reglab/housing_qa huggingface dataset:
40 ILCS 5/6-191
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-191)Sec. 6-191.     To make rules.To make rules and regulations necessary for the administration of the  fund.    (Source: Laws 1963, p. 161.)
40 ILCS 5/6-191.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

Sec. 6-191.1. To reproduce records. To have any records kept by the board photographed, microfilmed, or digitally or electronically reproduced in accordance with the Local Records Act. The photographs, microfilm, and digital and electronic reproductions shall be deemed original records and documents for all purposes, including introduction in evidence before all courts and administrative agencies.  (Source: P.A. 99-793, eff. 8-12-16.)
40 ILCS 5/6-192
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-192)Sec. 6-192.     Moneys which may be held on deposit.     To pay annuities and benefits, the board may at all times keep  uninvested a sum not in excess of the amount required for such payments  which become due and payable within the following 90 days. Such sum or  any part thereof, shall be kept on deposit in any bank or savings and  loan association authorized to do business in this State. The amount which  the board may deposit  in any such bank or savings and loan association, however, shall not  exceed 25% of the paid up capital  and surplus of the bank or savings and loan association.No bank or savings and loan association shall receive investment funds  as permitted by this Section, unless it has complied with the requirements,  other than the maximum deposit requirement, established pursuant to Section  6 of "An Act relating to certain investments of public funds by public agencies",  approved July 23, 1943, as now or hereafter amended.    (Source: P.A. 83-541.)
40 ILCS 5/6-193
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-193)Sec. 6-193.     Accounting.     An adequate system of accounts and records shall  be established to give effect to the requirements of this Article, and  shall be maintained in accordance with generally accepted accounting  principles. The reserves designated in Sections 6-194 to 6-205, inclusive,  shall be maintained.    (Source: P.A. 86-273.)
40 ILCS 5/6-194
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-194)Sec. 6-194.     Expense reserve.Amounts contributed by the city for cost of administration shall be  credited to this reserve. All expenses of administration shall be charged  to this reserve.    (Source: Laws 1963, p. 161.)
40 ILCS 5/6-195
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-195)Sec. 6-195.     City contribution reserve.     All amounts which the city contributes for age and service annuity,  widow's and supplemental annuity, except those contributed in lieu of  deductions from salary of any fireman who  receives duty disability  benefit, and all amounts transferred to this reserve from the investment  and interest reserve shall be credited to this reserve.An individual account shall be kept in this reserve for each employee  and for each widow for which the city shall contribute for supplemental  annuity to which city contributions and interest shall be credited.At least once each year, and always before any transfer is made from  this reserve to any other reserve, the credits shall be improved by  interest.When the annuity for a fireman or widow is fixed, and when  supplemental annuity for a widow first becomes payable, the total amount  in this reserve for the purpose of providing such annuity and required  therefor shall be charged to this reserve and credited to the annuity  payment reserve.If there is to the credit of any fireman who withdraws from service  before age 63, an amount in excess of that required to provide him 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 fireman becomes age 63  or dies, whichever event occurs first. Any such accumulated amount shall  then be used in accordance with the provisions of this Article.    (Source: P.A. 81-1536.)
40 ILCS 5/6-196
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-196)Sec. 6-196.     Salary deduction reserve.     The following amounts shall be credited to this reserve: (1) Amounts deducted  from salaries of firemen for age  and service annuity and  widow's annuity; (2) amounts contributed by the city for any such  annuity purpose for any fireman 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 fireman from whose  salary  any such amount is deducted. As such amounts are received, they  shall be allocated and credited to the respective accounts of the  firemen.At least once each year, and always before any moneys shall be  transferred to any other reserve, the sums credited shall be improved by  interest.When the annuity for a fireman 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 fireman who receives duty disability  benefit in lieu of deductions from his salary, that are to be refunded  in accordance with the provisions of this Article, except those referred  to in Section 6-197, shall be charged to this reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/6-197
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-197)Sec. 6-197.     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 fireman 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 on account of such  annuities under Sections 6-143, 6-160 and 6-162 of this Article shall  be charged to this reserve.If a fireman 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 to him for age and service annuity in the city contribution and   salary deduction reserves, respectively. Such  amount shall be credited  in said reserves in the ratio in which the respective amounts  transferred from such reserves for age and service annuity for the  fireman bear to each other at the time his annuity was fixed. If the  wife of such fireman 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  fireman for widow's annuity in the city contribution reserve and the salary  deduction reserve, respectively. Such amount shall  be credited in  said reserves in the ratio in which the respective amounts transferred  bear to each other at the time the annuity for the wife of the fireman  was fixed.If at the end of any year the balance in the Annuity Payment Reserve  is in excess of the liabilities chargeable thereto by 15% thereof, the  excess shall be transferred to the Investment and Interest Reserve,  Ordinary Disability Benefit Reserve, Expense Reserve, Prior Service  Annuity Reserve, or City Contribution Reserve in the order named, to  remove any deficiency then existing in such reserves.    (Source: P.A. 81-1536.)
40 ILCS 5/6-198
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-198)Sec. 6-198.     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 to provide prior  service annuities in accordance with this Article shall be credited to this  reserve; and (3) all assets of any firemen's pension fund which were  received by the board under "An Act to provide for a firemen's pension fund  and to create a board of trustees to administer said fund in cities having  a population exceeding two hundred thousand (200,000) inhabitants", filed  June 14, 1917, as amended, in such city on the effective date, as  provided in Section 10-9-53 of the Firemen's Annuity and Benefit Fund Act  of the Illinois Municipal Code.All prior service annuities and widow's prior service annuities payable  under this Article and the "Firemen's Annuity and Benefit Fund Act of the  Illinois Municipal Code", and all annuities, benefits and pensions which  have been or shall be granted under said Act, filed June 14, 1917, as  amended, and the requirements for term annuities, shall be charged to this  reserve.If at any time the balance in the investment and interest reserve is not  sufficient to permit a transfer from that reserve to the annuity payment  reserve of such amounts as are necessary according to the American  Experience Table of Mortality and the Combined Annuity Table and applicable  rates of interest, whichever table applies, 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  of such reserve, the present values of all annuities entered upon, and of  all annuities 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: Laws 1963, p. 2034.)
40 ILCS 5/6-199
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-199)Sec. 6-199.     Child's annuity reserve.Amounts contributed by the city for child's annuities shall be credited  to this reserve and all such annuities shall be charged to it.    (Source: Laws 1963, p. 161.)
40 ILCS 5/6-200
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-200)Sec. 6-200.     Duty disability reserve.Amounts contributed by the city for duty 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: Laws 1963, p. 161.)
40 ILCS 5/6-201
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-201)Sec. 6-201.     Ordinary disability reserve.     Amounts contributed by the city, and all amounts deducted from the salaries  of firemen 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 5/6-202
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-202)Sec. 6-202.     Gift reserve.     All money or property received by the board for  any purposes of the fund under any law other than this law, or as gifts,  grants, or bequests or in any manner other than as provided in this  Article, shall be placed in this reserve and used for the purposes of the  fund as the board decides; provided that, whenever any gift of moneys or  other property is made to this reserve to be used for the benefit of any  class of beneficiaries of this fund, such moneys or other property shall be  used only for such specified purpose. 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. 86-273.)
40 ILCS 5/6-203
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-203)Sec. 6-203.     Investment and interest reserve.     All gains from investments and all interest earnings shall be  credited to the investment and interest reserve. 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, salary deduction, prior service  annuity, ordinary  disability, and the gift reserves.Such amounts as may be necessary, according to the American  Experience Table of Mortality and interest at 4% per annum, or the  Combined Annuity Mortality Table with 4% per annum as to the assets or  liabilities to which either table may be applicable in accordance with  this Article for the purpose of establishing 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 as required by this Section shall be transferred from the  investment and interest reserve to the Supplementary Payment Reserve.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 the investment and interest  reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/6-204
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-204)Sec. 6-204.     Death benefit reserve.     Amounts contributed by firemen and the city for ordinary death  benefits shall be credited to this reserve and all such benefits shall  be charged to this reserve. At the close of each fiscal year, interest  at the rate of 3% per year shall be credited on the mean balance in this  reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/6-205
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-205)Sec. 6-205.     Automatic increase reserve.     Amounts contributed by firemen and the city to provide the 1 1/2%  retirement annuity increments as provided in Section 6-164, together  with interest allocations, shall be credited to this reserve, and all  payments for annuity increments shall be charged to this reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/6-206
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-206)Sec. 6-206.     Deficiencies in reserves.     If at any time 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 one of these) is not  sufficient to provide for expenses, annuities or benefits which are  chargeable to such reserves, the remainder required shall be transferred  from any or all of the following named reserves in the order stated:  city contribution reserve, prior service annuity reserve, salary deduction  reserve. When amounts in excess of that required to pay any  expenses, annuities or benefits chargeable to the reserves to which such  sums have been transferred shall be received into such reserves, such  excess amounts shall be transferred to the reserves from which any such  sums were taken until the full sum is returned to the reserves from  which a transfer was made. Interest at 4% per annum upon any transfer  and retransfer shall be credited to the investment and interest reserve.    (Source: P.A. 81-1536.)
40 ILCS 5/6-207
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-207)Sec. 6-207.     Treasurer of fund.The city treasurer of the city is ex officio, the treasurer and  custodian of the fund and shall furnish the board a bond of such amount as  it designates, which bond shall indemnify the board against any loss which  may result from any action or failure to act on the part of such treasurer  and custodian or any of his agents. All fees and charges incidental to the  procuring and giving of the bond shall be paid by the board.    (Source: Laws 1963, p. 161.)
40 ILCS 5/6-208
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-208)Sec. 6-208.     Attorney.The chief legal officer of the city is ex officio, the legal advisor of  and attorney for the board. The detailed legal work necessary to the proper  administration of the fund shall be performed by a licensed attorney  employed and paid by the board. All legal opinions of the attorney so  employed shall be submitted to the chief legal officer of the city before  action shall be taken thereon by the board.    (Source: Laws 1963, p. 161.)
40 ILCS 5/6-210
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 6-210)Sec. 6-210. Credit allowed for service in police department. Service rendered by a fireman, as a regularly appointed and sworn  policeman of the city shall be included, for the purposes of this  Article, as if such service were rendered as a fireman of the city.  Salary received by a fireman for any such service as a policeman shall  be considered, for the purposes of this Article, as salary received as a  fireman. Any annuity payable to a fireman under this Article shall be  reduced by any pension or annuity payable to him from any policemen's annuity and benefit fund in operation in the city, and any member entering service after January 1, 2011 shall not be given service credit in this fund for any period of time in which the member is in receipt of retirement benefits from any annuity and benefit fund in operation in the city.Any policeman who becomes a fireman, subsequent to July 1, 1935, may  contribute to the fund an amount equal to the sum which would have  accumulated to his credit from deductions from salary  for annuity  purposes if he had been contributing to the fund such sums as he  contributed for annuity purposes to the policemen's annuity and benefit  fund, and no credit for periods of service rendered by him in the police  department shall be allowed, under this Article, except as to such  periods for which he made contributions to the policemen's annuity and  benefit fund, provided he has made the payments required by this  Article.(Source: P.A. 96-1466, eff. 8-20-10.)
40 ILCS 5/6-210.2
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

Sec. 6-210.2. City contributions for paramedics. Municipality credits  computed and credited under Article 8 for all firemen who (1) accumulated  service credit in the Article 8 fund for service as a paramedic, (2) have  terminated that Article 8 service credit and received a refund of  contributions, and (3) are participants in this Article 6 fund on the  effective date of this amendatory Act of the 96th General Assembly shall be  transferred by the Article 8 fund to this Fund, together with interest at the  actuarially assumed rate, compounded annually, to the date of the transfer, as  provided in Section 8-172.1 of this Code.  These city contributions shall be  credited to the individual fireman only if he or she pays for prior service as  a paramedic in full to this Fund.  (Source: P.A. 96-727, eff. 8-25-09.)
40 ILCS 5/6-210.3
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

Sec. 6-210.3. Payments and rollovers.(a) The Board may adopt rules prescribing the manner of repaying refunds  and purchasing any other credits permitted under this Article.  The rules may  prescribe the manner of calculating interest when payments or repayments are  made in installments.(b) Rollover contributions from other retirement plans qualified under the  Internal Revenue Code of 1986 may be used to purchase any optional credit or  repay any refund permitted under this Article.        (Source: P.A. 93-654, eff. 1-16-04.)
40 ILCS 5/6-210.4
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 6 - Firemen's Annuity And Benefit Fund--Cities Over 500,000

Sec. 6-210.4. Creditable service for pre-employment military service. An active fireman may establish a maximum of 24 months of additional service credit attributed to service in the armed forces of the United States that was served prior to employment by the city as a firefighter by applying in writing to the fund and, after substantiation of any such requested service, making contributions to the fund equal to (i) the employee contributions that would have been required had the service been rendered as a member, plus (ii) an amount determined by the fund to be equal to the employer's normal cost of the benefits accrued for that military service, plus (iii) interest at the actuarially assumed rate provided in the Fund's most recent annual actuarial valuation, compounded annually from the first date of membership in the fund to the date of payment on items (i) and (ii).This Section applies only to firemen in service on or after its effective date.  (Source: P.A. 96-260, eff. 8-11-09.)