40 ILCS 5/9-169
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 9 - County Employees' and Officers' Annuity and Benefit Fund - Counties Over 3,000,000 Inhabitants

 (from Ch. 108 1/2, par. 9-169)Sec. 9-169. Financing - Tax levy.(a) The county board shall levy a  tax annually upon all taxable property in the county at the rate that  will produce a sum which, when added to the amounts deducted from the salaries  of the employees or otherwise contributed by them is sufficient  for the requirements of this Article.For the years before 1962 the tax rate shall be as provided in "The  1925 Act". For the years 1962 and 1963 the tax rate shall be not more  than .0200 per cent; for the years 1964 and 1965 the tax rate shall be  not more than .0202 per cent; for the years 1966 and 1967 the tax rate  shall be not more than .0207 per cent; for the year 1968 the tax rate  shall be not more than .0220 per cent; for the year 1969 the tax rate  shall be not more than .0233 per cent; for the year 1970 the tax rate  shall be not more than .0255 per cent; for the year 1971 the tax rate  shall be not more than .0268 per cent of the value, as equalized or  assessed by the Department of Revenue upon all taxable  property in the county. Beginning with the year 1972 and for each year  thereafter the county shall levy a tax annually at a rate on the dollar  of the value, as equalized or assessed by the Department of Revenue  of all taxable property within the county that will  produce, when extended, not to exceed an amount equal to the total  amount of contributions made by the employees to the  fund in the calendar year 2 years prior to the year for which the annual  applicable tax is levied multiplied by .8 for the years 1972 through  1976; by .8 for the year 1977; by .87 for the year 1978; by .94 for the  year 1979; by 1.02 for the year 1980 and by 1.10 for the year 1981 and  by 1.18 for the year 1982 and by 1.36 for the year 1983 and by 1.54 for  the year 1984 and for each year thereafter.This tax shall be levied and collected in like manner with the  general taxes of the county, and shall be in addition to all other taxes  which the county is authorized to levy upon the aggregate valuation of  all taxable property within the county and shall be exclusive of and in  addition to the amount of tax the county is authorized to levy for  general purposes under any laws which may limit the amount of tax which  the county may levy for general purposes. The county clerk, in reducing  tax levies under any Act concerning the levy and extension of taxes,  shall not consider this tax as a part of the general tax levy for county  purposes, and shall not include it within any limitation of the per cent  of the assessed valuation upon which taxes are required to be extended  for the county. It is lawful to extend this tax in addition to the  general county rate fixed by statute, without being authorized as  additional by a vote of the people of the county.Revenues derived from this tax shall be paid to the treasurer of the  county and held by him for the benefit of the fund.If the payments on account of taxes are insufficient during any year  to meet the requirements of this Article, the county may issue tax  anticipation warrants against the current tax levy.(b) By January 10, annually, the board shall notify the county board  of the requirement of this Article that this tax shall be levied. The  board shall make an annual determination  of the required county contributions, and shall certify the results  thereof to the county board.(c) The various sums to be contributed by the county board and  allocated for the purposes of this Article and any interest to be  contributed by the county shall be taken from the revenue derived from  this tax and no money of the county derived from any source other than  the levy and collection of this tax or the sale of tax anticipation  warrants, except state or federal funds contributed for annuity and  benefit purposes for employees of a county department of public aid  under "The Illinois Public Aid Code", approved April 11, 1967, as now or  hereafter amended, may be used to provide revenue for the fund.If it is not possible or practicable for the county to make  contributions for age and service annuity and widow's annuity  concurrently with the employee contributions made for such purposes,  such county shall make such contributions as soon as possible and  practicable thereafter with interest thereon at the effective rate until  the time it shall be made.(d) With respect to employees whose wages are funded as participants  under the Comprehensive Employment and Training Act of 1973, as amended  (P.L. 93-203, 87 Stat. 839, P.L. 93-567, 88 Stat. 1845), hereinafter  referred to as CETA, subsequent to October 1, 1978, and in instances  where the board has elected to establish a manpower program reserve, the  board shall compute the amounts necessary to be credited to the manpower  program reserves established and maintained as herein provided, and  shall make a periodic determination of the amount of required  contributions from the County to the reserve to be reimbursed by the  federal government in accordance with rules and regulations established  by the Secretary of the United States Department of Labor or his  designee, and certify the results thereof to the County Board. Any such  amounts shall become a credit to the County and will be used to reduce  the amount which the County would otherwise contribute during succeeding  years for all employees.(e) In lieu of establishing a manpower program reserve with respect  to employees whose wages are funded as participants under the  Comprehensive Employment and Training Act of 1973, as authorized by  subsection (d), the board may elect to establish a special County  contribution rate for all such employees. If this option is elected, the  County shall contribute to the Fund from federal funds provided under  the Comprehensive Employment and Training Act program at the special  rate so established and such contributions shall become a credit to the  County and be used to reduce the amount which the County would otherwise  contribute during succeeding years for all employees.       (Source: P.A. 95-369, eff. 8-23-07.)