(40 ILCS 5/Art. 13 Pt. VIII heading) Part VIII.
Miscellaneous.
|
(40 ILCS 5/13-801) (from Ch. 108 1/2, par. 13-801)
Sec. 13-801.
Transfer of credits to General Assembly Retirement System.
(a) Payments. Any active member of the General Assembly Retirement
System may apply for a transfer of 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 | ||
| ||
(2) municipality credits computed and credited under | ||
| ||
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 such member 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 such member would have made if
an election to participate had been made, plus interest to the date of payment.
(b) 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
such member 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 such member would have
made if an election to participate had been made, 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.
(c) Termination of continued participation. 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.
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 this Fund of:
(1) the amount by which the employer and employee | ||
| ||
(2) interest thereon at 6% per annum compounded | ||
| ||
(Source: P.A. 87-794.)
|
(40 ILCS 5/13-802) (from Ch. 108 1/2, par. 13-802)
Sec. 13-802.
Transfer of creditable service to Article 8 or 9 funds.
(a) Any city officer as defined in Section 8-243.2 of this Code, and any
county officer elected by vote of the people who is a participant in the
pension fund established under Article 9 of this Code, may apply for a
transfer of credits and creditable service accumulated under this Fund to
such Article 8 or 9 fund. Such creditable service shall be transferred
forthwith. Payment by this Fund to the Article 8 or 9 fund shall be made
at the same time and shall consist of:
(1) the amounts accumulated to the credit of the | ||
| ||
(2) employer contributions computed by the Board and | ||
| ||
Participation in this Fund as to any credits transferred under this
Section shall terminate on the date of transfer.
(b) Any such elected city officer or county officer who has credits and
creditable service under the Fund may establish additional credits and
creditable service for periods during which such officer could have elected
to participate but did not so elect. Credits and creditable service may be
established by payment to the Fund of an amount equal to the contributions
such officer would have made if an election to participate had been made,
plus interest to the date of payment.
(c) Any such elected city officer or county officer may reinstate
credits and creditable service 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. 87-794.)
|
(40 ILCS 5/13-803) (from Ch. 108 1/2, par. 13-803)
Sec. 13-803.
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 amount required to make all annuity and disability
benefit payments which shall become due and payable within the following 60
days. Such sum or any part thereof shall be kept on deposit in any bank or
savings and loan association authorized to do business under the laws of
this State. The amount deposited in any such bank or savings and loan
association shall not exceed 25% of its paid-up capital and surplus.
No bank or savings and loan association shall receive investment funds as
permitted by this Section, unless it has complied with the requirements,
other than the maximum deposit requirement, established pursuant to Section
6 of "An Act relating to certain investments of public funds by public
agencies", approved July 28, 1943, as now or hereafter amended.
(Source: P.A. 87-794.)
|
(40 ILCS 5/13-804) (from Ch. 108 1/2, par. 13-804)
Sec. 13-804.
Accounting.
An adequate system of accounts and records
shall be established which will give effect to all requirements of this
Article. Individual employee accounts shall be maintained, to which shall
be credited contributions by salary deductions or otherwise, and such
interest increments thereon as are provided herein. The assets of the Fund
shall be credited according to the purposes for which they are held.
(Source: P.A. 87-794.)
|
(40 ILCS 5/13-805) (from Ch. 108 1/2, par. 13-805)
Sec. 13-805.
Annuities and benefits exempt.
All annuities and benefits
granted under this Article shall be exempt from attachment or garnishment
process and shall not be seized, taken, subjected to, detained, or levied
upon by virtue of any judgment, or any process or proceeding whatsoever
issued out of or by any court, for the payment and satisfaction in whole or
in part of any debt, damage, claim, demand, or judgment against any
annuitant or other beneficiary hereunder.
No annuitant or other beneficiary shall have any right to transfer or
assign an annuity or benefit or any part thereof, either by mortgage or
otherwise except that an annuitant who elects to participate in any group
hospital care plan or group medical or surgical plan shall have the right to
authorize the Board to deduct the cost of such plan from the annuity check
and to pay such deducted amount to the group insurance carrier; provided,
that the Board, in its discretion, may pay to the spouse of any annuitant,
or disability beneficiary, such amount from the annuity or disability
benefit as any court of competent jurisdiction may order, or as the Board
may consider necessary for the support of the spouse and children in the
event of the disappearance or unexplained absence of the annuitant, or
disability beneficiary, or of failure to support the spouse and children.
The Board may withhold from any future annuity or benefit payments such
amounts as it may in its discretion require for the purpose of repayment
into the Fund of any moneys paid to any annuitant, or disability beneficiary
through misrepresentation, fraud or error. The Board, and the members
thereof, and the Fund shall not be held liable for any amounts so withheld.
(Source: P.A. 87-794.)
|
(40 ILCS 5/13-806) (from Ch. 108 1/2, par. 13-806)
Sec. 13-806.
Fraud.
Any person, member, trustee or employee of the
Retirement Board who knowingly makes any false statement or falsifies or
permits to be falsified any record in any attempt to defraud the Fund as a
result of such act or intentionally or knowingly defrauds the Fund in any
manner is guilty of a Class A misdemeanor.
(Source: P.A. 87-794.)
|
(40 ILCS 5/13-807) (from Ch. 108 1/2, par. 13-807)
Sec. 13-807. Felony conviction. None of the benefits provided in this
Article shall be paid to any person who is convicted of any felony relating
to or arising out of or in connection with service as an employee.
None of the benefits provided for in this Article shall be paid to any person who otherwise would receive a survivor benefit who is convicted of any felony relating to or arising out of or in connection with the service of the employee from whom the benefit results. This Section shall not operate to impair any contract or vested right
heretofore acquired under any law or laws continued in this Article, nor to
preclude the right to a refund, and for the changes under this amendatory Act of the 100th General Assembly, shall not impair any contract or vested right acquired by a survivor prior to the effective date of this amendatory Act of the 100th General Assembly.
All persons entering service subsequent to July 11, 1955 shall be deemed
to have consented to the provisions of this Section as a condition of
coverage, and all participants entering service subsequent to the effective date of this amendatory Act of the 100th General Assembly shall be deemed to have consented to the provisions of this amendatory Act as a condition of participation.
(Source: P.A. 100-334, eff. 8-25-17.)
|
(40 ILCS 5/13-808) (from Ch. 108 1/2, par. 13-808)
Sec. 13-808.
Retirement Systems Reciprocal Act.
The "Retirement Systems
Reciprocal Act", being Article 20 of this Code, as now enacted and
hereafter amended, is hereby adopted and made a part of this Article;
provided that where there is a direct conflict in the provisions of such
Act and the specific provisions of this Article, such latter provisions shall
prevail.
(Source: P.A. 87-794.)
|
(40 ILCS 5/13-809) (from Ch. 108 1/2, par. 13-809)
Sec. 13-809. Administrative review. The provisions of the
Administrative Review Law, and all amendments and modifications thereof and
the rules adopted pursuant thereto shall apply to and govern all
proceedings for the judicial review of final administrative decisions of
the Retirement Board provided for under this Article. The term
"administrative decision" is as defined in Section 3-101 of the Code of
Civil Procedure.
(Source: P.A. 98-756, eff. 7-16-14.)
|
(40 ILCS 5/13-810) (from Ch. 108 1/2, par. 13-810)
Sec. 13-810.
General provisions and savings clause.
The provisions of
Article 1 and Article 23 of this Code apply to this Article as though such
provisions were fully set forth in this Article as a part hereof.
(Source: P.A. 87-794.)
|