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, set apart, maintained and administered, in the manner prescribed in this Article, for the benefit of the laborers and retirement board employees, herein designated, and their beneficiaries. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑102)(from Ch. 108 1/2, par. 11‑102) Sec. 11‑102. Terms defined. The terms used in this Article have the meanings ascribed to them in Sections 11‑‑103 to 11‑‑124, inclusive, except when the context otherwise requires. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑103)(from Ch. 108 1/2, par. 11‑103) Sec. 11‑103. Fund. "Fund": The Laborers' and Retirement Board Employees' Annuity and Benefit Fund herein created. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑104)(from Ch. 108 1/2, par. 11‑104) Sec. 11‑104. The 1935 Act. "The 1935 Act": "An Act to provide for the creation, setting apart, maintenance, and administration of a laborers' and retirement board employees' annuity and benefit fund in cities having a population exceeding two hundred thousand inhabitants", approved June 21, 1935, as amended. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑105)(from Ch. 108 1/2, par. 11‑105) Sec. 11‑105. Exchange of Functions Act of 1957. "Exchange of Functions Act of 1957": "An Act in relation to an exchange of certain functions, property and personnel among cities and park districts having coextensive geographic areas and populations in excess of 500,000", approved July 5, 1957. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑106)(from Ch. 108 1/2, par. 11‑106) Sec. 11‑106. Civil Service Act. "Civil Service Act": "An Act to regulate the civil service of cities", approved March 20, 1895, as amended, superseded by the provisions of Division 1 of Article 10 of the Illinois Municipal Code, relating to civil service in cities. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑106.1)(from Ch. 108 1/2, par. 11‑106.1) Sec. 11‑106.1. "Municipal Personnel Ordinance": In the case of a city exercising constitutionally authorized home rule unit authority, an ordinance of any city in which this Article is in force and effect, establishing a substitute for and to supersede the "Civil Service Act" as the governing employment system of such city. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑107)(from Ch. 108 1/2, par. 11‑107) Sec. 11‑107. Employer. "Employer": A city of more than 500,000 inhabitants, the Board of Education of such city to which this Article applies, the board of this fund, or the retirement board of any other annuity and benefit fund on a reserve basis in such city (one or more employees of which have applied for participation in this fund as provided in this Article). (Source: P.A. 83‑499.)
(40 ILCS 5/11‑108)(from Ch. 108 1/2, par. 11‑108) Sec. 11‑108. Effective date. "Effective Date": July 1, 1935, for any city covered by "The 1935 Act" on the date this Article comes in effect; and the date on which any city hereafter for the first time comes under this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑109)(from Ch. 108 1/2, par. 11‑109) Sec. 11‑109. Retirement board or board. "Retirement board" or "board": The Retirement Board of the Laborers' and Retirement Board Employees' Annuity and Benefit Fund created by this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑110)(from Ch. 108 1/2, par. 11‑110) Sec. 11‑110. Employee, contributory, contributor or participant. "Employee", "contributory", "contributor" or "participant": (a) Any employee of an employer in a position classified by the civil service commission thereof as labor service and who was appointed to such position under the Civil Service Act, other than by temporary appointment as defined in said Act. (b) Any employee in the service of an employer before the Civil Service Act came into effect for the employer. (c) Any person employed by the board. (d) Any person employed by a retirement board of any other annuity and benefit fund in such city which is on a reserve basis on the effective date or thereafter in operation for the employer, other than the fund created by this Article. (e) Any person employed after July 31, 1951, by temporary appointment as defined in Section 10 of the Civil Service Act, in a position classified by the Civil Service Commission of the employer as labor service of the employer; or in the case of a city operating under a municipal personnel ordinance, any employee of an employer employed under the provisions of such municipal personnel ordinance as labor service of the employer. (Source: P.A. 90‑31, eff. 6‑27‑97.)
(40 ILCS 5/11‑110.1)(from Ch. 108 1/2, par. 11‑110.1) Sec. 11‑110.1. Gender. The masculine gender whenever used in this Article includes the feminine gender and all annuities and other benefits applicable to male employees and their survivors, and the contributions to be made for widows' annuities or other annuities, benefits, and refunds shall apply with equal force to female employees and their survivors, without any modification or distinction whatsoever. (Source: P. A. 78‑1129.)
(40 ILCS 5/11‑111)(from Ch. 108 1/2, par. 11‑111) Sec. 11‑111. Present employee. "Present employee": (a) Any employee of an employer on the day before the effective date; (b) Any person who becomes an employee of the board prior to the next January 1st after the effective date who was in service on the day prior to the effective date. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑112)(from Ch. 108 1/2, par. 11‑112) Sec. 11‑112. Future entrant. "Future entrant": any employee of an employer employed for the first time on or after the effective date. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑113)(from Ch. 108 1/2, par. 11‑113) Sec. 11‑113. Re‑entrant. "Re‑entrant": Any employee who withdraws from service and receives a refund, and thereafter re‑enters service prior to age 65. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑114)(from Ch. 108 1/2, par. 11‑114) Sec. 11‑114. The service or service. "The service" or "service": Any employment for which a contributor is entitled to receive monetary compensation from an employer; also any employment of a present employee prior to January 1st of the year following the effective date in a position in which he was entitled to receive monetary compensation from the employer. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑115)(from Ch. 108 1/2, par. 11‑115) Sec. 11‑115. Term of service. "Term of service": All periods of time during which the employee shall perform service as hereinbefore defined. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑116)(from Ch. 108 1/2, par. 11‑116) Sec. 11‑116. Salary. "Salary": Annual salary of an employee as follows: (a) Beginning on the effective date and prior to July 1, 1947, $3,000 shall be the maximum amount of annual salary of any employee to be considered for the purposes of this Article; and beginning on July 1, 1947 and prior to July 1, 1953 said maximum amount shall be $4,800; and beginning on July 1, 1953 and prior to July 8, 1957, said maximum amount shall be $6,000; and beginning on July 8, 1957, if appropriated, fixed or arranged on an annual basis, the actual sum payable during the year if the employee worked the full normal working time in his position, at the rate of compensation, exclusive of overtime and final vacation, appropriated or fixed as salary or wages for service in the position; (b) If appropriated, fixed or arranged on other than an annual basis, beginning July 8, 1957, the applicable schedules specified in Section 11‑217 shall be used for conversion of the salary to an annual basis; (c) Beginning July 1, 1951, if the city provides lodging for an employee without charge, his salary shall be considered to be $120 a year more than the amount payable as salary for the year. The salary of an employee for whom daily meals are provided by the city shall be considered to be $120 a year more for each such daily meal than the amount payable as his salary for the year. (d) Beginning September 1, 1981, the salary of a person who was or is an employee of a Board of Education on or after that date shall include the amount of employee contributions, if any, picked up by the employer for that employee under Section 11‑170.1. (Source: P.A. 85‑964.)
(40 ILCS 5/11‑117)(from Ch. 108 1/2, par. 11‑117) Sec. 11‑117. Reserve basis. "Reserve basis": A method for the calculation of annuities from credited sums by recognized actuarial criteria involving a designated mortality table and a specified rate of interest. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑118)(from Ch. 108 1/2, par. 11‑118) Sec. 11‑118. Disability. "Disability": A physical or mental incapacity as the result of which an employee is unable to perform the duties of his assigned position. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑119)(from Ch. 108 1/2, par. 11‑119) Sec. 11‑119. Injury. "Injury": A physical hurt resulting from external force or violence. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑120)(from Ch. 108 1/2, par. 11‑120) Sec. 11‑120. Withdraws from service, withdrawal from service or withdrawal. "Withdraws from service", "withdrawal from service" or "withdrawal": Discharge or resignation of an employee. For refund purposes a withdrawal from service shall not be final until 30 days after the effective date of the withdrawal. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑121)(from Ch. 108 1/2, par. 11‑121) Sec. 11‑121. Assets. "Assets": The total value of cash, securities and other property held. Bonds shall be valued at their amortized book values. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑122)(from Ch. 108 1/2, par. 11‑122) Sec. 11‑122. Age. "Age": Age at last birthday preceding the date of ascertainment of age under this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑123)(from Ch. 108 1/2, par. 11‑123) Sec. 11‑123. Effective rate of interest, interest at the effective rate or interest. "Effective rate of interest", "interest at the effective rate" or "interest": Interest at 4% per annum for an employee who was a contributor on January 1, 1952; and at 3% per annum for an employee who becomes a contributor after January 1, 1952. In all cases involving reserves, credits, transfers, and charges, "effective rate of interest", "interest at the effective rate" or "interest" shall be applied at these rates. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑124)(from Ch. 108 1/2, par. 11‑124) Sec. 11‑124. Annuity. "Annuity": Equal monthly payments for life, unless terminated earlier under Section 11‑148, 11‑152, 11‑153, or 11‑230. For annuities taking effect before January 1, 1998, the first payment shall be due and payable one month after the occurrence of the event upon which payment of the annuity depends. Until August 1, 1999, payment shall be made for any part of a monthly period in which death of the annuitant occurs. Beginning August 1, 1999, all payments shall be made on the first day of the calendar month and shall be for the entire calendar month, without proration. The last payment shall be made on the first day of the calendar month in which the annuity payment period ends. A pro rata amount shall be paid for that part of the month from the July 1999 annuity payment date through July 31, 1999. For annuities taking effect on or after January 1, 1998, payments shall be made as of the first day of the calendar month, with the first payment to be made as of the first day of the calendar month coincidental with or next following the first day of the annuity payment period, and the last payment to be made as of the first day of the calendar month in which the annuity payment period ends. For annuities taking effect on or after January 1, 1998, all payments shall be for the entire calendar month, without proration. For the purposes of this Section, the "annuity payment period" means the period beginning on the day after the occurrence of the event upon which payment of the annuity depends, and ending on the day upon which the death of the annuitant or other event terminating the annuity occurs. (Source: P.A. 90‑31, eff. 6‑27‑97; 91‑887, eff. 7‑6‑00.)
(40 ILCS 5/11‑125)(from Ch. 108 1/2, par. 11‑125) Sec. 11‑125. Persons to whom article does not apply. (A) This Article does not apply to any of the following persons: (a) Any person employed prior to August 1, 1951 by such city, or board of education of such city by temporary appointment as defined in Section 10 of the Civil Service Act; (b) Any person employed by such city or the board of education of such city or the retirement board of any other annuity and benefit fund operating on a reserve basis in such city while he is eligible to contribute thereto; (c) Any person receiving a pension or annuity other than widow's or child's annuity, from a fund described in subparagraph (b) above; (d) Any person who enters service at age 65 or over prior to January 1, 1979, or who enters the service at age 70 or more subsequent to January 1, 1979; (e) Any person transferred to the employment of such city by virtue of the "Exchange of Functions Act, 1957". (B) The board of trustees may, by resolution, exclude persons who become employees after June 30, 1979 as public service employment program participants under the Federal Comprehensive Employment and Training Act and whose wages or fringe benefits are paid in whole or in part by funds provided under such Act. (Source: P.A. 84‑159.)
(40 ILCS 5/11‑125.1)(from Ch. 108 1/2, par. 11‑125.1) Sec. 11‑125.1. (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 service shall be transferred forthwith. Payment by this Fund to the General Assembly Retirement System shall be made at the same time and shall consist of: (1) the amounts accumulated to the credit of the applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and (2) municipality credits computed and credited under this Article including interest, on the books of the Fund on the date the member terminated service under the Fund. Participation in this Fund as to any credits transferred under this Section shall terminate on the date of transfer. (b) An active member of the General Assembly who has service credits and creditable service under the Fund may establish additional service credits and creditable service for periods during which he was an elected official and could have elected to participate but did not so elect. Service credits and creditable service may be established by payment to the fund of an amount equal to the contributions he would have made if he had elected to participate, plus interest to the date of payment. (c) An active member of the General Assembly may reinstate service and service credits terminated upon receipt of a separation benefit, by payment to the Fund of the amount of the separation benefit plus interest thereon to the date of payment. (Source: P.A. 80‑1419; 80‑1438.)
(40 ILCS 5/11‑125.2)(from Ch. 108 1/2, par. 11‑125.2) Sec. 11‑125.2. 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 was an employee of an employer in an elective office and could have elected to participate in the Fund but did not so elect. Service credits and creditable service may be established by payment to the Fund of an amount equal to the contributions he would have made if he had elected to participate plus interest to the date of payment, together with a like amount as the applicable municipality credits including interest, but the total period of such creditable service that may be validated shall not exceed 8 years. (Source: P.A. 81‑1536.)
(40 ILCS 5/11‑125.3)(from Ch. 108 1/2, par. 11‑125.3) Sec. 11‑125.3. (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 such continued participation under Section 2‑117.1. (b) Upon terminating such continued participation, a person may transfer credits and creditable service accumulated under Section 2‑117.1 to this Fund, upon payment to the Fund of (1) the amount by which the employer and employee contributions that would have been required if he had participated in this Fund during the period for which credit under Section 2‑117.1 is being transferred, plus interest, exceeds the amounts actually transferred under that Section to the Fund, plus (2) interest thereon at 6% per annum compounded annually from the date of such participation to the date of payment. (Source: P.A. 82‑342.)
(40 ILCS 5/11‑125.4)(from Ch. 108 1/2, par. 11‑125.4) Sec. 11‑125.4. Validation of Service. Every participant in the Fund on the effective date of this amendatory Act of 1983 shall be deemed to have been an employee throughout the entire period of his service during which he was a contributor and participant and for which period of service he is credited with the required contributions to the Fund for annuity purposes. The period or term of service credited shall be based on the applicable provisions of this Article. Any past service credited or annuity granted to any participant and contributor prior to the effective date of this amendatory Act of 1983, based on the service of any participant and contributor prior to or subsequent to the effective date of the "Municipal Personnel Ordinance" of Chicago or the "Illinois Municipal Code" relating to civil service of cities, shall be deemed validly credited or granted for all purposes of this Article. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑125.5)(from Ch. 108 1/2, par. 11‑125.5) Sec. 11‑125.5. 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 (and until March 1, 1993 any other person in accordance with Section 9‑121.11) who is a participant in the pension fund established under Article 9 of this Code, and any elected sanitary district commissioner who is a participant in a pension fund established under Article 13 of this Code, may apply for transfer of his credits and creditable service accumulated under this Fund to such Article 8, 9 or 13 fund. Such creditable service shall be transferred forthwith. Payments by this Fund to the Article 8, 9 or 13 fund shall be made at the same time and shall consist of: (1) the amounts accumulated to the credit of the
applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and
(2) municipality credits computed and credited under
this Article, including interest, on the books of the Fund o
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, set apart, maintained and administered, in the manner prescribed in this Article, for the benefit of the laborers and retirement board employees, herein designated, and their beneficiaries. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑102)(from Ch. 108 1/2, par. 11‑102) Sec. 11‑102. Terms defined. The terms used in this Article have the meanings ascribed to them in Sections 11‑‑103 to 11‑‑124, inclusive, except when the context otherwise requires. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑103)(from Ch. 108 1/2, par. 11‑103) Sec. 11‑103. Fund. "Fund": The Laborers' and Retirement Board Employees' Annuity and Benefit Fund herein created. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑104)(from Ch. 108 1/2, par. 11‑104) Sec. 11‑104. The 1935 Act. "The 1935 Act": "An Act to provide for the creation, setting apart, maintenance, and administration of a laborers' and retirement board employees' annuity and benefit fund in cities having a population exceeding two hundred thousand inhabitants", approved June 21, 1935, as amended. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑105)(from Ch. 108 1/2, par. 11‑105) Sec. 11‑105. Exchange of Functions Act of 1957. "Exchange of Functions Act of 1957": "An Act in relation to an exchange of certain functions, property and personnel among cities and park districts having coextensive geographic areas and populations in excess of 500,000", approved July 5, 1957. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑106)(from Ch. 108 1/2, par. 11‑106) Sec. 11‑106. Civil Service Act. "Civil Service Act": "An Act to regulate the civil service of cities", approved March 20, 1895, as amended, superseded by the provisions of Division 1 of Article 10 of the Illinois Municipal Code, relating to civil service in cities. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑106.1)(from Ch. 108 1/2, par. 11‑106.1) Sec. 11‑106.1. "Municipal Personnel Ordinance": In the case of a city exercising constitutionally authorized home rule unit authority, an ordinance of any city in which this Article is in force and effect, establishing a substitute for and to supersede the "Civil Service Act" as the governing employment system of such city. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑107)(from Ch. 108 1/2, par. 11‑107) Sec. 11‑107. Employer. "Employer": A city of more than 500,000 inhabitants, the Board of Education of such city to which this Article applies, the board of this fund, or the retirement board of any other annuity and benefit fund on a reserve basis in such city (one or more employees of which have applied for participation in this fund as provided in this Article). (Source: P.A. 83‑499.)
(40 ILCS 5/11‑108)(from Ch. 108 1/2, par. 11‑108) Sec. 11‑108. Effective date. "Effective Date": July 1, 1935, for any city covered by "The 1935 Act" on the date this Article comes in effect; and the date on which any city hereafter for the first time comes under this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑109)(from Ch. 108 1/2, par. 11‑109) Sec. 11‑109. Retirement board or board. "Retirement board" or "board": The Retirement Board of the Laborers' and Retirement Board Employees' Annuity and Benefit Fund created by this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑110)(from Ch. 108 1/2, par. 11‑110) Sec. 11‑110. Employee, contributory, contributor or participant. "Employee", "contributory", "contributor" or "participant": (a) Any employee of an employer in a position classified by the civil service commission thereof as labor service and who was appointed to such position under the Civil Service Act, other than by temporary appointment as defined in said Act. (b) Any employee in the service of an employer before the Civil Service Act came into effect for the employer. (c) Any person employed by the board. (d) Any person employed by a retirement board of any other annuity and benefit fund in such city which is on a reserve basis on the effective date or thereafter in operation for the employer, other than the fund created by this Article. (e) Any person employed after July 31, 1951, by temporary appointment as defined in Section 10 of the Civil Service Act, in a position classified by the Civil Service Commission of the employer as labor service of the employer; or in the case of a city operating under a municipal personnel ordinance, any employee of an employer employed under the provisions of such municipal personnel ordinance as labor service of the employer. (Source: P.A. 90‑31, eff. 6‑27‑97.)
(40 ILCS 5/11‑110.1)(from Ch. 108 1/2, par. 11‑110.1) Sec. 11‑110.1. Gender. The masculine gender whenever used in this Article includes the feminine gender and all annuities and other benefits applicable to male employees and their survivors, and the contributions to be made for widows' annuities or other annuities, benefits, and refunds shall apply with equal force to female employees and their survivors, without any modification or distinction whatsoever. (Source: P. A. 78‑1129.)
(40 ILCS 5/11‑111)(from Ch. 108 1/2, par. 11‑111) Sec. 11‑111. Present employee. "Present employee": (a) Any employee of an employer on the day before the effective date; (b) Any person who becomes an employee of the board prior to the next January 1st after the effective date who was in service on the day prior to the effective date. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑112)(from Ch. 108 1/2, par. 11‑112) Sec. 11‑112. Future entrant. "Future entrant": any employee of an employer employed for the first time on or after the effective date. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑113)(from Ch. 108 1/2, par. 11‑113) Sec. 11‑113. Re‑entrant. "Re‑entrant": Any employee who withdraws from service and receives a refund, and thereafter re‑enters service prior to age 65. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑114)(from Ch. 108 1/2, par. 11‑114) Sec. 11‑114. The service or service. "The service" or "service": Any employment for which a contributor is entitled to receive monetary compensation from an employer; also any employment of a present employee prior to January 1st of the year following the effective date in a position in which he was entitled to receive monetary compensation from the employer. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑115)(from Ch. 108 1/2, par. 11‑115) Sec. 11‑115. Term of service. "Term of service": All periods of time during which the employee shall perform service as hereinbefore defined. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑116)(from Ch. 108 1/2, par. 11‑116) Sec. 11‑116. Salary. "Salary": Annual salary of an employee as follows: (a) Beginning on the effective date and prior to July 1, 1947, $3,000 shall be the maximum amount of annual salary of any employee to be considered for the purposes of this Article; and beginning on July 1, 1947 and prior to July 1, 1953 said maximum amount shall be $4,800; and beginning on July 1, 1953 and prior to July 8, 1957, said maximum amount shall be $6,000; and beginning on July 8, 1957, if appropriated, fixed or arranged on an annual basis, the actual sum payable during the year if the employee worked the full normal working time in his position, at the rate of compensation, exclusive of overtime and final vacation, appropriated or fixed as salary or wages for service in the position; (b) If appropriated, fixed or arranged on other than an annual basis, beginning July 8, 1957, the applicable schedules specified in Section 11‑217 shall be used for conversion of the salary to an annual basis; (c) Beginning July 1, 1951, if the city provides lodging for an employee without charge, his salary shall be considered to be $120 a year more than the amount payable as salary for the year. The salary of an employee for whom daily meals are provided by the city shall be considered to be $120 a year more for each such daily meal than the amount payable as his salary for the year. (d) Beginning September 1, 1981, the salary of a person who was or is an employee of a Board of Education on or after that date shall include the amount of employee contributions, if any, picked up by the employer for that employee under Section 11‑170.1. (Source: P.A. 85‑964.)
(40 ILCS 5/11‑117)(from Ch. 108 1/2, par. 11‑117) Sec. 11‑117. Reserve basis. "Reserve basis": A method for the calculation of annuities from credited sums by recognized actuarial criteria involving a designated mortality table and a specified rate of interest. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑118)(from Ch. 108 1/2, par. 11‑118) Sec. 11‑118. Disability. "Disability": A physical or mental incapacity as the result of which an employee is unable to perform the duties of his assigned position. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑119)(from Ch. 108 1/2, par. 11‑119) Sec. 11‑119. Injury. "Injury": A physical hurt resulting from external force or violence. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑120)(from Ch. 108 1/2, par. 11‑120) Sec. 11‑120. Withdraws from service, withdrawal from service or withdrawal. "Withdraws from service", "withdrawal from service" or "withdrawal": Discharge or resignation of an employee. For refund purposes a withdrawal from service shall not be final until 30 days after the effective date of the withdrawal. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑121)(from Ch. 108 1/2, par. 11‑121) Sec. 11‑121. Assets. "Assets": The total value of cash, securities and other property held. Bonds shall be valued at their amortized book values. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑122)(from Ch. 108 1/2, par. 11‑122) Sec. 11‑122. Age. "Age": Age at last birthday preceding the date of ascertainment of age under this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑123)(from Ch. 108 1/2, par. 11‑123) Sec. 11‑123. Effective rate of interest, interest at the effective rate or interest. "Effective rate of interest", "interest at the effective rate" or "interest": Interest at 4% per annum for an employee who was a contributor on January 1, 1952; and at 3% per annum for an employee who becomes a contributor after January 1, 1952. In all cases involving reserves, credits, transfers, and charges, "effective rate of interest", "interest at the effective rate" or "interest" shall be applied at these rates. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑124)(from Ch. 108 1/2, par. 11‑124) Sec. 11‑124. Annuity. "Annuity": Equal monthly payments for life, unless terminated earlier under Section 11‑148, 11‑152, 11‑153, or 11‑230. For annuities taking effect before January 1, 1998, the first payment shall be due and payable one month after the occurrence of the event upon which payment of the annuity depends. Until August 1, 1999, payment shall be made for any part of a monthly period in which death of the annuitant occurs. Beginning August 1, 1999, all payments shall be made on the first day of the calendar month and shall be for the entire calendar month, without proration. The last payment shall be made on the first day of the calendar month in which the annuity payment period ends. A pro rata amount shall be paid for that part of the month from the July 1999 annuity payment date through July 31, 1999. For annuities taking effect on or after January 1, 1998, payments shall be made as of the first day of the calendar month, with the first payment to be made as of the first day of the calendar month coincidental with or next following the first day of the annuity payment period, and the last payment to be made as of the first day of the calendar month in which the annuity payment period ends. For annuities taking effect on or after January 1, 1998, all payments shall be for the entire calendar month, without proration. For the purposes of this Section, the "annuity payment period" means the period beginning on the day after the occurrence of the event upon which payment of the annuity depends, and ending on the day upon which the death of the annuitant or other event terminating the annuity occurs. (Source: P.A. 90‑31, eff. 6‑27‑97; 91‑887, eff. 7‑6‑00.)
(40 ILCS 5/11‑125)(from Ch. 108 1/2, par. 11‑125) Sec. 11‑125. Persons to whom article does not apply. (A) This Article does not apply to any of the following persons: (a) Any person employed prior to August 1, 1951 by such city, or board of education of such city by temporary appointment as defined in Section 10 of the Civil Service Act; (b) Any person employed by such city or the board of education of such city or the retirement board of any other annuity and benefit fund operating on a reserve basis in such city while he is eligible to contribute thereto; (c) Any person receiving a pension or annuity other than widow's or child's annuity, from a fund described in subparagraph (b) above; (d) Any person who enters service at age 65 or over prior to January 1, 1979, or who enters the service at age 70 or more subsequent to January 1, 1979; (e) Any person transferred to the employment of such city by virtue of the "Exchange of Functions Act, 1957". (B) The board of trustees may, by resolution, exclude persons who become employees after June 30, 1979 as public service employment program participants under the Federal Comprehensive Employment and Training Act and whose wages or fringe benefits are paid in whole or in part by funds provided under such Act. (Source: P.A. 84‑159.)
(40 ILCS 5/11‑125.1)(from Ch. 108 1/2, par. 11‑125.1) Sec. 11‑125.1. (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 service shall be transferred forthwith. Payment by this Fund to the General Assembly Retirement System shall be made at the same time and shall consist of: (1) the amounts accumulated to the credit of the applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and (2) municipality credits computed and credited under this Article including interest, on the books of the Fund on the date the member terminated service under the Fund. Participation in this Fund as to any credits transferred under this Section shall terminate on the date of transfer. (b) An active member of the General Assembly who has service credits and creditable service under the Fund may establish additional service credits and creditable service for periods during which he was an elected official and could have elected to participate but did not so elect. Service credits and creditable service may be established by payment to the fund of an amount equal to the contributions he would have made if he had elected to participate, plus interest to the date of payment. (c) An active member of the General Assembly may reinstate service and service credits terminated upon receipt of a separation benefit, by payment to the Fund of the amount of the separation benefit plus interest thereon to the date of payment. (Source: P.A. 80‑1419; 80‑1438.)
(40 ILCS 5/11‑125.2)(from Ch. 108 1/2, par. 11‑125.2) Sec. 11‑125.2. 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 was an employee of an employer in an elective office and could have elected to participate in the Fund but did not so elect. Service credits and creditable service may be established by payment to the Fund of an amount equal to the contributions he would have made if he had elected to participate plus interest to the date of payment, together with a like amount as the applicable municipality credits including interest, but the total period of such creditable service that may be validated shall not exceed 8 years. (Source: P.A. 81‑1536.)
(40 ILCS 5/11‑125.3)(from Ch. 108 1/2, par. 11‑125.3) Sec. 11‑125.3. (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 such continued participation under Section 2‑117.1. (b) Upon terminating such continued participation, a person may transfer credits and creditable service accumulated under Section 2‑117.1 to this Fund, upon payment to the Fund of (1) the amount by which the employer and employee contributions that would have been required if he had participated in this Fund during the period for which credit under Section 2‑117.1 is being transferred, plus interest, exceeds the amounts actually transferred under that Section to the Fund, plus (2) interest thereon at 6% per annum compounded annually from the date of such participation to the date of payment. (Source: P.A. 82‑342.)
(40 ILCS 5/11‑125.4)(from Ch. 108 1/2, par. 11‑125.4) Sec. 11‑125.4. Validation of Service. Every participant in the Fund on the effective date of this amendatory Act of 1983 shall be deemed to have been an employee throughout the entire period of his service during which he was a contributor and participant and for which period of service he is credited with the required contributions to the Fund for annuity purposes. The period or term of service credited shall be based on the applicable provisions of this Article. Any past service credited or annuity granted to any participant and contributor prior to the effective date of this amendatory Act of 1983, based on the service of any participant and contributor prior to or subsequent to the effective date of the "Municipal Personnel Ordinance" of Chicago or the "Illinois Municipal Code" relating to civil service of cities, shall be deemed validly credited or granted for all purposes of this Article. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑125.5)(from Ch. 108 1/2, par. 11‑125.5) Sec. 11‑125.5. 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 (and until March 1, 1993 any other person in accordance with Section 9‑121.11) who is a participant in the pension fund established under Article 9 of this Code, and any elected sanitary district commissioner who is a participant in a pension fund established under Article 13 of this Code, may apply for transfer of his credits and creditable service accumulated under this Fund to such Article 8, 9 or 13 fund. Such creditable service shall be transferred forthwith. Payments by this Fund to the Article 8, 9 or 13 fund shall be made at the same time and shall consist of: (1) the amounts accumulated to the credit of the
applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and
(2) municipality credits computed and credited under
this Article, including interest, on the books of the Fund o
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, set apart, maintained and administered, in the manner prescribed in this Article, for the benefit of the laborers and retirement board employees, herein designated, and their beneficiaries. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑102)(from Ch. 108 1/2, par. 11‑102) Sec. 11‑102. Terms defined. The terms used in this Article have the meanings ascribed to them in Sections 11‑‑103 to 11‑‑124, inclusive, except when the context otherwise requires. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑103)(from Ch. 108 1/2, par. 11‑103) Sec. 11‑103. Fund. "Fund": The Laborers' and Retirement Board Employees' Annuity and Benefit Fund herein created. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑104)(from Ch. 108 1/2, par. 11‑104) Sec. 11‑104. The 1935 Act. "The 1935 Act": "An Act to provide for the creation, setting apart, maintenance, and administration of a laborers' and retirement board employees' annuity and benefit fund in cities having a population exceeding two hundred thousand inhabitants", approved June 21, 1935, as amended. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑105)(from Ch. 108 1/2, par. 11‑105) Sec. 11‑105. Exchange of Functions Act of 1957. "Exchange of Functions Act of 1957": "An Act in relation to an exchange of certain functions, property and personnel among cities and park districts having coextensive geographic areas and populations in excess of 500,000", approved July 5, 1957. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑106)(from Ch. 108 1/2, par. 11‑106) Sec. 11‑106. Civil Service Act. "Civil Service Act": "An Act to regulate the civil service of cities", approved March 20, 1895, as amended, superseded by the provisions of Division 1 of Article 10 of the Illinois Municipal Code, relating to civil service in cities. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑106.1)(from Ch. 108 1/2, par. 11‑106.1) Sec. 11‑106.1. "Municipal Personnel Ordinance": In the case of a city exercising constitutionally authorized home rule unit authority, an ordinance of any city in which this Article is in force and effect, establishing a substitute for and to supersede the "Civil Service Act" as the governing employment system of such city. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑107)(from Ch. 108 1/2, par. 11‑107) Sec. 11‑107. Employer. "Employer": A city of more than 500,000 inhabitants, the Board of Education of such city to which this Article applies, the board of this fund, or the retirement board of any other annuity and benefit fund on a reserve basis in such city (one or more employees of which have applied for participation in this fund as provided in this Article). (Source: P.A. 83‑499.)
(40 ILCS 5/11‑108)(from Ch. 108 1/2, par. 11‑108) Sec. 11‑108. Effective date. "Effective Date": July 1, 1935, for any city covered by "The 1935 Act" on the date this Article comes in effect; and the date on which any city hereafter for the first time comes under this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑109)(from Ch. 108 1/2, par. 11‑109) Sec. 11‑109. Retirement board or board. "Retirement board" or "board": The Retirement Board of the Laborers' and Retirement Board Employees' Annuity and Benefit Fund created by this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑110)(from Ch. 108 1/2, par. 11‑110) Sec. 11‑110. Employee, contributory, contributor or participant. "Employee", "contributory", "contributor" or "participant": (a) Any employee of an employer in a position classified by the civil service commission thereof as labor service and who was appointed to such position under the Civil Service Act, other than by temporary appointment as defined in said Act. (b) Any employee in the service of an employer before the Civil Service Act came into effect for the employer. (c) Any person employed by the board. (d) Any person employed by a retirement board of any other annuity and benefit fund in such city which is on a reserve basis on the effective date or thereafter in operation for the employer, other than the fund created by this Article. (e) Any person employed after July 31, 1951, by temporary appointment as defined in Section 10 of the Civil Service Act, in a position classified by the Civil Service Commission of the employer as labor service of the employer; or in the case of a city operating under a municipal personnel ordinance, any employee of an employer employed under the provisions of such municipal personnel ordinance as labor service of the employer. (Source: P.A. 90‑31, eff. 6‑27‑97.)
(40 ILCS 5/11‑110.1)(from Ch. 108 1/2, par. 11‑110.1) Sec. 11‑110.1. Gender. The masculine gender whenever used in this Article includes the feminine gender and all annuities and other benefits applicable to male employees and their survivors, and the contributions to be made for widows' annuities or other annuities, benefits, and refunds shall apply with equal force to female employees and their survivors, without any modification or distinction whatsoever. (Source: P. A. 78‑1129.)
(40 ILCS 5/11‑111)(from Ch. 108 1/2, par. 11‑111) Sec. 11‑111. Present employee. "Present employee": (a) Any employee of an employer on the day before the effective date; (b) Any person who becomes an employee of the board prior to the next January 1st after the effective date who was in service on the day prior to the effective date. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑112)(from Ch. 108 1/2, par. 11‑112) Sec. 11‑112. Future entrant. "Future entrant": any employee of an employer employed for the first time on or after the effective date. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑113)(from Ch. 108 1/2, par. 11‑113) Sec. 11‑113. Re‑entrant. "Re‑entrant": Any employee who withdraws from service and receives a refund, and thereafter re‑enters service prior to age 65. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑114)(from Ch. 108 1/2, par. 11‑114) Sec. 11‑114. The service or service. "The service" or "service": Any employment for which a contributor is entitled to receive monetary compensation from an employer; also any employment of a present employee prior to January 1st of the year following the effective date in a position in which he was entitled to receive monetary compensation from the employer. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑115)(from Ch. 108 1/2, par. 11‑115) Sec. 11‑115. Term of service. "Term of service": All periods of time during which the employee shall perform service as hereinbefore defined. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑116)(from Ch. 108 1/2, par. 11‑116) Sec. 11‑116. Salary. "Salary": Annual salary of an employee as follows: (a) Beginning on the effective date and prior to July 1, 1947, $3,000 shall be the maximum amount of annual salary of any employee to be considered for the purposes of this Article; and beginning on July 1, 1947 and prior to July 1, 1953 said maximum amount shall be $4,800; and beginning on July 1, 1953 and prior to July 8, 1957, said maximum amount shall be $6,000; and beginning on July 8, 1957, if appropriated, fixed or arranged on an annual basis, the actual sum payable during the year if the employee worked the full normal working time in his position, at the rate of compensation, exclusive of overtime and final vacation, appropriated or fixed as salary or wages for service in the position; (b) If appropriated, fixed or arranged on other than an annual basis, beginning July 8, 1957, the applicable schedules specified in Section 11‑217 shall be used for conversion of the salary to an annual basis; (c) Beginning July 1, 1951, if the city provides lodging for an employee without charge, his salary shall be considered to be $120 a year more than the amount payable as salary for the year. The salary of an employee for whom daily meals are provided by the city shall be considered to be $120 a year more for each such daily meal than the amount payable as his salary for the year. (d) Beginning September 1, 1981, the salary of a person who was or is an employee of a Board of Education on or after that date shall include the amount of employee contributions, if any, picked up by the employer for that employee under Section 11‑170.1. (Source: P.A. 85‑964.)
(40 ILCS 5/11‑117)(from Ch. 108 1/2, par. 11‑117) Sec. 11‑117. Reserve basis. "Reserve basis": A method for the calculation of annuities from credited sums by recognized actuarial criteria involving a designated mortality table and a specified rate of interest. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑118)(from Ch. 108 1/2, par. 11‑118) Sec. 11‑118. Disability. "Disability": A physical or mental incapacity as the result of which an employee is unable to perform the duties of his assigned position. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑119)(from Ch. 108 1/2, par. 11‑119) Sec. 11‑119. Injury. "Injury": A physical hurt resulting from external force or violence. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑120)(from Ch. 108 1/2, par. 11‑120) Sec. 11‑120. Withdraws from service, withdrawal from service or withdrawal. "Withdraws from service", "withdrawal from service" or "withdrawal": Discharge or resignation of an employee. For refund purposes a withdrawal from service shall not be final until 30 days after the effective date of the withdrawal. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑121)(from Ch. 108 1/2, par. 11‑121) Sec. 11‑121. Assets. "Assets": The total value of cash, securities and other property held. Bonds shall be valued at their amortized book values. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑122)(from Ch. 108 1/2, par. 11‑122) Sec. 11‑122. Age. "Age": Age at last birthday preceding the date of ascertainment of age under this Article. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑123)(from Ch. 108 1/2, par. 11‑123) Sec. 11‑123. Effective rate of interest, interest at the effective rate or interest. "Effective rate of interest", "interest at the effective rate" or "interest": Interest at 4% per annum for an employee who was a contributor on January 1, 1952; and at 3% per annum for an employee who becomes a contributor after January 1, 1952. In all cases involving reserves, credits, transfers, and charges, "effective rate of interest", "interest at the effective rate" or "interest" shall be applied at these rates. (Source: Laws 1963, p. 161.)
(40 ILCS 5/11‑124)(from Ch. 108 1/2, par. 11‑124) Sec. 11‑124. Annuity. "Annuity": Equal monthly payments for life, unless terminated earlier under Section 11‑148, 11‑152, 11‑153, or 11‑230. For annuities taking effect before January 1, 1998, the first payment shall be due and payable one month after the occurrence of the event upon which payment of the annuity depends. Until August 1, 1999, payment shall be made for any part of a monthly period in which death of the annuitant occurs. Beginning August 1, 1999, all payments shall be made on the first day of the calendar month and shall be for the entire calendar month, without proration. The last payment shall be made on the first day of the calendar month in which the annuity payment period ends. A pro rata amount shall be paid for that part of the month from the July 1999 annuity payment date through July 31, 1999. For annuities taking effect on or after January 1, 1998, payments shall be made as of the first day of the calendar month, with the first payment to be made as of the first day of the calendar month coincidental with or next following the first day of the annuity payment period, and the last payment to be made as of the first day of the calendar month in which the annuity payment period ends. For annuities taking effect on or after January 1, 1998, all payments shall be for the entire calendar month, without proration. For the purposes of this Section, the "annuity payment period" means the period beginning on the day after the occurrence of the event upon which payment of the annuity depends, and ending on the day upon which the death of the annuitant or other event terminating the annuity occurs. (Source: P.A. 90‑31, eff. 6‑27‑97; 91‑887, eff. 7‑6‑00.)
(40 ILCS 5/11‑125)(from Ch. 108 1/2, par. 11‑125) Sec. 11‑125. Persons to whom article does not apply. (A) This Article does not apply to any of the following persons: (a) Any person employed prior to August 1, 1951 by such city, or board of education of such city by temporary appointment as defined in Section 10 of the Civil Service Act; (b) Any person employed by such city or the board of education of such city or the retirement board of any other annuity and benefit fund operating on a reserve basis in such city while he is eligible to contribute thereto; (c) Any person receiving a pension or annuity other than widow's or child's annuity, from a fund described in subparagraph (b) above; (d) Any person who enters service at age 65 or over prior to January 1, 1979, or who enters the service at age 70 or more subsequent to January 1, 1979; (e) Any person transferred to the employment of such city by virtue of the "Exchange of Functions Act, 1957". (B) The board of trustees may, by resolution, exclude persons who become employees after June 30, 1979 as public service employment program participants under the Federal Comprehensive Employment and Training Act and whose wages or fringe benefits are paid in whole or in part by funds provided under such Act. (Source: P.A. 84‑159.)
(40 ILCS 5/11‑125.1)(from Ch. 108 1/2, par. 11‑125.1) Sec. 11‑125.1. (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 service shall be transferred forthwith. Payment by this Fund to the General Assembly Retirement System shall be made at the same time and shall consist of: (1) the amounts accumulated to the credit of the applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and (2) municipality credits computed and credited under this Article including interest, on the books of the Fund on the date the member terminated service under the Fund. Participation in this Fund as to any credits transferred under this Section shall terminate on the date of transfer. (b) An active member of the General Assembly who has service credits and creditable service under the Fund may establish additional service credits and creditable service for periods during which he was an elected official and could have elected to participate but did not so elect. Service credits and creditable service may be established by payment to the fund of an amount equal to the contributions he would have made if he had elected to participate, plus interest to the date of payment. (c) An active member of the General Assembly may reinstate service and service credits terminated upon receipt of a separation benefit, by payment to the Fund of the amount of the separation benefit plus interest thereon to the date of payment. (Source: P.A. 80‑1419; 80‑1438.)
(40 ILCS 5/11‑125.2)(from Ch. 108 1/2, par. 11‑125.2) Sec. 11‑125.2. 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 was an employee of an employer in an elective office and could have elected to participate in the Fund but did not so elect. Service credits and creditable service may be established by payment to the Fund of an amount equal to the contributions he would have made if he had elected to participate plus interest to the date of payment, together with a like amount as the applicable municipality credits including interest, but the total period of such creditable service that may be validated shall not exceed 8 years. (Source: P.A. 81‑1536.)
(40 ILCS 5/11‑125.3)(from Ch. 108 1/2, par. 11‑125.3) Sec. 11‑125.3. (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 such continued participation under Section 2‑117.1. (b) Upon terminating such continued participation, a person may transfer credits and creditable service accumulated under Section 2‑117.1 to this Fund, upon payment to the Fund of (1) the amount by which the employer and employee contributions that would have been required if he had participated in this Fund during the period for which credit under Section 2‑117.1 is being transferred, plus interest, exceeds the amounts actually transferred under that Section to the Fund, plus (2) interest thereon at 6% per annum compounded annually from the date of such participation to the date of payment. (Source: P.A. 82‑342.)
(40 ILCS 5/11‑125.4)(from Ch. 108 1/2, par. 11‑125.4) Sec. 11‑125.4. Validation of Service. Every participant in the Fund on the effective date of this amendatory Act of 1983 shall be deemed to have been an employee throughout the entire period of his service during which he was a contributor and participant and for which period of service he is credited with the required contributions to the Fund for annuity purposes. The period or term of service credited shall be based on the applicable provisions of this Article. Any past service credited or annuity granted to any participant and contributor prior to the effective date of this amendatory Act of 1983, based on the service of any participant and contributor prior to or subsequent to the effective date of the "Municipal Personnel Ordinance" of Chicago or the "Illinois Municipal Code" relating to civil service of cities, shall be deemed validly credited or granted for all purposes of this Article. (Source: P.A. 83‑499.)
(40 ILCS 5/11‑125.5)(from Ch. 108 1/2, par. 11‑125.5) Sec. 11‑125.5. 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 (and until March 1, 1993 any other person in accordance with Section 9‑121.11) who is a participant in the pension fund established under Article 9 of this Code, and any elected sanitary district commissioner who is a participant in a pension fund established under Article 13 of this Code, may apply for transfer of his credits and creditable service accumulated under this Fund to such Article 8, 9 or 13 fund. Such creditable service shall be transferred forthwith. Payments by this Fund to the Article 8, 9 or 13 fund shall be made at the same time and shall consist of: (1) the amounts accumulated to the credit of the
applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and
(2) municipality credits computed and credited under
this Article, including interest, on the books of the Fund o
