(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 Act of the General Assembly, for the purpose of locating,
establishing and enclosing, improving or maintaining any public park,
boulevard, driveway, or highway or other public work or improvement, an
annuity and benefit fund, hereinafter referred to as the "fund", shall be
created, maintained, administered and disbursed in the manner described in
this Article for the employees of such board as described in "An Act
relating to the civil service in park systems", approved June 10, 1911, as
amended, including employees in the classified service, and all persons in
exempt positions, and employees of the retirement board charged herein with
the duty of administering such fund, and for the surviving spouses and
children of such employees.
It is the intention of this Article that any employee or former
employee of a board of park commissioners or of the retirement board,
shall be deemed to have been an employee during all time heretofore that
the employee shall have been in such service, and that this Article
shall be construed to be retroactive in effect.
Participation in the fund by any person entering the service of the board
of park commissioners or the retirement board shall be effective only upon
completion of 6 months of continuous service, except that beginning July 1,
1991, this 6-month qualification period shall not apply to any person
employed in a position requiring service for 6 months or more in a calendar
year who would be exempted from mandatory participation in the federal
Social Security program by virtue of his participation in the fund.
Contributions to the fund shall begin with the payroll period next
following that in which the qualification period ends, or if no
qualification period is required, upon the commencement of employment.
The right to any annuity or benefit shall accrue from the date when such
contributions begin.
Any employee shall have the right to make contributions for retirement
and spouse's annuity purposes for the qualification period
prior to membership upon completing 10 years of service or attaining age 60
whichever event first occurs. Any person who entered service for the first
time on or before September 16, 1980 at age 60 or over may contribute and
receive credit for all service rendered prior to his date of entry into
the fund. These contributions shall be based upon the salary and rate
of contributions in effect at the date of his entry into the fund, plus
regular interest compounded annually from the end of the waiting period to
the date the contributions are made, whereupon credit as service for such
period shall be granted the employee.
The provisions of the "Exchange of Functions Act of 1957", approved
July 5, 1957, as heretofore or hereafter amended, to the extent that
they apply to and affect the fund herein established, are incorporated
into and made a part of this Article by express reference. Employees of
a park district, other than park policemen, transferred to the
employment of a city pursuant to said Act, if members of the fund herein
established, shall remain members of said fund, and their rights,
credits and equities therein shall remain unimpaired by such transfer of
employment.
(Source: P.A. 87-794.)
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