reglab/housing_qa huggingface dataset:
40 ILCS 5/5-199
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-199)Sec. 5-199.     City contribution reserve.     Amounts contributed by the city for age and service annuity, widow's  annuity and supplemental annuity, (except those contributed instead of  deductions from salary of any policeman receiving duty disability  benefit); also amounts transferred to this reserve from the investment  and interest reserve shall be credited to this reserve.At least once each year, and always before any transfer is made from  this reserve to any other reserve, the sums credited shall be improved  by the proper interest accretions.When the amount of annuity for a policeman or to the widow is fixed,  and when supplemental annuity for a widow first becomes payable, the  total amount in this reserve for the purpose of such annuity and  required therefor shall be charged thereto and credited to the annuity  payment reserve.If there is to the credit of any policeman who withdraws an amount in excess  of that required to provide age and service  annuity, or in excess of that required to provide widow's annuity for  his wife (either or both), such amount shall be retained in this reserve  and improved by interest until the policeman withdraws or dies,  whichever event occurs first; provided, however, that in the case of a  policeman who attains age 63 prior to January 1, 1988 while still in  service, no interest shall be credited between the date the policeman  attains age 63 and January 1, 1988. Any such accumulated amount shall then be  applied as provided in this Article.    (Source: P.A. 86-272.)
40 ILCS 5/5-200
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-200)Sec. 5-200.     Salary deduction reserve.     The following amounts shall be credited to this reserve: (1) Amounts  deducted from salaries of policemen or otherwise contributed for age and  service annuity and widow's annuity; (2) amounts contributed by the city  for any such purposes for any policeman who receives duty disability  benefit in lieu of deductions from his salary; and (3) amounts  transferred to this reserve from the investment and interest reserve.An individual account shall be kept for each policeman from  whose salary any such amount is deducted.  As such amounts are received they  shall be credited to the respective accounts of the policemen.At least once each year, and always before any transfer from this  reserve to any other reserve is made, the sums credited shall be  improved by interest.When the annuity for a policeman or widow is fixed or granted, the  total amount in this reserve for the purpose of the annuity and required  therefor shall be charged thereto and credited to the annuity payment  reserve.Amounts resulting from salary deductions, and amounts resulting from  contributions of the city for any policeman who receives duty disability  benefit in lieu of deduction from his salary, that are to be refunded in  accordance with the provisions of this Article, except those referred to  in Section 5-201, shall be charged to this reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/5-201
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-201)Sec. 5-201.     Annuity payment reserve.     The following amounts shall be credited to this reserve: (1) amounts  transferred from the city contribution reserve and from the salary deduction  reserve for the payment of annuities which have been fixed;  (2) amounts deducted from the salary  of a policeman after the amount of  his age and service annuity has been fixed; and (3) amounts transferred  to this reserve from the investment and interest reserve.All age and service annuities and all widow's annuities shall be  charged to this reserve. Any amount to be refunded under this Article  shall be charged to this reserve.If a policeman whose annuity is fixed or granted withdraws from  service and thereafter re-enters service before age 63, an amount  determined in accordance with this Article shall be charged to this  reserve and credited for age and service annuity in the city  contribution reserve and the salary deduction  reserve, respectively.  Such amount shall be credited in such reserves in the ratio in which the  respective amounts transferred from such reserves for age and service  annuity for the policeman bear to each other at the time his annuity was  fixed. If the wife of such policeman when he re-enters service was his  wife when annuity for his wife was fixed an amount to be determined as  provided in this Article shall be transferred from this reserve and  credited to the policeman for widow's annuity in the city contribution  reserve and the salary deduction reserve, respectively.  Such amount  shall be credited in such reserve in the ratio which the respective  amounts transferred bear to each other at the time the annuity for the  wife was fixed.    (Source: P.A. 81-1536.)
40 ILCS 5/5-202
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-202)Sec. 5-202.     Prior service annuity reserve.     The following amounts shall be credited to this reserve: (1) all  contributions of the city for prior service annuity and widow's prior  service annuity; (2) all other contributions of the city for annuities  not provided entirely from contributions by the policemen  and by the city;  (3) all amounts deducted from the salary  of a future entrant after the  amount of his age and service annuity has been fixed; and (4) all assets  of any police pension fund which exist under "An Act to provide for the  setting apart, formation and disbursement of a police pension fund in  cities having a population exceeding two hundred thousand inhabitants",  approved June 29, 1915, as amended, in such city on the effective date.All prior service annuities and widow's prior service annuities  payable under this Article and the Policemen's Annuity and Benefit Fund  Act of 1921, and all annuities, benefits and pensions which have been or  shall be granted under "An Act to provide for the setting apart,  formation and disbursement of a police pension fund in cities having a  population exceeding two hundred thousand inhabitants", approved June  29, 1915, as amended, shall be charged to this reserve.If at any time the assets of the investment and interest reserve are  not sufficient to permit the transfer from said reserve to the annuity  payment reserve of amounts necessary, according to the American  Experience Table of Mortality and interest at the rate of 4% per annum,  or the Combined Annuity Mortality Table with interest at the rate of 3%,  whichever table may be applicable, to make the balance of the annuity  payment reserve equal to the liabilities chargeable thereto (including  among such liabilities, and in addition to all other liabilities against  such reserve the present values of all annuities entered upon or fixed,  and not entered upon to be charged to such reserve), any amount  necessary for such purpose shall be transferred from this reserve to the  investment and interest reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/5-203
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-203)Sec. 5-203.     Child's annuity reserve.Amounts contributed by the city for child's annuity shall be credited to  this reserve, and all such annuities shall be charged to it.    (Source: Laws 1963, p. 161.)
40 ILCS 5/5-204
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-204)Sec. 5-204.     Duty disability reserve.     Amounts contributed by the city for  duty disability benefit, occupational disease disability benefit, child's  disability benefit, and compensation annuity shall be credited to this  reserve, and all such benefits and annuities shall be charged to it.    (Source: P.A. 90-766, eff. 8-14-98.)
40 ILCS 5/5-205
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-205)Sec. 5-205.     Ordinary disability reserve.     Amounts contributed by the city, and all amounts deducted from the salaries  of policemen for ordinary disability  benefits shall be credited  to this reserve and all such benefits shall be charged to it.    (Source: P.A. 81-1536.)
40 ILCS 5/5-206
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-206)Sec. 5-206.     Gift reserve.     Amounts received by the board for any purpose under any other law or as  gifts, grants, or bequests, or in any manner other than as provided in this  Article, shall be credited to this reserve and the same shall be used for  such purposes of the fund as the board may decide. The balance in this  reserve shall be annually improved by interest at the rate realized  by the Board on its investments in the previous year.    (Source: P.A. 85-964.)
40 ILCS 5/5-207
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-207)Sec. 5-207.     Investment and interest reserve.     All gains from investment and all interest earnings shall be  credited, and all losses from investments shall be charged to this  reserve. From this reserve shall be transferred all amounts due in  interest upon balances existing in the city contribution, the salary deduction,  the prior service annuity, and the gift reserves.Such amounts as shall be necessary, according to the American  Experience Table of Mortality and interest at 4% per year or the  Combined Annuity Mortality Table with 3% per annum as to the assets or  liabilities to which either Table may be applicable in accordance with  the provisions of this Article, to establish a balance in the annuity  payment reserve equal to the liabilities chargeable thereto (including  among such liabilities and in addition to all other liabilities of such  reserve the present values of all annuities entered upon or fixed, and  not entered upon to be charged to such reserve) shall be transferred to  the annuity payment reserve at least once each year.That portion of the annual investment earnings on the fund's invested  assets exclusive of gains or losses on sales or exchanges of assets  during the year on the fund's invested assets as required by Section  5-167.2 of this Article shall be transferred from the investment and  interest reserve to the Supplementary Payment Reserve set forth in  Section 5-167.2.Any balance in the investment and interest reserve shall be either  charged or credited to the Prior Service Annuity Reserve depending on  whether a deficiency or surplus exists in investment and interest  reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/5-208
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-208)Sec. 5-208.     Death benefit reserve.     Amounts contributed by policemen  and the city for ordinary death benefits shall be credited to this  reserve and all such benefits shall be charged to it.  At the close of  each fiscal year, interest at the rate of 3% per year until December 31,  1977 and at 6% thereafter shall be credited on the mean balance in this  reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/5-208.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-208.1)Sec. 5-208.1.     Automatic increase reserve.         Amounts deducted from the salaries of policemen and matching  contributions by the City for the purposes of the automatic increase in  annuity provided in Section 5-167.1, together with interest thereon, shall  be credited to the Automatic Increase Reserve, and all payments of  increased annuities and salary deduction refunds as provided in that  Section shall be charged to the Automatic Increase Reserve.    (Source: Laws 1967, p. 3561.)
40 ILCS 5/5-209
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-209)Sec. 5-209.     Deficiencies in reserves.     (a) Whenever the balance in  the expense reserve, the prior service annuity reserve, the child's annuity  reserve, the duty disability reserve or the ordinary disability reserve  is not sufficient to provide for the expenses and annuities or benefits  chargeable to such reserves, the amount required shall be transferred from  the following named reserves in the order stated: City contribution reserve,  prior service annuity reserve, salary deduction reserve. When any amount  exists in such reserves in excess of that required to pay any expenses,  or annuities or benefits chargeable to any of said reserves to which a transfer  has been made, the excess shall be transferred from the reserve having such  excess to the reserve from which any such sums have been transferred until  the full sum previously transferred is returned. Interest on such transfers  or retransfers at 4% per year shall be credited to the investment and interest reserve.(b) Whenever the balance in the expense reserve, the prior service annuity  reserve, the child's annuity reserve, the duty disability reserve or the  ordinary disability reserve is in excess of that required to pay any expenses,  annuities or benefits chargeable to that reserve and any retransfer required  under subsection (a), the treasurer of the Fund shall so advise the Board  and the chairman of the committee on finance of the city council of the  city, and the city council may by ordinance direct the treasurer of the  Fund to transfer some or all of such excess from such reserve to any other  reserve of the Fund, the balance of which is not sufficient to provide for  the expenses, annuities or benefits chargeable thereto.  No such transfer  shall in any way decrease any contribution required to be made or picked  up by the city under this Article.    (Source: P.A. 82-1044.)
40 ILCS 5/5-210
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-210)Sec. 5-210.     Treasurer of fund.     The city treasurer of the city is the treasurer and custodian of the  fund and shall furnish to the board a bond of such amount as it designates.  The bond shall indemnify the board against any loss which may result from  any action or failure to act on the part of the treasurer and custodian or  any of his agents. All fees and charges incidental to the procuring of the  bond shall be paid by the board.The treasurer shall deposit the moneys of the fund in one or more banks  or savings and loan associations  and in such amounts as the board may by resolution direct upon receiving an  indemnifying bond executed in favor of the board protecting the fund from  loss of any money so deposited. The bond shall be procured and paid for by  the board. The treasurer shall pay for out of the moneys of the fund, and  shall hold custody of, any and all securities ordered by the board to be  purchased. The treasurer shall deliver to the persons designated by the  board any and all securities ordered by the board to be sold, or ordered by  it to be deposited as collateral security for moneys borrowed by the board,  upon receiving notice from the secretary of the board in writing, under the  seal of the board, designating the person to whom the securities are to be  so delivered, and upon the receipt of payment or sales receipt therefor, in  the event such securities are ordered sold by the board, or of a  collateral-deposit receipt in the event such securities are ordered by the  board to be used as collateral for moneys to be borrowed by the board.    (Source: P.A. 83-541.)
40 ILCS 5/5-211
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-211)Sec. 5-211.     Attorney.The chief legal officer of the city is ex officio the legal adviser of  and attorney for the board. The board may employ a licensed attorney to  render such special legal service as may be necessary. No fee or  compensation shall be paid to any attorney unless employed by the board.  Any fee or compensation paid by the board shall be in accord with the  schedule of fees or charges prescribed by a local or state bar association.    (Source: Laws 1963, p. 161.)
40 ILCS 5/5-213
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 5-213)Sec. 5-213.     Credit for service in fire department.     Service rendered by a policeman, as a regular member of the paid fire  department of the city shall be counted, for annuity and benefit  purposes as if such service were rendered as a policeman of the city.  Any salary so received for service in the fire department shall be  considered, for the purposes of this Article, as salary received as a  policeman.Any such fireman who becomes a policeman shall be credited for  annuity purposes with an amount equal to the sums deducted from his salary,  or contributed by him, and paid into the Firemen's Pension Fund  existing in such city by operation of law prior to July 1, 1931, and  such credit shall be treated as prior service credits under this  Article. Such policeman also has the right to pay to the fund an amount  equal to the difference between the amount so credited and the sum he  would have accumulated as a policeman from deductions from salary for  annuity purposes on the date when such payment is made into this fund,  for a period of time corresponding to the period of his service in the  fire department subsequent to January 1, 1922, and the city shall  contribute concurrently such amounts as are provided by Sections 5-169  and 5-170 of this Article. No credit for service rendered while a  member of the fire department shall be allowed, for any of the purposes  of this Article, after July 1, 1931, except such periods of service for  which contributions were made in accordance with the provisions of the  Act relating to the firemen's annuity and benefit fund and for which  amounts have been paid into this fund.Such credits, payments and city contributions shall be improved by  interest and be credited on the books of the fund; and when such  policeman attains age 57 while in the police service, or becomes  separated from service prior to attainment of 57 but after having  completed at least 20 years of service, the accumulation then to his  credit shall be transferred into the annuity payment reserve and shall  thereafter be of the same status as the salary deductions and city  contributions provided for by Sections 5-169 and 5-170. Such  additional payments and city contributions shall be subject to the  refund provisions of this Article.Any such policeman who was a member of the fire department on the day  prior to the effective date shall be considered a present employee in  this fund and any policeman who entered the service of the fire  department subsequent to that date shall be classed as a future entrant.    (Source: P.A. 81-1536.)
40 ILCS 5/5-214.2
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

Sec. 5-214.2. Credit for certain law enforcement service. An active policeman who is a member of  this Fund on or before the effective date of this Section may  establish up to 10 years of additional service credit in 6-month increments for service in a law enforcement capacity under Articles 3, 7, 8, 9, 10, 13, 14, and 15 and Division 1 of Article 22, as a law enforcement officer with the Chicago Housing Authority, or as a law enforcement officer with any agency of the United States government, provided that: (1) service credit is not available for that employment under any other provision of this Article; (2) any service credit for that employment received under any other provision of this Code  or under the retirement plan of the Chicago Housing Authority or Federal Employee Retirement System has been terminated; and (3) the policeman applies for this credit in writing within one year after the effective date of this Section and pays to the Fund within 5 years after the date of application an amount to be determined by the Fund in accordance with this Section.An active policeman who becomes  a member of  this Fund after the effective date of this Section may  establish up to 10 years of additional service credit in 6-month increments for service in a law enforcement capacity under Articles 3, 7, 8, 9, 10, 13, 14, and 15 and Division 1 of Article 22, as a law enforcement officer with the Chicago Housing Authority, or as a law enforcement officer with any agency of the United States government, provided that: (1) service credit is not available for that employment under any other provision of this Article; (2) any service credit for that employment received under any other provision of this Code  or under the retirement plan of the Chicago Housing Authority or Federal Employee Retirement System has been terminated; and (3) the policeman applies for this credit in writing within 2 years after he or she begins employment under this Article and pays to the Fund within 5 years after the date of application an amount to be determined by the Fund in accordance with this Section.The Fund must determine the policeman's payment required to establish creditable service under this Section by  taking into account the appropriate actuarial assumptions, including without limitation the police officer's service, age, and salary history; the level of funding of the Fund; and any other factors that the Fund determines to be relevant. For this purpose, the policeman's required payment should result in no significant increase to the Fund's unfunded actuarial accrued liability determined as of the most recent actuarial valuation, based on the same assumptions and methods used to develop and report the Fund's actuarial accrued liability and actuarial value of assets under Statement No. 25 of Governmental Accounting Standards Board or any subsequent applicable Statement.    (Source: P.A. 95-1036, eff. 2-17-09; 96-285, eff. 8-11-09.)
40 ILCS 5/5-214.3
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000

Sec. 5-214.3. Credit for military service. A policeman may establish creditable service under this Article for all periods of service in the military, naval, or air forces of the United States entered upon before beginning service as an active policeman of a municipality, provided that the policeman pays into the fund the amount the policeman would have contributed if he or she had been a regular contributor during such period, plus an amount determined by the Board to be equal to the municipality's normal cost of the benefit, plus interest at the actuarially assumed rate calculated from the date the employee last became a policeman under this Article. The total amount of such creditable service shall not exceed 2 years.  (Source: P.A. 96-1260, eff. 7-23-10.)