reglab/housing_qa huggingface dataset:
40 ILCS 5/12-102
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-102)Sec. 12-102.     Terms defined.         The terms used in this Article shall have the meanings ascribed to them  in Sections 12-103 to 12-126, inclusive, except when the context  otherwise requires.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-103
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-103)Sec. 12-103.     The 1919 Act."The 1919 Act": "An Act to provide for the creation, setting apart,  formation, administration and disbursement of a park employees' and  retirement board employees' annuity and benefit fund", approved June 21,  1919, as amended.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-104
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-104)Sec. 12-104.     Exchange of Functions Act of 1957."Exchange of Functions Act of 1957": "An Act in relation to an exchange  of certain functions, property and personnel among cities and park  districts having coextensive geographic areas and populations in excess of  500,000", approved July 5, 1957, as amended.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-105
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-105)Sec. 12-105.     Retirement board or board."Retirement board" or "board": The board of trustees of the Park  Employees' and Retirement Board Employees' Annuity and Benefit Fund as  created and constituted in this Article.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-106
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-106)Sec. 12-106.     Actuarial tables.      "Actuarial tables": The American Experience Table of Mortality and 4%  interest for any present employee or future entrant who was a  participant or contributor to the fund on June 30, 1959, and for their  widows or other beneficiaries, except as to reserves on annuities for  the computation of which the Combined Annuity Mortality Table and 4%  interest shall be used, and the Combined Annuity Mortality Table and 4%  interest for any future entrant whose first participation in the fund  began on or after July 1, 1959, and for his widow or other  beneficiaries.All annuities and reserves on annuities, present or prospective,  except as may otherwise be provided, shall be computed according to such  actuarial tables and regular interest, as herein defined: provided, however,  that effective as of July 1, 1979 the actuarial table and rate of interest  to be used shall be that adopted by the retirement board upon recommendation  of the actuary.    (Source: P.A. 81-698.)
40 ILCS 5/12-107
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-107)Sec. 12-107.     Reserve."Reserve": when applied to an annuity means the present value, according  to the applicable actuarial tables and rate of interest, of the payments to  be made on account of such annuity.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-108
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-108)Sec. 12-108.     Highest salary."Highest salary": The highest rate of salary received by an employee  during his total service.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-109
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-109)Sec. 12-109.     Service.     "Service": Employment by an employer in a position  covered by this Article, including (a) actual employment in pay status,  (b) periods of approved leaves of absence for which contributions are made  by the employee, (c) periods of military  service for which credit is granted, and (d) periods for which contribution  credits are granted during disability.    (Source: P.A. 81-1536.)
40 ILCS 5/12-111
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-111)Sec. 12-111.     Withdrawal or withdraws."Withdrawal" or "withdraws": Resignation, separation or discharge from  service as an employee from any position to which a person has civil  service status and may be subject to re-employment in the classified civil  service under "An Act relating to the civil service in park systems",  approved June 10, 1911, as amended.    (Source: Laws 1963, p. 2177.)
40 ILCS 5/12-112
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-112)Sec. 12-112.     Future entrant."Future entrant": An employee who entered service after July 1, 1919,  or, as applied to an employee of the board, an employee who entered service  after July 1, 1937.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-114
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-114)Sec. 12-114.     Regular interest.     "Regular interest": Interest at the rate  prescribed by the Board upon recommendation of the actuary for all employees,  spouses or other beneficiaries.    (Source: P.A. 87-1265.)
40 ILCS 5/12-115
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-115)Sec. 12-115.     Present value."Present value": The amount of funds presently required to provide an  annuity or benefit at some future date when computed according to the  actuarial tables.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-116
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-116)Sec. 12-116. Fiscal year.   "Fiscal year": For periods prior to July 1, 2012, the year commencing with July 1st and ending with June  30th next following. Beginning January 1, 2013, the year commencing January 1 and ending December 31. The fiscal year which begins July 1, 2012 shall end December 31, 2012.   (Source: P.A. 97-973, eff. 8-16-12.)
40 ILCS 5/12-117
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-117)Sec. 12-117.     Contributions.     "Contributions": Amounts deducted from the salary or amounts otherwise  paid by an employee for the purposes  of this Article.    (Source: P.A. 81-1536.)
40 ILCS 5/12-118
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-118)Sec. 12-118.     Employee.     "Employee": Any person in the service of a board  of park commissioners as described in Section 12-101, or employees of the  board, except (a) any person employed in any position requiring service of  less than 90 hours during a monthly period, or, beginning July 1, 1991, in  any position requiring service of less than 6 months during a calendar  year, unless that person is already a member of the fund, and (b) any  employee of a city or district transferred to the employment of a park  district by virtue of the Exchange of Functions Act of 1957.    (Source: P.A. 86-272; 87-794.)
40 ILCS 5/12-118.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-118.1)Sec. 12-118.1.     Employee annuitant."Employee annuitant": An employee who has withdrawn from service and has  been granted a service retirement annuity.    (Source: Laws 1965, p. 1936.)
40 ILCS 5/12-118.2
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-118.2)Sec. 12-118.2.     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 5/12-119
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-119)Sec. 12-119.     Transferred employee."Transferred employee": An employee who was transferred to the  employment of a city by virtue of "An Act in relation to an exchange of  certain functions, property and personnel among cities and park districts  having coextensive geographic areas and populations in excess of 500,000",  approved July 5, 1957, as amended. A park policeman shall not be included  as being a transferred employee within the meaning of this Article.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-120
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-120)Sec. 12-120.     Employer."Employer": Any board of park commissioners referred to in this Article  and the retirement board defined in this Article. Effective January 1,  1959, "employer" shall also include any city to which is transferred by  virtue of the "Exchange of Functions Act of 1957" the employment of  employees of a park district (other than park policemen) who are members of  the fund established by "The 1919 Act".    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-121
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-121)Sec. 12-121.     Leave of absence."Leave of absence": Absence from service for a temporary period on  permission given by the employer upon written request of the employee.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-122
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-122)Sec. 12-122.     Salary."Salary":(a) The annual salary of any employee whose salary is on a yearly basis;  (b) 12 times the amount of the salary per month of an employee whose salary  is on a monthly basis; (c) 52 times the amount of the salary per week of an  employee whose salary is on a weekly basis; (d) 260 times the amount of the  salary per day of an employee whose salary is on a daily basis or 2,080  times the amount of the salary per hour of an employee whose salary is on  an hourly basis. The number of days or hours in excess of the maximum  prescribed by the employer shall not be considered; (e) the maximum annual  salary when arranged on a yearly basis to be considered for contributions  and benefits for the various purposes of this Article for the periods  specified shall be as follows: July 1, 1919 to June 30, 1921, inclusive,  $2,500; July 1, 1921 to July 20, 1947, inclusive, $3,000; July 21, 1947, to  June 30, 1951, inclusive, $4,800; July 1, 1951 to June 30, 1957, inclusive,  $6,000; July 1, 1957 and thereafter, no maximum limitation; (f) the maximum  annual salary where arranged on other than a yearly basis to be considered  for contributions and benefits for the various purposes of this Article for  the periods prior to the effective date of the formulas specified in  paragraph (b), (c) or (d) of this section, shall be computed in accordance  with the applicable law in force during such periods.Salary for part-time employment in positions of a seasonal or part-time  character shall be computed in accordance with the foregoing standards as  the same may be applicable for the respective periods of employment under  rules established by the board.    (Source: P.A. 78-266.)
40 ILCS 5/12-123
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-123)Sec. 12-123.     Age.     "Age": Age at the latest birthday. In the computation of any  retirement annuity, the actuarial factor shall be prorated for the  number of days between the employee's last birthday and his age on the  effective date of the annuity.    (Source: P.A. 86-272.)
40 ILCS 5/12-123.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-123.1)Sec. 12-123.1.     Surviving spouse.     Surviving spouse: The spouse of an  active employee on the date of the employee's death; the spouse of an  inactive member on the date of separation from park service, unless the  member has subsequent service with another pension fund or retirement system  under the Retirement Systems Reciprocal Act and elects to receive a  retirement annuity calculated under that Act; the spouse of an annuitant on the  date of retirement.  If the marriage terminates after the inactive member  separates from service or the member retires, the former spouse is no longer  eligible for benefits as the surviving spouse.  The term "widow" means  "surviving spouse" for the purposes of this Article.    (Source: P.A. 87-1265.)
40 ILCS 5/12-124
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-124)Sec. 12-124.     Fixation of annuity; limitation on reversionary annuity."Fixation of annuity":  As applied to a service annuity or prior  service annuity or a surviving spouse's annuity, the final  determination of the annuity at the date of retirement.A reversionary annuity calculated after January 1, 1990 may not be  more than 75% of the service annuity granted to the employee annuitant on  the date of retirement unless the minimum annuity to the surviving spouse  payable under Section 12-135.1 exceeds the 75% maximum payable, in which  case the minimum will be payable.    (Source: P.A. 90-655, eff. 7-30-98.)
40 ILCS 5/12-125
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-125)Sec. 12-125.     Reversionary annuity.     "Reversionary annuity": A deferred annuity  computed according to the applicable actuarial table, based on employee and  employer contributions for surviving spouse's service annuity and surviving  spouse's prior service annuity, and payable to the beneficiary during lifetime,  or other stated period, only if the beneficiary survives the employee receiving  a retirement annuity and qualifies as the surviving spouse under Section  12-123.1.    (Source: P.A. 87-1265.)
40 ILCS 5/12-125.1
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-125.1)Sec. 12-125.1.     Optional reversionary annuity."Optional reversionary annuity": A deferred annuity derived from part of  the actuarial value of an employee's retirement annuity, computed according  to the applicable actuarial tables and payable during the lifetime of the  beneficiary only if the beneficiary survives the employee receiving a  retirement annuity and qualifies as the surviving spouse under  Section 12-123.1.    (Source: P.A. 87-1265.)
40 ILCS 5/12-126
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-126)Sec. 12-126.     Actuarial equivalent."Actuarial equivalent": An annuity or benefit of equal value to the  accumulated contributions, annuity or other benefit, when computed upon the  basis of the actuarial tables in use by the fund.    (Source: Laws 1963, p. 161.)
40 ILCS 5/12-127.5
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-127.5)Sec. 12-127.5.     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) employer contribution 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 5/12-128
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-128)Sec. 12-128.     Annuities provided.     A service annuity shall be provided for  future entrants and present employees.A prior service annuity shall be provided for present employees. A  widow's prior service annuity shall be provided for widows of present  employees. A widow's service annuity shall be provided for widows of future  entrants and present employees.A retirement annuity shall consist of a service annuity and a prior  service annuity where applicable, and a widow's annuity shall consist of a  widow's service annuity and a widow's prior service annuity, where  applicable.If the total annuities to an employee from accumulation for prior  service annuity and service annuity, or to a widow for widow's service  annuity and widow's prior service annuity, as an actuarial equivalent of  such accumulations, effective on or after July 1, 1983 are  less than $100 per month, a temporary annuity of $100  per month shall be payable to the employee or widow, except in the case  of a reciprocal pension.Except as to a temporary annuity, the annuity payable to an employee or  widow shall consist of equal monthly payments for life or widowhood,  provided that upon termination thereof due to death or other cause, payment  shall be made for the period from the date of the last payment to the date  of termination. The first payment of any annuity shall be due and payable 1  month after the occurrence of the event upon which payment thereof depends;  provided, that as to annuities effective July 1, 1973, and thereafter  payments shall be made as of the first day of each calendar month during  the annuity payment period, 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 annuitant dies or the annuity  payment period ends.    (Source: P.A. 86-272.)
40 ILCS 5/12-130
2021 Illinois Compiled Statutes|Chapter 40 - PENSIONS|40 ILCS 5/ - Illinois Pension Code.|Article 12 - Park Employees' And Retirement Board Employees' Annuity And Benefit Fund--Cities Over 500,000

 (from Ch. 108 1/2, par. 12-130)Sec. 12-130. Retirement prior to age 60. An employee withdrawing prior  to January 1, 1990 with at least 10 years of service and before attainment  of age 55 shall be entitled at his option to a retirement annuity beginning at age 55.An employee withdrawing prior to January 1, 1990 with at least 10 years  of service upon or after attainment of age 55, and before age 60, shall be  entitled to a retirement annuity beginning at any time thereafter.An employee who withdraws on or after January 1, 1990 with at least 10  years of service and prior to age 60 shall be entitled, at his option, to a  retirement annuity beginning at any time after withdrawal or attainment of  age 50, whichever occurs later.Any employee upon withdrawal after at least 15 years of service, upon  or after attainment of age 50, and before attainment of age 55, who  received ordinary disability benefit for the maximum period of time  provided herein, and who continues to be disabled, shall be entitled to  a retirement annuity.The amount of retirement annuity for any employee who entered service  prior to July 1, 1971 shall be provided from the total of the  accumulations as stated in this Section, at the employee's attained age  on the date of retirement:(a) the accumulation from employee contributions for     service annuity on the date of withdrawal, improved by regular interest from the date the employee withdraws to the date he enters upon annuity;(b) 1/10 of the accumulation, on the date of     withdrawal, from employer contributions for service annuity, for each complete year of service above 10 years up to 100% of such accumulation, improved by regular interest from the date the employee withdraws to the date he enters upon annuity. (Source: P.A. 102-263, eff. 8-6-21.)