40 ILCS 5/2-126
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 2 - General Assembly Retirement System

 (from Ch. 108 1/2, par. 2-126)(Text of Section WITH the changes made by P.A. 98-599, which has been  held unconstitutional)Sec. 2-126. Contributions by participants.(a) Each participant shall contribute toward the cost of his or her  retirement annuity a percentage of each payment of salary received by him or  her for service as a member as follows:  for service between October 31, 1947  and January 1, 1959, 5%; for service between January 1, 1959 and June 30, 1969,  6%; for service between July 1, 1969 and January 10, 1973, 6 1/2%; for service  after January 10, 1973, 7%; for service after December 31, 1981, 8 1/2%.(b) Beginning August 2, 1949, each male participant, and from July 1,  1971, each female participant shall contribute towards the cost of the  survivor's annuity 2% of salary.A participant who has no eligible survivor's annuity beneficiary may elect  to cease making contributions for survivor's annuity under this subsection.  A survivor's annuity shall not be payable upon the death of a person who has  made this election, unless prior to that death the election has been revoked  and the amount of the contributions that would have been paid under this  subsection in the absence of the election is paid to the System, together  with interest at the rate of 4% per year from the date the contributions  would have been made to the date of payment.(c) Beginning July 1, 1967 and, in the case of Tier 1 participants, ending on June 30, 2014, each participant shall contribute 1% of  salary towards the cost of automatic increase in annuity provided in  Section 2-119.1.  These contributions shall be made concurrently with  contributions for retirement annuity purposes.(d) In addition, each participant serving as an officer of the General  Assembly shall contribute, for the same purposes and at the same rates  as are required of a regular participant, on each additional payment  received as an officer.  If the participant serves as an  officer for at least 2 but less than 4 years, he or she shall  contribute an amount equal to the amount that would have been contributed  had the participant served as an officer for 4 years.  Persons who serve  as officers in the 87th General Assembly but cannot receive the additional  payment to officers because of the ban on increases in salary during their  terms may nonetheless make contributions based on those additional payments  for the purpose of having the additional payments included in their highest  salary for annuity purposes; however, persons electing to make these  additional contributions must also pay an amount representing the  corresponding employer contributions, as calculated by the System.(e) Notwithstanding any other provision of this Article, the required contribution      of a participant who first becomes a participant on or after January 1, 2011 shall not exceed  the contribution that would be due under this Article if that  participant's highest salary for annuity purposes were $106,800, plus any increases in that amount under Section 2-108.1. (Source: P.A. 98-599, eff. 6-1-14.)(Text of Section WITHOUT the changes made by P.A. 98-599, which has been  held unconstitutional)Sec. 2-126. Contributions by participants.(a) Each participant shall contribute toward the cost of his or her  retirement annuity a percentage of each payment of salary received by him or  her for service as a member as follows:  for service between October 31, 1947  and January 1, 1959, 5%; for service between January 1, 1959 and June 30, 1969,  6%; for service between July 1, 1969 and January 10, 1973, 6 1/2%; for service  after January 10, 1973, 7%; for service after December 31, 1981, 8 1/2%.(b) Beginning August 2, 1949, each male participant, and from July 1,  1971, each female participant shall contribute towards the cost of the  survivor's annuity 2% of salary.A participant who has no eligible survivor's annuity beneficiary may elect  to cease making contributions for survivor's annuity under this subsection.  A survivor's annuity shall not be payable upon the death of a person who has  made this election, unless prior to that death the election has been revoked  and the amount of the contributions that would have been paid under this  subsection in the absence of the election is paid to the System, together  with interest at the rate of 4% per year from the date the contributions  would have been made to the date of payment.(c) Beginning July 1, 1967, each participant shall contribute 1% of  salary towards the cost of automatic increase in annuity provided in  Section 2-119.1.  These contributions shall be made concurrently with  contributions for retirement annuity purposes.(d) In addition, each participant serving as an officer of the General  Assembly shall contribute, for the same purposes and at the same rates  as are required of a regular participant, on each additional payment  received as an officer.  If the participant serves as an  officer for at least 2 but less than 4 years, he or she shall  contribute an amount equal to the amount that would have been contributed  had the participant served as an officer for 4 years.  Persons who serve  as officers in the 87th General Assembly but cannot receive the additional  payment to officers because of the ban on increases in salary during their  terms may nonetheless make contributions based on those additional payments  for the purpose of having the additional payments included in their highest  salary for annuity purposes; however, persons electing to make these  additional contributions must also pay an amount representing the  corresponding employer contributions, as calculated by the System.(e) Notwithstanding any other provision of this Article, the required contribution      of a participant who first becomes a participant on or after January 1, 2011 shall not exceed  the contribution that would be due under this Article if that  participant's highest salary for annuity purposes were $106,800, plus any increases in that amount under Section 2-108.1. (Source: P.A. 96-1490, eff. 1-1-11.)