois Pension Code. (Source: Laws 1963, p. 161.) (40 ILCS 5/1-101.1) (from […]
(40 ILCS 5/Art. 10 heading) ARTICLE 10. FOREST PRESERVE DISTRICT EMPLOYEES’ ANNUITY AND BENEFIT FUND (40 ILCS 5/10-101) (from Ch. 108 1/2, par. 10-101) Sec. 10-101. Creation of fund. In forest preserve districts, the boundaries of which are coextensive with the boundaries of a county in which an annuity and benefit fund is created […]
(40 ILCS 5/Art. 11 heading) ARTICLE 11. LABORERS’ AND RETIREMENT BOARD EMPLOYEES’ ANNUITY AND BENEFIT FUND–CITIES OVER 500,000 INHABITANTS (40 ILCS 5/11-101) (from Ch. 108 1/2, par. 11-101) Sec. 11-101. Creation of fund. In each city of more than 500,000 inhabitants a Laborers’ and Retirement Board Employees’ Annuity and Benefit Fund shall be created, […]
(40 ILCS 5/Art. 12 heading) ARTICLE 12. PARK EMPLOYEES’ AND RETIREMENT BOARD EMPLOYEES’ ANNUITY AND BENEFIT FUND–CITIES OVER 500,000 (40 ILCS 5/12-101) (from Ch. 108 1/2, par. 12-101) Sec. 12-101. Creation of fund. In each city of more than 500,000 population, and having a board of park commissioners, under and in pursuance of an […]
(40 ILCS 5/Art. 13 heading) ARTICLE 13. METROPOLITAN WATER RECLAMATION DISTRICT RETIREMENT FUND (Source: P.A. 95-331, eff. 8-21-07.) (40 ILCS 5/Art. 13 Pt. I heading) Part I. General Provisions. (40 ILCS 5/13-101) (from Ch. 108 1/2, par. 13-101) Sec. 13-101. Creation of Fund. In each sanitary district organized under the Metropolitan Water Reclamation […]
(40 ILCS 5/Art. 15 heading) ARTICLE 15. STATE UNIVERSITIES RETIREMENT SYSTEM (40 ILCS 5/15-101) (from Ch. 108 1/2, par. 15-101) Sec. 15-101. Creation of system. A retirement system is created to provide retirement annuities and other benefits for employees, as defined in this Article, and their dependents. The system shall be known and may […]
(40 ILCS 5/Art. 16 heading) ARTICLE 16. TEACHERS’ RETIREMENT SYSTEM OF THE STATE OF ILLINOIS (40 ILCS 5/16-101) (from Ch. 108 1/2, par. 16-101) Sec. 16-101. Creation of system. Effective July 1, 1939, there is created the “Teachers’ Retirement System of the State of Illinois” for the purpose of providing retirement annuities and other […]
(40 ILCS 5/Art. 17 heading) ARTICLE 17. PUBLIC SCHOOL TEACHERS’ PENSION AND RETIREMENT FUND–CITIES OF OVER 500,000 INHABITANTS (40 ILCS 5/17-101) (from Ch. 108 1/2, par. 17-101) Sec. 17-101. Creation of fund. In each city with a population over 500,000, there is created a Public School Teachers’ Pension and Retirement Fund to be maintained […]
(40 ILCS 5/Art. 18 heading) ARTICLE 18. JUDGES RETIREMENT SYSTEM OF ILLINOIS (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 […]
(40 ILCS 5/Art. 19 heading) ARTICLE 19. CLOSED FUNDS (40 ILCS 5/Art. 19 Div. 1 heading) DIVISION 1. HOUSE OF CORRECTION EMPLOYEES’ PENSION FUND (40 ILCS 5/19-101) (from Ch. 108 1/2, par. 19-101) Sec. 19-101. House of correction employees’ pension fund created-“Salary” defined. The board of inspectors of the various houses of correction, […]
(40 ILCS 5/Art. 1A heading) ARTICLE 1A. REGULATION OF PUBLIC PENSION FUNDS (40 ILCS 5/1A-101) Sec. 1A-101. Creation of Public Pension Division. There is created in the Department of Insurance a Public Pension Division which, under the supervision and direction of the Director of Insurance, shall exercise the powers and perform the duties and […]
(40 ILCS 5/Art. 2 heading) ARTICLE 2. GENERAL ASSEMBLY RETIREMENT SYSTEM (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101) Sec. 2-101. Creation of system. A retirement system is created to provide retirement annuities, survivor’s annuities and other benefits for members of the General Assembly, certain elected state officials and their beneficiaries. The system […]
(40 ILCS 5/Art. 20 heading) ARTICLE 20. RETIREMENT SYSTEMS RECIPROCAL ACT (40 ILCS 5/20-101) (from Ch. 108 1/2, par. 20-101) Sec. 20-101. Continuity and preservation of pension credits. There is established a plan for the continuity and preservation of pension credit, in accordance with the provisions hereof, in the case of employees transferring employment […]
(40 ILCS 5/Art. 21 heading) ARTICLE 21. SOCIAL SECURITY ENABLING ACT (40 ILCS 5/21-101) (from Ch. 108 1/2, par. 21-101) Sec. 21-101. Name of Act. This Article shall be known and may be cited as the “Social Security Enabling Act”, and is a continuation of the “Social Security Enabling Act”, approved August 6, 1951, […]
(40 ILCS 5/Art. 22 heading) ARTICLE 22. MISCELLANEOUS COLLATERAL PROVISIONS (40 ILCS 5/Art. 22 Div. 1 heading) DIVISION 1. ADDITIONAL PENSION FUNDS – TRANSIT AUTHORITIES (40 ILCS 5/22-101) (from Ch. 108 1/2, par. 22-101) Sec. 22-101. Retirement Plan for Chicago Transit Authority Employees. (a) There shall be established and maintained by the Authority […]
(40 ILCS 5/Art. 22A heading) ARTICLE 22A. INVESTMENT BOARD (Source: P.A. 98-463, eff. 8-16-13.) (40 ILCS 5/22A-101) (from Ch. 108 1/2, par. 22A-101) Sec. 22A-101. Establishment. The Illinois State Board of Investment is created with authority to manage, invest and reinvest, the reserves, funds, assets, securities and moneys of any pension fund, as provided […]
(40 ILCS 5/Art. 22B heading) ARTICLE 22B. THE POLICE OFFICERS’ PENSION INVESTMENT FUND (Source: P.A. 101-610, eff. 1-1-20.) (40 ILCS 5/22B-101) Sec. 22B-101. Establishment. The Police Officers’ Pension Investment Fund is created with authority to manage the reserves, funds, assets, securities, properties, and moneys of the police pension funds created pursuant to Article 3 […]
(40 ILCS 5/Art. 22C heading) ARTICLE 22C. THE FIREFIGHTERS’ PENSION INVESTMENT FUND (Source: P.A. 101-610, eff. 1-1-20.) (40 ILCS 5/22C-101) Sec. 22C-101. Establishment. The Firefighters’ Pension Investment Fund is created with authority to manage the reserves, funds, assets, securities, properties, and moneys of the firefighter pension funds created pursuant to Article 4 of this […]
(40 ILCS 5/Art. 23 heading) ARTICLE 23. PURPOSE–SAVINGS PROVISIONS–REPEAL (40 ILCS 5/23-101) (from Ch. 108 1/2, par. 23-101) Sec. 23-101. Purpose-Savings provisions. It is the purpose of this Code to restate, simplify and codify the respective Acts and parts of Acts repealed by Section 23-102 which immediately prior to the effective date of this […]
(40 ILCS 5/Art. 24 heading) ARTICLE 24. PUBLIC EMPLOYEES’ DEFERRED COMPENSATION (40 ILCS 5/24-101) (from Ch. 108 1/2, par. 24-101) Sec. 24-101. Notwithstanding any law to the contrary, the State of Illinois or any unit of local government or school district may enter into a written contract with any of its employees to defer […]
