reglab/housing_qa huggingface dataset:
40 ILCS 5/22C-125
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 22C - The Firefighters' Pension Investment Fund

(40 ILCS 5/22C-125)Sec. 22C-125. Audits and reports.(a) At least annually, the books, records, accounts, and securities of the Fund shall be audited by a certified public accountant selected by the board and conducted in accordance with the rules and procedures promulgated by the Governmental Accounting Standards Board. The audit opinion shall be published as a part of the annual report of the Fund, which shall be submitted to the transferor pension funds and to the Department of Insurance.(b) For the quarterly periods ending September 30, December 31, and March 31, the Fund shall submit to the participating  pension funds and to the Department of Insurance a report providing, among other things, the following information:(1) a full description of the investments acquired,     showing average costs;(2) a full description of the securities sold or     exchanged, showing average proceeds or other conditions of an exchange;(3) gains or losses realized during the period;(4) income from investments;  and(5) administrative expenses.(c) An annual report shall be prepared by the Fund for submission to the participating  pension funds and to the Department of Insurance within 6 months after the close of each fiscal year. A fiscal year shall date from July 1 of one year to June 30 of the year next following. This report shall contain full information concerning the results of investment operations of the Fund.  This report shall include the information described in subsection (b) and, in addition thereto, the following information:(1) a listing of the investments held by the Fund at     the end of the year, showing their book values and market values and their income yields on market values;(2) comments on the pertinent factors affecting such     investments;(3) a review of the policies maintained by the Fund     and any changes that occurred during the year;(4) a copy of the audited financial statements for     the year;(5) recommendations for possible changes in this     Article or otherwise governing the operations of the Fund; and(6) a listing of the names of securities brokers and     dealers dealt with during the year showing the total amount of commissions received by each on transactions with the Fund.  (Source: P.A. 101-610, eff. 1-1-20.)
40 ILCS 5/Art. 23 heading
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 23 - Purpose--Savings Provisions--Repeal

 ARTICLE 23.      PURPOSE--SAVINGS PROVISIONS--REPEAL
40 ILCS 5/23-101
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 23 - Purpose--Savings Provisions--Repeal

 (from Ch. 108 1/2, par. 23-101)Sec. 23-101.     Purpose-Savings provisions.         It is the purpose of this Code to restate, simplify and codify the  respective Acts and parts of Acts repealed by Section 23-102 which  immediately prior to the effective date of this Code governed the publicly  supported retirement systems, annuity and benefit funds and related pension  and benefit Acts. All such systems and funds shall remain separate and  distinct entities. It is intended that this Code shall grant no lesser or  greater rights, credits, equities, pensions or other benefits than existed  under such Acts or parts of Acts so repealed and incorporated as separate  Articles and Divisions of this Code, immediately prior to the effective  date of this Code, except as they may be changed hereafter by specific  amendment to this Code; and all such rights, credits, equities, annuities,  pensions and other benefits are preserved without change, and without loss  or impairment, precisely as if such Acts or parts of Acts had not been  repealed.In like manner, any rights in annuities, pensions or other benefits  derived from and in force or which would have come into force under any  Acts or parts of Acts repealed by Section 23-102 and not continued in any  Article or Division of this Code shall be preserved without change, loss or  impairment, precisely as if such Acts or parts of Acts had not been  repealed.The repeal of any Acts or parts of Acts specified in Section 23-102  shall not affect the validity of any taxes levied or extended under such  Acts or parts of Acts, or of any appropriation ordinances adopted pursuant  thereto, or of any warrants issued against and in anticipation of such  taxes, nor shall the repeal of any Acts or parts of Acts validating and  legalizing appropriation or tax levy ordinances, or both, affect the  validity or operative force of such curative Acts or parts of Acts as  enacted.The repeal of any Act or parts of Acts specified in Section 23-102  shall not affect the validity of any act, decision, determination or other  authority exercised by any retirement board, or other public officer or  agency pursuant to the powers and duties conferred under such Acts or parts  of Acts, nor shall such repeal affect the validity or course of any  judicial or administrative proceeding or action undertaken and pending or  completed on the effective date of this Code.    (Source: Laws 1963, p. 161.)
40 ILCS 5/23-103
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 23 - Purpose--Savings Provisions--Repeal

(40 ILCS 5/23-103) (from Ch. 108 1/2, par. 23-103)Sec. 23-103.     Construction.Nothing in this Code shall be construed to repeal any section of the  various Acts of which this Code is comprised when such section is the  subject of an amendment enacted by the Seventy-third General Assembly and  which becomes law. Furthermore, it is the intent of the General Assembly  that the corresponding section of this Code shall be construed with such  amended section so as to give effect to such amendment as if it was made a  part of this Code.    (Source: Laws 1963, p. 161.)
40 ILCS 5/Art. 24 heading
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 ARTICLE 24.      PUBLIC EMPLOYEES' DEFERRED COMPENSATION
40 ILCS 5/24-101
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 (from Ch. 108 1/2, par. 24-101)Sec. 24-101.         Notwithstanding any law to the contrary, the State of  Illinois or any unit of local government or school district may enter  into a written contract with any of its employees to defer a part of  their gross compensation and may invest such funds in any  such manner as prescribed by the deferred compensation program adopted  by it under this Article.  Compensation deferred pursuant to a deferred  compensation program adopted under this Article shall not exceed the amount  of compensation allowed to be deferred without being subject to income tax  in the year in which it is earned, pursuant to Section 457 of the United  States Internal Revenue Code or laws supplementary or amendatory thereto.It is hereby declared to be in the public interest to provide public employees  with a plan for the deferral of compensation and the accrual of income and  gain thereon if such deferred compensation be invested, and to encourage  the continued service of public employees by making available such benefits to them.    (Source: P.A. 82-145.)
40 ILCS 5/24-102
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 (from Ch. 108 1/2, par. 24-102)Sec. 24-102.   As used in this Article, "employee" means any person,  including a person elected, appointed or under contract, receiving  compensation from the State or a unit of local government or school  district for personal services rendered, including salaried persons. However, "employee", for the purposes of the State Employees Deferred Compensation Plan established under Section 24-104, does not include a person employed by an employer under Section 15-106 who first becomes a participant of the retirement system under Article 15 on or after July 1, 2023 unless the person has made an election to defer compensation into the State Employees Deferred Compensation Plan under a written agreement and the deferral election is in effect as of June 30, 2023. A health care provider who elects to participate in the State Employees Deferred Compensation Plan established under Section 24-104 of this Code shall, for purposes of that participation, be deemed an "employee" as defined in this Section.As used in this Article, "health care provider" means a dentist, physician, optometrist, pharmacist, or podiatric physician that participates and receives compensation as a provider under the Illinois Public Aid Code, the Children's Health Insurance Act, or the Covering ALL KIDS Health Insurance Act.As used in this Article, "compensation" includes compensation received  in a lump sum for accumulated unused vacation, personal leave or sick leave, with the exception of health care providers. "Compensation" with respect to health care providers is defined under the Illinois Public Aid Code, the Children's Health Insurance Act, or the Covering ALL KIDS Health Insurance Act.Where applicable, in no event shall the total of the amount of deferred compensation of an  employee set aside in relation to a particular year under the Illinois  State Employees Deferred Compensation Plan and the employee's  nondeferred compensation for that year exceed the total annual salary or  compensation under the existing salary schedule or classification plan  applicable to such employee in such year; except that any compensation  received in a lump sum for accumulated unused vacation, personal leave or sick  leave shall not be included in the calculation of such totals.  (Source: P.A. 102-540, eff. 8-20-21.)
40 ILCS 5/24-103
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 (from Ch. 108 1/2, par. 24-103)Sec. 24-103.         The deferred compensation program established by this  Article shall exist and serve in addition to other retirement, pension and  benefit systems established by the State, units of local government or  school districts. Any compensation deferred under such a plan shall  continue to be included as regular compensation for the purpose of  computing the retirement and pension benefits earned by any employee, to  the extent that such inclusion is not inconsistent with the other  applicable Articles of this Code.    (Source: P.A. 84-878.)
40 ILCS 5/24-104
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 (from Ch. 108 1/2, par. 24-104)Sec. 24-104.         The Illinois State Board of Investment created under  Article 22A of this Act shall develop and establish a deferred  compensation plan for employees of the State which shall be known as the  State Employees Deferred Compensation Plan. The Plan shall provide for  the Board to review proposed investment offerings and shall require that  only investments determined to be acceptable by the Board may be used  for investing compensation deferred.The Plan shall include appropriate provisions pertaining to its day  to day operation providing for methods of electing to defer income,  methods of changing the amount of income to be deferred, methods of  selecting from among investment options available under the plan and  such other provisions as may be appropriate.The Plan shall provide for the preparation, and distribution from  time to time to all eligible State employees, of pamphlets describing  the Plan and outlining the options and opportunities available to State  employees under the Plan.The Plan established under this Section shall not be implemented or amended  until the Board is satisfied that  compensation deferred under the Plan is not subject to income tax for  the year in which it is earned and that the taxation of such  compensation will be deferred until the time of its distribution to the  employee.The Board shall also review and oversee the administration of the Plan.    (Source: P.A. 81-671.)
40 ILCS 5/24-104.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 (from Ch. 108 1/2, par. 24-104.1)Sec. 24-104.1.         The Plan developed under Section 24-104 shall also provide  for the recovery of the expenses of its administration by charging such  expenses against the earnings from investments or by charging fees equitably  prorated among the participating State employees or by such other appropriate  and equitable method as the Board shall determine.  Different methods for  recovery of administrative expenses may be provided in relation to different  types of investment programs and the Board may provide for the allocation  of administration expenses among varying types of programs for this purpose.All sums advanced by appropriation to the State Board of Investment  for the costs of the development and establishment of the Plan shall be  repaid to the State Treasury not later than June 30, 1986, without interest.  The Plan shall provide for such repayment and may, for that purpose, provide  for the recovery of the development and establishment costs by amortizing  them as a part of the administrative expenses of the Plan over a period  of years ending not later than June 30, 1986.    (Source: P.A. 79-384.)
40 ILCS 5/24-104.2
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

Sec. 24-104.2. Health care providers; tax-exempt status. Health care providers may participate in the Illinois State Employees Deferred Compensation Plan to the extent that the health care providers' participation does not interfere with the Plan's tax-exempt status under the Internal Revenue Code.  (Source: P.A. 96-806, eff. 7-1-10.)
40 ILCS 5/24-105
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 (from Ch. 108 1/2, par. 24-105)Sec. 24-105.   The State Employees Deferred Compensation Plan shall be  administered by the Department of Central Management Services  subject to the general  supervision of the Illinois State Board of Investment. Participation in  such plan shall be by a specific written agreement between each such  employee and the State which agreement shall provide for the deferral of  such amount of compensation as requested by the employee. With each  distribution of compensation to a participating employee, the employee  shall receive a memorandum of the amount by which his gross compensation  for the period involved is reduced by reason of the deferment of  compensation, which amount shall not be included as a part of his gross  compensation as to that period.Funds retained by the State as deferred compensation pursuant to a  written deferred compensation agreement between the State and  participating employees, may be invested in such investments as are  deemed acceptable by the Illinois State Board of Investment including,  but not limited to, life insurance or annuity contracts or mutual funds.  All such insurance, annuities, mutual funds, or other such investments  utilized under this Plan shall have been reviewed and selected by the  Board based on a competitive bidding process as established by such  specifications and considerations as are deemed appropriate by the  Board. Nothing in this Section should be construed as requiring a  limitation on the number and variety of insurance, annuity or mutual  fund contracts which may be selected as a result of this bidding  process.  The State Board of Investment may also invest any funds retained  by the State pursuant to a written deferred compensation agreement between  the State and participating employees in share accounts or share certificate  accounts of State or federal credit unions, the accounts of which are insured  as required by The Illinois Credit Union Act or the Federal Credit Union  Act, as applicable. If a participating employee fails to direct the investment of amounts deferred into the various investment options offered to the participant, the amounts deferred shall be invested in the Plan's default investment fund and the investment shall be deemed to have been made at the participant's investment direction.  Any income and gain resulting from the investment of  a deferred compensation account may be paid to the participant as additional  compensation  for continued service during the period of participation or be used in part  for administrative expenses, all in accordance with the plan.  Such investments  and payments shall not be construed to be prohibited uses of the general  assets of the State.  (Source: P.A. 101-277, eff. 1-1-20.)
40 ILCS 5/24-105.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

Sec. 24-105.1. Changes in federal law.(a) To the extent that federal law or  regulations which require a governmental employer to own the assets of its  deferred compensation plan are changed to allow plans established under Section  457 of the Internal Revenue Code to hold their assets in trust, a custodial  account, an annuity contract, an insurance contract or some other contract, the  Department of Central Management Services and units of local government with  plans established under Section 24-107 shall within a reasonable time amend  their plans accordingly.(b) To the extent that federal law or  regulations have been changed to allow plans established under Section  457 of the Internal Revenue Code to be amended to allow designated Roth contributions and in-plan rollovers to designated Roth accounts, the  Department of Central Management Services and units of local government with  plans established under Section 24-107 shall within a reasonable time amend  their plans accordingly. (Source: P.A. 98-491, eff. 1-1-14.)
40 ILCS 5/24-105.2
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

Sec. 24-105.2. Automatic enrollment for certain employees. The Department of Central Management Services shall automatically enroll in the State Employees Deferred Compensation Plan any employee who, on or after July 1, 2020, becomes an active member or participant of a retirement system created under Article 2, 14, or 18. Any agency with employees subject to automatic enrollment must systematically provide the employee data necessary for enrollment to the Department of Central Management Services or its designee. An employee automatically enrolled under this Section shall have 3% of his or her pre-tax gross compensation for each compensation period deferred into his or her deferred compensation account. The Board may increase the default percentage amount of compensation deferred into employee accounts.An employee shall have 30 days from the start date of employment to elect to not participate in the deferred compensation plan or to elect to increase or reduce the amount of pre-tax gross compensation deferred. An employee shall be automatically enrolled in the Plan beginning the first day of the pay period following the employee's thirtieth day of employment.  An employee who has been automatically enrolled in the Plan may elect, within 90 days of enrollment, to withdraw from the Plan and receive a refund of amounts deferred, plus or minus any applicable earnings, investment fees, and administrative fees. An employee making such an election shall forfeit all employer matching contributions, if any, made prior to the election. Any refunded amount shall be included in the employee's gross income for the taxable year in which the refund is issued.As soon as practicable, the Board shall establish annual, automatic increases to employee contribution rates for employees who are automatically enrolled in the Plan pursuant to this Section. The amount of automatic annual increases in any 12-month period shall not exceed 1% of compensation. Employees may elect to not receive automatic annual increases in a manner described by the Board.(Source: P.A. 101-277, eff. 1-1-20; 102-219, eff. 7-30-21.)
40 ILCS 5/24-106
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 (from Ch. 108 1/2, par. 24-106)Sec. 24-106.             The State or the unit of local government or school district under a  deferred compensation program shall be obligated at any point in time  solely for the then current value of the particular fixed or variable life  insurance or annuity contract, mutual funds or other investment purchased  on behalf of any employee.    (Source: P.A. 78-1277.)
40 ILCS 5/24-107
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 24 - Public Employees' Deferred Compensation

 (from Ch. 108 1/2, par. 24-107)Sec. 24-107.     Local government plans.(a) Any unit of local government or school district may  establish for its employees a deferred compensation program.  Participation shall be by written agreement between each employee and  the legislative authority of the unit of local government or school  district providing for the deferral of such compensation and the  subsequent investment and administration of such funds.(b) Any unit of local government may establish an employer-funded  money purchase retirement plan for those of its full time employees who are  not eligible to participate in any pension fund or retirement system  established under Articles 2 through 18 of this Code.  Contributions to the  plan shall be made by the unit of local government only from general  purpose funds not derived from real property taxes imposed by the unit, at  a rate to be determined from time to time by the unit of local government.  However, the rate of employer contribution shall be (i) the same for all  employees participating in the plan, and (ii) not more than 10% of the  employee's salary.Any benefits accruing to the participants in a retirement plan  established under this subsection shall be protected from impairment in  accordance with Article XIII, Section 5 of the Illinois Constitution.  However, the unit of local government establishing such a plan may  terminate it at any time, unless it has otherwise contractually agreed  with its participating employees.(c) The agency or department designated by the unit of local government  or school district to establish and administer a plan or program authorized  under subsection (a) or (b) of this Section may invest the assets of the  plan in investments deemed appropriate by the agency or  department, including but not limited to life insurance or annuity  contracts, and share or share certificate accounts of State or federal  credit unions, the accounts of which are insured as required by the  Illinois Credit Union Act or the Federal Credit Union Act, whichever is  applicable.  The payment of employer contributions to a retirement  plan established under subsection (b), and investment and  payment to a participant of deferred compensation and income or gain  thereon, if any, shall not be construed to be prohibited uses of the  general assets of the unit of local government or school district.This Section does not limit the power or authority of any unit of  local government, school district or any institution supported in whole  or in part by public funds to establish and administer any other  deferred compensation plans that may be authorized by law and deemed  appropriate by the officials of such subdivisions or institutions.    (Source: P.A. 87-794.)