General provisions and savings clause. 3-132) Sec. The term "administrative decision" is as defined in Section 3-101 of the Code of Civil Procedure. 8-12-11. ), (40 ILCS 5/3-114.2) (from Ch. (40 ILCS 5/3-101) (from Ch. A police officer who does not elect to participate in the self-managed plan within the permitted time shall participate in the defined benefit plan otherwise provided under this Article. All initial increases that became payable under this subsection on or after January 1, 1999 and before the effective date of this amendatory Act shall be recalculated and the additional amount accruing for that period, if any, shall be payable to the pensioner in a lump sum. 8-28-07; 95-876, eff. New Jersey 3-120. 3-109.1. ); you can access the Illinois Pension Code on the Illinois General Assembly website. PENSIONS (40 ILCS 5/) Illinois Pension Code. 3-130. (e) Participation. 108 1/2, par. The remainder of employer contributions and investment return thereon shall be forfeited. No person drawing a pension under this Article shall be employed by the Board. (d) Notwithstanding any other provision of this Article, the provisions of this subsection (d) apply to a person who is not a participant in the self-managed plan under Section 3-109.3 and who first becomes a police officer under this Article on or after January 1, 2011. 3-144.1. 90-507, eff. In accordance with the applicable provisions of Articles 1 and 1A and this Article, to control and manage, exclusively, the following: (1) the pension fund, (2) investment expenditures and income, including, interest dividends, capital gains and other distributions on the investments, and, (3) all money donated, paid, assessed, or provided by. 108 1/2, par. The pension shall begin no earlier than upon attainment of age 60 (or upon mandatory retirement from the fund by operation of law due to age, if that occurs before age 60) and in no event before the effective date of this amendatory Act of 1997. ), (40 ILCS 5/3-152) (from Ch. 108 1/2, par. (b) Any person who has made an election under Section 3-109.1, and until July 1, 1993, any such county clerk, may reinstate service which was terminated by receipt of a refund, by payment to the police pension fund of the amount of the refund with interest thereon at the rate of 6% per year, compounded annually, from the date of refund to the date of payment. A participant in the self-managed plan who receives a distribution of his or her vested amounts from the self-managed plan upon or after termination of employment shall forfeit all service credit and accrued rights in the fund of his or her employer; if subsequently re-employed, the participant shall be considered a new employee. (Source: P.A. Transfer to Article 14 System. Such creditable service shall be transferred only upon payment by such police pension fund to the Article 9 fund of an amount equal to: (1) the amounts accumulated to the credit of the, Participation in the police pension fund shall terminate on the date of transfer. To compel witnesses to attend and testify before it upon all matters connected with the administration of this Article, in the manner provided by law for the taking of testimony in the circuit courts of this State. (Source: P.A. To subpoena witnesses. 3-114.2) Sec. (2) If the benefits deductible under this Section are stated in a weekly amount, the monthly amount for the purpose of this Section shall be 52 times the weekly amount, divided by 12. 83-1440. (b) Any such elected city officer, county officer, chief of the County Police Department, undersheriff of the County Sheriff's Department, or sanitary district commissioner may reinstate credits and creditable service terminated upon receipt of a refund, by payment to the fund of the amount of the refund together with interest thereon at the rate of 6% per year, compounded annually from the date of refund to the date of payment. 108 1/2, par. 3-124) Sec. Participation in the self-managed plan under this Section shall constitute membership in an Article 3 pension fund. 8-14-98. (b) The reduction prescribed by this Section shall be computed as follows: (1) In the event that a person entitled to benefits under this Article incurs costs or attorneys' fees in order to establish his entitlement, the reduction prescribed by this Section shall itself be reduced by the amount of such costs and attorneys' fees. - 40 ILCS 5, Section 3-148, Illinois Pension Code. The pensions provided in Sections 3-112, 3-114.1, 3-114.2, and 3-114.6 shall not be paid to a child or dependent parent after marriage or remarriage of the child or dependent parent following the death of the police officer. Creditable service. 3-144.2) Sec. 90-766, eff. ), (40 ILCS 5/3-141.1) Sec. 1-1-08. Board meetings. Georgia 3-114.5) Sec. The tax shall be levied and collected in the same manner as the general taxes of the municipality, and in addition to all other taxes now or hereafter authorized to be levied upon all property within the municipality, and shall be in addition to the amount authorized to be levied for general purposes as provided by Section 8-3-1 of the Illinois Municipal Code, approved May 29, 1961, as amended. 3-110.6. 86-273; 87-1265. 8-22-97. "Creditable service" is the time served by a police officer as a member … Employees who are participating in the program must be allowed to direct the transfer of their account balances among the various investment options offered, subject to applicable contractual provisions. 8-8-11. Oregon - 40 ILCS 5, Section 3-110.4, Illinois Pension Code. 3-108.1. (2) The corporate authorities of the municipality, by. 95-950, eff. 3-130) Sec. Transfer to Article 14 system. (Source: P.A. Regulation Of Public Pension Funds. (e) A person employed by the Village of Shiloh who is otherwise qualified to participate and was excluded from participation by reason of his or her failure to make written application to the Board within 3 months after receiving his or her first appointment or reappointment as required under Section 3-106 may elect to participate by making a written application to the Board before July 1, 2008. 83-1440.) Article 3 - Police Pension Fund - Municipalities 500,000 And Under. 3-111.1. 161. 161. Free Newsletters 95-950, eff. 97-326, eff. A participant in the self-managed plan becomes fully vested in the employer contributions credited to his or her account in the self-managed plan on the earliest to occur of the following: (1) completion of 6 years of service with the, (2) the death of the participating employee while. A police officer shall be considered "on duty" while on any assignment approved by the chief of the police department of the municipality he or she serves, whether the assignment is within or outside the municipality. (b) Until 60 days after the effective date of this amendatory Act of the 97th General Assembly, any active member of the Illinois Municipal Retirement Fund may reinstate all or any portion of his or her service that was terminated by receipt of a refund, by payment to the police pension fund of the amount of the refund with interest thereon at the actuarially assumed rate, compounded annually, from the date of refund to the date of payment. Such sums shall be paid or deducted monthly. 3-141. 3-149. 6‐101. - 40 ILCS 5, Section 3-129, Illinois Pension Code. (Source: P.A. 3-114.1. (f) Notwithstanding the other provisions of this Section, beginning with increases granted on or after July 1, 1993, the second and all subsequent automatic annual increases granted under subsection (a), (b), (d), or (e) of this Section shall be calculated as 3% of the amount of pension payable at the time of the increase, including any increases previously granted under this Section, rather than 3% of the originally granted pension amount. Texas If death occurs as a result of the performance of duty, the 10 year requirement shall not apply and the pension to survivors shall be payable after any period of service. Pennsylvania North Carolina 3-138. - 40 ILCS 5, Section 3-152, Illinois Compiled Statutes 40 Pensions: Article 3 - Police Pension Fund - Municipalities 500,000 And Under. - 40 ILCS 5, Section 3-111.1, Illinois Pension Code. 3-115) Sec. Any benefit to be received by or paid to a dependent beneficiary may be received by or paid to a trust established for such dependent beneficiary if the dependent beneficiary is living at the time such benefit would be received by or paid to such trust. The occupational disease disability pension is payable to the officer during the period of the disability. Creditable Service shall be defined by Section 3-110 of the Illinois Pension Code [40 ILCS 5/3-110]. The other appointed member shall serve for 2 years beginning on the same date. Acceptance of this refund shall bar the police officer's dependents or estate from any further participation in the benefits provided under this Article. - 40 ILCS 5, Section 3-143, Illinois Pension Code. - 40 ILCS 5, Section 3-127, Illinois Pension Code. PENSIONS (40 ILCS 5/) Illinois Pension Code. The vice-president shall perform the duties of president during any vacancy in that office, or during the president's absence from the municipality, or if he or she is by reason of illness or other causes unable to perform the duties of the office. (c) Beginning January 1, 2001, the minimum retirement pension payable to a police officer with 20 or more years of creditable service, the minimum disability pension payable under Section 3-114.1, 3-114.2, 3-114.3, or 3-114.6, and the minimum surviving spouse's pension shall be $1000 per month, without regard to whether the police officer was in service on or after the effective date of this amendatory Act of the 91st General Assembly. (b) For purposes of determining the required employer contribution to a pension fund, the value of the pension fund's assets shall be equal to the actuarial value of the pension fund's assets, which shall be calculated as follows: (1) On March 30, 2011, the actuarial value of a. pension fund's assets shall be equal to the market value of the assets as of that date. 97-273, eff. Re-entry into active service. A police officer who receives a disability pension under Section 3-114.1, 3-114.2, or 3-114.6 for more than 2 years and who returns to active duty must remain in active police service for at least 5 years before becoming eligible for a disability pension greater than the pension paid for the prior disability. In order to be eligible for a pension under this subsection (c), the police officer must have at least 8 years of creditable service in a second police pension fund under this Article and be receiving a pension under subsection (a) or (b) of this Section from that second fund. (6) The Illinois Freedom of Information Act. The rules may require that all calculations made under paragraph (2) be reported to the Division by the board performing the calculation, together with documentation of the creditable service to be transferred, the amounts of contributions and interest to be transferred, the manner in which the calculation was performed, the numbers relied upon in making the calculation, the results of the calculation, and any other information the Division may deem useful.
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