reglab/housing_qa huggingface dataset:
40 ILCS 5/8-122
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. 8-122)Sec. 8-122.     Assets."Assets": The total value of cash, securities and other property held.  Bonds shall be valued at their amortized book values.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-123
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. 8-123)Sec. 8-123.     Municipal pension fund."Municipal pension fund": Any pension fund created and operated under  "An Act to provide for the formation and disbursements of a pension fund in  cities, villages and incorporated towns having a population exceeding  100,000 inhabitants for municipal employees appointed to their positions,  under and by virtue of an Act entitled, 'An Act to regulate the civil  service of cities', approved and in force March 20, 1895, and for those  who are appointed prior to the passage of said Act and who are now in the  service of such city, village or town", approved May 31, 1911, as  amended, or under "An Act to provide for the formation and disbursement  of a public school employees' pension fund in cities having a population  exceeding one hundred thousand inhabitants", approved May 15, 1903, as  amended.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-124
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. 8-124)Sec. 8-124.     Effective rate of interest, interest at the effective rate or interest."Effective rate of interest", "interest at the effective rate" or  "interest": Interest at 4% per annum for an employee who was a contributor  on January 1, 1952; and at 3% per annum for an employee who becomes a  contributor after January 1, 1952. In all cases involving reserves,  credits, transfers, and charges, "effective rate of interest", "interest at  the effective rate" or "interest" shall be applied at these rates.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-125
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. 8-125)Sec. 8-125. Annuity.   "Annuity": Equal monthly payments for life, unless otherwise specified.For annuities taking effect before January 1, 1998, the first payment  shall be due and payable one month after the occurrence  of the event upon which payment of the annuity depends, and the last  payment shall be due and payable as of the date of the annuitant's death  and shall be prorated from the date of the last preceding payment to the  date of death for deaths that occur on or before March 31, 2000. All  payments made  on or after April 1, 2000 shall be made on the first day of the calendar month  and the last payment shall be made on the first day of the calendar month in  which the annuity payment period ends. All payments for months beginning with  April of 2000 shall be for the entire calendar month, without proration. A pro  rata amount shall be paid for that part of the month from the March 2000  annuity payment date through March 31, 2000.For annuities taking effect on or after January 1, 1998,  payments shall be made as of the first day of the calendar  month, with the first payment to be made  as of the first day of the calendar month coincidental with or next  following the first day of the annuity payment period, and the last payment  to be made as of the first day of the calendar month in which the annuity  payment period ends.  For annuities taking effect on or  after January 1, 1998, all payments shall be for the entire calendar month,  without proration. The date on which the annuity payment period begins shall not be prior to termination or more than one year prior to receipt by the board of the written application for benefits.For the purposes of this Section, the "annuity payment period" means the  period beginning on the day after the occurrence of the event upon which  payment of the annuity depends, and ending on the day upon which the death of  the annuitant or other event terminating the annuity occurs.  (Source: P.A. 101-69, eff. 7-12-19.)
40 ILCS 5/8-126
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. 8-126)Sec. 8-126.     Persons to whom article does not apply.     (A) This Article  does not apply to any of the following persons:(a) Any person employed in a position the duties of which will not  ordinarily permit the following periods of service during a calendar  year: - (1) 4 months in any case where the salary or wage is on a  monthly basis; (2) 17 weeks in any case where the salary or wage is on a  weekly basis; (3) 100 days in any case where the salary or wage is on a  daily basis; or (4) 700 hours in any case where the salary or wage is on  an hourly basis;(b) Any person employed in a position classified by the civil  service commission of the city, or by the personnel office in a city  with a personnel ordinance, as in the labor service unless he is a  participant in a Municipal Pension Fund in operation in the city on the  effective date, or unless he was employed in such position, if he was in  the service of the employer on the effective date, and is not a  participant in any such pension fund, if within 6 months thereafter he  applies in writing to the board to be included under this Article;(c) Any person who enters service at age 65 or more prior to January  1, 1979, or who enters the service at age 70 or more subsequent to January  1, 1979, or who has not  become a contributor prior to such ages;(d) Any person employed by an employer or the board while a  contributor or eligible to contribute to any annuity and benefit fund,  annuity and retirement fund or any pension fund now or hereafter in  operation in such city for the benefit of employees of the employer,  except the annuity and benefit fund herein provided for or a Municipal  Pension Fund, or while receiving a pension or annuity, other than  widow's or child's annuity, from any of such aforesaid funds; or(e) Any person transferred to the employment of an employer by  virtue of the "Exchange of Functions Act of 1957".(B) The board of trustees may, by resolution, exclude persons who  become employees after June 30, 1979 as public service employment  program participants under the Federal Comprehensive Employment and  Training Act and whose wages or fringe benefits are paid in whole or in  part by funds provided under such Act.    (Source: P.A. 84-23.)
40 ILCS 5/8-126.1
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. 8-126.1)Sec. 8-126.1.     Gender.The masculine gender whenever used in this Article includes the feminine  gender and all annuities and other benefits applicable to male employees  and their survivors, and the contributions to be made for widows' annuities  or other annuities, benefits, and refunds, shall apply with equal force to  female employees and their survivors, without any modification or  distinction whatsoever.    (Source: P.A. 78-1129.)
40 ILCS 5/8-126.2
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. 8-126.2)Sec. 8-126.2.     Validation of Service.     Every participant in the Fund  on the effective date of this amendatory Act of 1979 shall be deemed to  have been a municipal employee throughout the entire period of his service  during which he was a contributor and participant and for which period of  service he is credited with the required contributions to the Fund for annuity  purposes.  The period or term of service credited shall be based on the  applicable provisions of this Article relating thereto.  Any past service  credited or annuity granted to any participant and contributor prior to  the effective date of this amendatory Act of 1979, based on the service  of any participant and contributor prior to or subsequent to the effective  date of the "Municipal Personnel Ordinance" of Chicago or the "Illinois  Municipal Code" relating to civil service of cities, shall be deemed validly  credited or granted for all purposes of this Article.    (Source: P.A. 81-782.)
40 ILCS 5/8-127
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. 8-127)Sec. 8-127.     Time of fixing annuities-Waiver.No annuity or disability benefit shall be fixed, granted or paid under  this Article before the effective date.Any retired employee or widow annuitant may execute a waiver of his or  her right to receive all or part of the total annuity. A waiver shall take  effect upon its being filed with the board, and may not be revoked after it  is executed and filed, except within the first 30 days after being filed.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-128
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. 8-128)Sec. 8-128.     Prior service annuity-When due.A "Prior Service Annuity" shall be credited to present employees in  accordance with the 1921 Act for service rendered prior to the effective  date.Each such credit shall be improved by interest at the effective rate  during the time the employee is in service until his annuity is fixed. In  determining such credit, the employee's annual salary for his entire period  of prior service shall be the salary in effect on the effective date.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-129
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. 8-129)Sec. 8-129.     Age and service annuity.An "Age and Service Annuity" shall be credited employees for service  rendered after the effective date.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-130
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. 8-130)Sec. 8-130.         Annuities - Present employees and future entrants  attaining age 65 in service.(a) A present employee who attains age 65 or more in service having  age and service and prior service annuity credits sufficient to provide  an annuity as of his age at such time equal to the amount he would have  had if employee contributions and city  contributions had been made in  accordance with this Article during his entire term of service until age  65, shall be entitled to such annuity upon withdrawal.(b) A present employee who attains age 65 or more in service and who  does not have the credits described in paragraph (a), shall be entitled,  on the date of withdrawal, to such age and service annuity and prior  service annuity provided from the total amounts to his credit therefor  on the date of his withdrawal.(c) A future entrant who attains age 65 in service shall be  entitled, upon withdrawal, to age and service annuity provided from the  sum accumulated for such annuity at such age.    (Source: P.A. 81-1536.)
40 ILCS 5/8-131
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. 8-131)Sec. 8-131.         Annuities-Present employees and future entrants-Withdrawal after age 60  and prior to 65.An employee who attains age 60 or more but less than age 65 in service,  upon withdrawal, shall be entitled to annuity as of his attained age at  such time as follows:1.  Present Employee--age and service and prior service annuities  provided from the total credits for such annuities on the date of  withdrawal.2.  Future entrant--age and service annuity provided from the total  credits for such annuity on the date of withdrawal.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-132
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. 8-132)Sec. 8-132.         Annuities - Present employees and future  entrants - Withdrawal after age 55 and prior to 60.  An employee who attains age 55 or more but less than age 60 in  service having 10 or more years of service at date of withdrawal shall  be entitled to annuity, from the date of withdrawal, as follows:1.  Present employee and future entrant with 20 or more years of  service - age and service annuity provided from the total credits from  employee contributions and  city contributions for such annuity, and, for  a present employee, prior service annuity from the credits for such  annuity.2.  Present employee and future entrant with 10 or more but less than  20 years of service - age and service annuity provided from sums credited  for such annuity from employee contributions, plus 1/10 of the  accumulations for such annuity from city contributions for each year of  service after the first 10 years; and in addition in the case of a  present employee, the credits for prior service annuity on account of  employee contributions to any Municipal Pension Fund in operation in the  city on the effective date, or on June 30, 1923, and 1/10 of the prior  service annuity credit under The 1921 Act and this Article, for each  year of service after the first 10 years.Any such annuity shall be computed as of the employee's age on the  date of withdrawal.    (Source: P.A. 81-1536.)
40 ILCS 5/8-133
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. 8-133)Sec. 8-133.         Annuities - Present employees and future  entrants - Withdrawal before age 55.  An employee who withdraws after 10 years of service before age 55 and  attains age 55 while out of service, shall be entitled to annuity, after  attainment of age 55, as follows:1.  Present employee and future entrant with 20 or more years of  service - age and service annuity provided from the total credits from  employee contributions and  city contributions for such annuity, and, in  addition in the case of a present employee, prior service annuity from  the credits for such annuity.2.  Present employee and future entrant with 10 or more but less than  20 years of service - age and service annuity provided from sums  accumulated for such annuities from employee contributions, plus 1/10 of  the city contributions for each year of service after the first 10  years; and in addition, in the case of a present employee, the credits  for prior service annuity on account of employee contributions to any  Municipal Pension Fund in operation in the city on the effective date,  or on June 30, 1923, and 1/10 of the prior service annuity credit under  The 1921 Act and this Article, for each year of service after the first  10 years.Any such annuity shall be computed as though the employee were age 55  when granted regardless of his actual age at the time of application. An  employee shall not be entitled to annuity for any period between the  date he attains age 55 and the date of application for annuity.    (Source: P.A. 81-1536.)
40 ILCS 5/8-134
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. 8-134)Sec. 8-134.     Annuities-Re-entry into service.         Annuity in excess of that fixed in Sections 8-131, 8-132 or 8-133  shall not be granted to any employee described therein, unless he reentered  service before age 65. If such reentry occurs, his annuity shall be  provided in accordance with Sections 8-130 to 8-133, inclusive, whichever  are applicable.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-135
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. 8-135)Sec. 8-135.     Service after time of fixing of annuity.Service rendered after the time of fixing an annuity shall not be  considered for age and service annuity.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-136
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. 8-136)Sec. 8-136.     Minimum annuities.A present employee who was a contributor to a municipal pension fund  which has been merged into and become part of the fund in accordance with  The 1921 Act or this Article who withdraws after such merger having 20 or  more years of service and for whom the amount of annuity provided by this  Article is less than the amount stated in this section has a right to  receive annuity as follows:(a) $600 A year after the date of withdrawal if he is age 55 or more at  such time.(b) $600 A year after the date he becomes age 55 if he is less than such  age when he withdraws.In addition to the combined age and service and prior service annuities  to which an employee is entitled (except one in receipt of pension or  annuity from the annuity and benefit fund herein provided for on June 30,  1935), an employee with 35 or more years of service who has attained age 65  or more at the time he withdraws, is entitled to receive a sum equal to the  difference between the combined age and service annuity and prior service  annuity, and 50% of his highest "actual compensation", but not in excess of  33 1/3% of the combined age and service annuity and prior service annuity.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-136.1
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. 8-136.1)Sec. 8-136.1.     Minimum annuities for certain public library employees.An employee who was a contributor to and participant on December 31,  1965 in a Public Library Employes' Pension Fund which has been merged into  and becomes part of the fund provided for in this Article, and who  withdraws after such merger, shall have an optional right, in lieu of any  other annuity, to receive annuity as follows:(a) $60.00 A month after the date of withdrawal if he then has 20 or  more years of service and is age 50 or more years, plus an additional $7.00  a month for each additional full year of service after 20 years, with such  total monthly annuity not to exceed 60% of the maximum monthly salary  received during the employee's term of service, or the sum of $200.00,  whichever is the lesser.(b) $30.00 A month after the date of withdrawal if he has 10 or more but  less than 20 years of service and is then age 55 or more years, plus an  additional $3.00 a month for each additional full year of service after 10  years.    (Source: Laws 1965, p. 2300.)
40 ILCS 5/8-138.5
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

Sec. 8-138.5. Early retirement incentive for employees who have earned  maximum pension benefits.(a) A person who is eligible for the benefits provided  under Section 8-138.4 and who, if he or she had retired on or before February 29, 2004,  would have been entitled to a pension equal to 80% of his or her highest  average annual salary for any 4 consecutive years within the last 10 years of  service immediately preceding February 29, 2004 without receiving the benefits  provided in Section 8-138.4, may elect, by filing written  election with the Fund by January 30, 2004, to receive a lump sum from the  Fund equal to 100% of his or her salary on  February 29, 2004 or the date of withdrawal, whichever is earlier. To be  eligible to receive the benefit provided under this Section, the person must  withdraw from service on or after January 31, 2004 and on or before February 29, 2004 (or the date established under subsection (b), if applicable).  If a  person elects to receive the benefit provided under this  Section, his or her retirement annuity otherwise payable under Section 8-138  shall be reduced by an amount equal to the actuarial equivalent of the lump  sum.(b) To ensure that the efficient operation of employers under this Article  is not jeopardized by the simultaneous retirement of large numbers of critical  personnel, each employer may, for its critical employees, extend the February 29,  2004 deadline for terminating employment under this Article established in  subdivision (a) of this Section to a date not later than May 31, 2004 by  so notifying the Fund by January 31, 2004.        (Source: P.A. 93-654, eff. 1-16-04.)
40 ILCS 5/8-140
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. 8-140)Sec. 8-140.     Widow's prior service annuity.A "Widow's Prior Service Annuity", shall be credited for the widow of a  male present employee for service prior to the effective date, in  accordance with The 1921 Act and this Article, payable from and after the  death of the employee.The amount so credited shall be improved by interest at the effective  rate until the employee retires from service or attains age 65, whichever  first occurs.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-141
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. 8-141)Sec. 8-141.     Widow's annuity.A "Widow's Annuity" shall be credited for a widow of any male employee  covering service after the effective date, payable from and after his  death.    (Source: Laws 1963, p. 161.)
40 ILCS 5/8-142
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. 8-142)Sec. 8-142.     Widow's annuity-Present employee age 65 on effective date.The widow of a present employee who attains age 65 or more on or before  the effective date is entitled, after his death, to an annuity fixed on the  date he becomes age 65.The annuity shall be that provided from the credit for widow's prior  service annuity on a reversionary annuity basis on the effective date.    (Source: Laws 1963, p. 161.)