40 ILCS 5/ Illinois Pension Code.

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40 ILCS 5/13-210

(40 ILCS 5/13-210) (from Ch. 108 1/2, par. 13-210)

Sec. 13-210.

"Withdraw" or "withdrawal":

Discharge, termination or
resignation of an employee.

(Source: P.A. 87-794.)

40 ILCS 5/13-211

(40 ILCS 5/13-211) (from Ch. 108 1/2, par. 13-211)

Sec. 13-211.

"Assets":

The total value of cash, securities and other
property held. Bonds shall be held at their amortized book values.  Other
investments shall be carried at book value in accordance with accounting
procedures approved by the Board.  Adjustments shall not be made in
investment valuations for ordinary current market price fluctuation.

(Source: P.A. 87-794.)

40 ILCS 5/13-212

(40 ILCS 5/13-212) (from Ch. 108 1/2, par. 13-212)

Sec. 13-212.

"Age":

Age at last birthday preceding the date on which
ascertainment of age is necessary to any computation under this Article.

(Source: P.A. 87-794.)

40 ILCS 5/13-213

(40 ILCS 5/13-213) (from Ch. 108 1/2, par. 13-213)

Sec. 13-213.

"Contributions":

Any moneys paid or payable to
the Fund by the District or by any employee, or any salary deduction hereunder.

(Source: P.A. 92-53, eff. 7-12-01.)

40 ILCS 5/13-214

(40 ILCS 5/13-214) (from Ch. 108 1/2, par. 13-214)

Sec. 13-214.

"Accumulated employee contributions":

The amounts,
including interest credited thereon, contributed by the employee for
retirement and surviving spouse's annuity to the date of the employee's
withdrawal or death.

(Source: P.A. 87-794.)

40 ILCS 5/13-215

(40 ILCS 5/13-215) (from Ch. 108 1/2, par. 13-215)

Sec. 13-215. "Retirement annuity":

A benefit payable as an annuity for
service as an employee.  The annuity shall be payable in equal monthly
installments for life, except as otherwise provided in this Article,
beginning in the month after the effective date of the annuity, which shall not be prior to the date of withdrawal nor more than one
year prior to the date of the employee's application for the annuity.  A
pro rata amount of the annuity shall be paid for part of a month when the
annuity begins after the first day of the month or ends before
the last day of the month.

Notwithstanding the above, all retirement annuity payments first payable on or after January 1, 2008, shall begin the first of the month following the effective date of retirement.

Effective January 1, 2008, benefits are payable for the full month if the annuitant was alive on the first day of the month.

(Source: P.A. 95-586, eff. 8-31-07.)