reglab/housing_qa huggingface dataset:
40 ILCS 5/8-216
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-216)Sec. 8-216.     Prior service annuity reserve.Amounts contributed by the city for prior service annuity, widow's prior  service annuity and minimum annuities, shall be credited to this reserve.  All assets of any Municipal Pension Fund as herein defined in the city on  the effective date, which were received by the board, and all assets of any  municipal pension fund created under the Public School Employees' Pension  Act of 1903, which were received by the board, shall also be credited to  this reserve.Prior service and widow's prior service annuities payable under this  Article and all annuities, benefits and pensions, granted or which shall be  granted to any employee by any such Municipal Pension Fund or School  Employees' Pension Fund, and that part of any minimum annuity which is in  excess of the age and service and prior service annuity shall be charged to  this reserve.If the balance of the investment and interest reserve is not sufficient  to permit a transfer from that reserve to the annuity payment reserve of  amounts necessary according to applicable mortality table and interest rate  to make the balance of the annuity payment reserve equal to the liabilities  chargeable thereto (including the present values of all annuities entered  upon or fixed and of all annuities not entered upon), amounts necessary for  such purpose shall be transferred from this reserve to the investment and  interest reserve.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-217
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-217)Sec. 8-217.     Child's annuity reserve.Amounts contributed by the city for child's annuity shall be credited to  this reserve and such annuities shall be charged to it.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-218
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-218)Sec. 8-218.     Duty disability reserve.Amounts contributed by the city for duty disability benefits and child's  disability benefits, and amounts contributed by the city for compensation  annuity shall be credited to this reserve. Such benefits and annuities  shall be charged to it.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-219
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-219)Sec. 8-219.     Ordinary disability reserve.Amounts contributed by the city for ordinary disability benefits shall  be credited to this reserve and such benefits shall be charged to it.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-220
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-220)Sec. 8-220.     Gift reserve.Money or property received by the board for any purpose, under other  laws, or as gifts, grants, or bequests, or in any manner other than  provided in any section of this Article shall be credited to this reserve  and used for such purposes of the fund as are approved by the board. The  balance in this reserve shall be improved by interest at the effective  rate.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-221
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-221)Sec. 8-221.     Investment and interest reserve.(1) Gains from investments and interest earnings shall be credited to  this reserve. Losses from investments shall be charged to it. From this  reserve shall be transferred amounts due in interest upon balances existing  in the city contribution, the salary deduction, the prior service annuity,  and the gift reserves.(2) 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 and interest at the rate of 3% per annum, as to those  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 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.(3) 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 specified in  Section 8-137.1 of this Article, shall be transferred from the investment  and interest reserve to the Supplementary Payment Reserve set forth in  Section 8-137.1.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 said investment and interest  reserve.    (Source: P.A. 76-1302.)
40 ILCS 5/8-222
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-222)Sec. 8-222.     Deficiencies in reserves.     If 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, either  of these, is not sufficient to provide for expenses, annuities, or  benefits chargeable thereto, the deficiency shall be removed by a  transfer from the following reserves in the order stated: City  contribution reserve; prior service annuity reserve; employee's contribution  reserve; annuity payment reserve. When any excess exists in any of the  said reserves to which a transfer was made, the excess shall be  transferred from any of such reserves to the reserves from which a  transfer had been made until the full sum previously transferred is  restored. Interest of 4% per annum upon such transfers and retransfers  shall be credited to the investment and interest reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/8-223
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-223)Sec. 8-223.     Treasurer of fund.The city treasurer shall be ex-officio the treasurer and custodian of  the fund and shall furnish to the board a bond of such amount as the board  designates, which shall indemnify the board against any loss which may  result from any action or failure to act by him or any of his agents. Fees  and charges incidental to the procuring of such bond shall be paid by the  board.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-224
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-224)Sec. 8-224.     Attorney.The chief legal officer of the city shall be the legal advisor of and  attorney for the board.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-225
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-225)Sec. 8-225.         Computation of term of service, annual salary, salary deductions,  and actual compensation.  For the purpose of this Article, term of service, annual salary,  salary deductions and actual  compensation shall be computed as provided  in Sections 8-226 to 8-235, inclusive.    (Source: P.A. 81-1536.)
40 ILCS 5/8-226.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-226.1)Sec. 8-226.1.         (a) Any active member of the General Assembly Retirement System  may apply for transfer of his 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 applicant, including  interest, on the books of the Fund on the date of transfer, but excluding any additional  or optional credits, which credits shall be refunded to the applicant; and(2) municipality credits computed and credited under this Article including  interest, on the books of the Fund on the date the member terminated service  under the Fund.  Participation in this Fund as to any credits transferred  under this Section shall terminate on the date of transfer.(b) 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 he 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 he would have made if he had elected to participate,  plus interest to the date of payment.(c) An active member of the General Assembly may reinstate service and  service credits 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.(d) 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 he was an employee and could have elected  to participate in the Fund but did not so elect, by paying to the Fund prior  to January 1, 1990 an amount equal to the  contributions he would have made  if he had elected to participate, plus interest thereon at 6% per annum  compounded annually from such period to the date of payment.Any active member of the General Assembly may apply for transfer of his  credits and creditable service established under this subsection (d) to  any annuity and benefit fund established under Article 12 of this  Act.  Such credits and creditable service shall be transferred forthwith,  together with a payment from this Fund to the designated Article 12 fund  consisting of the amounts accumulated to the credit of the applicant under  this subsection (d), including corresponding employer contributions and interest, on the  books of the Fund on the date of transfer.  Participation in this Fund as  to any credits transferred under this subsection shall terminate on the  date of transfer.    (Source: P.A. 86-272.)
40 ILCS 5/8-226.2
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-226.2)Sec. 8-226.2.     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 he was an employee of an employer in an elective  office, or in the service of an employer by temporary appointment or in  a position exempt from the classified service as set forth in the Civil  Service Act, or in a provisional or exempt position as specified in the  personnel ordinance, 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 he would  have made if he had elected to participate 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.    (Source: P.A. 82-785.)
40 ILCS 5/8-226.3
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-226.3)Sec. 8-226.3.         (a) 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.(b) 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 the Fund of (1) the amount by which the employer  and employee contributions that would have been required if he had participated  in this Fund during the period for which credit under Section 2-117.1 is  being transferred, plus interest, exceeds the amounts actually transferred  under that Section to the Fund, plus (2) interest thereon at 6% per annum  compounded annually from the date of such participation to the date of payment.    (Source: P.A. 82-342.)
40 ILCS 5/8-226.4
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-226.4)Sec. 8-226.4.     Transfer of creditable service to Article 9 or 13 fund.(a) Any county officer elected by vote of the people (and until March  1, 1993 any other person in accordance with Section 9-121.11) who is a  participant in a pension fund established under Article 9 of this Code,  any chief of the County Police Department or undersheriff of the County  Sheriff's Department who has elected under subparagraph (j) of Section 9-128.1  to be included within the provisions of Section 9-128.1 of Article 9 of this  Code, and any elected sanitary district commissioner who is a participant in  a pension fund established under Article 13 of this Code, may apply for  transfer of his credits and creditable service accumulated under this Fund  to such Article 9 or 13 fund.  Such creditable service shall be  transferred forthwith.  Payment by this Fund to the Article 9 or 13 fund  shall be made at the same time and shall consist of:(1) the amounts accumulated to the credit of the     applicant, including interest, on the books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and(2) municipality credits computed and credited under     this Article, including interest, on the books of the Fund on the date the member terminated service under the Fund.    Participation in this Fund as to any credits transferred under this  Section shall terminate on the date of transfer.(b) Any such elected county officer, chief of the County Police  Department, undersheriff of the County Sheriff's Department, or sanitary  district commissioner  who has credits and creditable service under the Fund may establish  additional credits and creditable service for periods during which he  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 he would have made if he had elected to participate, plus  interest to the date of payment.(c) Any such elected 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  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. 89-643, eff. 8-9-96.)
40 ILCS 5/8-226.5
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-226.5)Sec. 8-226.5.     Transfer of creditable service to Article 5 fund.       Pursuant to Section 5-234 of this Code, a police officer who is a  participant in a pension fund established under  Article 5 of this Code may apply for transfer of his credits and creditable  service accumulated under this Fund to such Article 5 fund.  Such  creditable service shall be transferred forthwith.  Payment by this Fund to  the Article 5 fund shall be made at the same time and shall consist of:(1) the amounts accumulated to the credit of the applicant, including  interest, on the books of the Fund on the date of transfer, but excluding  any additional or optional credits, which credits shall be refunded to the  applicant; and(2) municipality credits computed and credited under this Article,  including interest, on the books of the Fund on the date the member  terminated service under the Fund.Participation in this Fund as to any credits transferred under this  Section shall terminate on the date of transfer.    (Source: P.A. 86-272.)
40 ILCS 5/8-226.6
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-226.6)Sec. 8-226.6.     Transfer to Article 18 system.     Any active member of the  Judges Retirement System who is eligible to transfer service credit to that  System from this Fund under subsection (g) of Section 18-112 may apply for  transfer of that service credit to the Judges Retirement System.  The  credits and creditable service shall be transferred upon application, and  shall include payment by this Fund to the Judges Retirement System of:(1) the amounts accumulated to the credit of the     applicant for that service, including interest, on the books of the Fund on the date of transfer; and(2) the corresponding employer credits computed and     credited for that service under this Article, including interest, on the books of the Fund on the date of transfer.Participation in this Fund as to the credits transferred under this  Section shall terminate on the date of transfer.    (Source: P.A. 87-1265.)
40 ILCS 5/8-226.7
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

Sec. 8-226.7. Transfer to Article 7. Until 6 months after the effective date of this amendatory Act of the 95th General Assembly, any member who is a sheriff's law enforcement employee under Article 7 of this Code who is eligible to transfer service credit to that Fund from this Fund under paragraph (9) of subsection (a) of Section 7-139 may apply for transfer of that service credit to the Illinois Municipal Retirement Fund. The credits and creditable service shall be transferred upon application, and shall include payment by this Fund to the Illinois Municipal Retirement Fund of:(1) the amounts accumulated to the credit of the     applicant for that service, including interest, on the books of the Fund on the date of transfer; and(2) the corresponding employer credits computed and     credited for that service under this Article, including interest, on the books of the Fund on the date of transfer.Participation in this Fund as to the credits transferred under this Section shall terminate on the date of transfer.  (Source: P.A. 95-504, eff. 8-28-07.)
40 ILCS 5/8-227
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-227)Sec. 8-227.     Service as police officer, firefighter or teacher.(a) Service rendered by an employee as a police officer and member of  the regularly constituted police department of the city, or as a firefighter  and regular member of the paid fire department of the city, or as a teacher in  the public school system in the city shall be counted, for the purposes of this  Article, as service rendered as an employee of the city.  Salary received for  any such service shall be treated, for the purposes of this Article, as salary  received for the performance of duty as an employee.(b) Subsection (a) applies  to service rendered after the effective date only if the employee pays to the  Fund, prior to separation from service, an amount equal to what  would have accumulated in his or her account from salary deductions as  employee contributions, including interest at the effective rate, if such  contributions had been made for age and service and spouse's annuity during  all of such service; provided, that no service shall be counted or payments  received for any period of service for which the employee retains or has not  forfeited his or her rights to credit for the same period of service in  another annuity and benefit fund, or pension fund, in operation in the city  for the benefit of such police officers, firefighters, or teachers.  The  amount transferred to the Fund under item (1) of Section 5-233.1, if any,  shall be credited against the contributions required under this subsection.    (Source: P.A. 92-599, eff. 6-28-02.)
40 ILCS 5/8-228
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants

 (from Ch. 108 1/2, par. 8-228)Sec. 8-228.     Transfers within service.     Whenever an employee is transferred  or assigned from one position in  the service of the employer to another position in such service, he  shall not be involuntarily removed from membership in this fund, but may  continue to participate as a contributor until because of such other  position he becomes a participant in another public pension fund for the  benefit of employees of the employer.Any employee who withdraws from a position in the service which he  holds because of employment in the classified civil service or career service other than  by temporary or provisional appointment, and who then accepts a position in the service  which would normally require his election for participation and  membership, shall be continued as a participant and member in the fund  while employed by virtue of a temporary or provisional appointment, unless  he elects to sever his membership  by making application for refund within a period of 90 days from the  date of such employment in such other position, and is otherwise  eligible for refund.    (Source: P.A. 81-782.)