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Definitions

  • 40 ILCS 5/13-201— Terms defined
  • 40 ILCS 5/13-202— "Fund": The Metropolitan Water Reclamation District Retirement Fund, formerly known as the "Sanitary District Employees' and Trustees' Annuity and Benefit Fund" which was heretofore created for the benefit of the employees herein designated and their beneficiaries
  • 40 ILCS 5/13-203— "Employer": The Metropolitan Water Reclamation District of Greater Chicago, a unit of local government organized pursuant to the provisions of the Metropolitan Water Reclamation District Act, hereinafter sometimes referred to as Water Reclamation District or District
  • 40 ILCS 5/13-204
  • 40 ILCS 5/13-205— "Retirement Board" or "Board": The Board of Trustees of the Metropolitan Water Reclamation District Retirement Fund
  • 40 ILCS 5/13-206— "Service": Any employment for the District or the Board, excluding overtime or extra service for which an employee is entitled to receive salary
  • 40 ILCS 5/13-207
  • 40 ILCS 5/13-208— "Average final salary": The highest average monthly salary as calculated by accumulating the salary for the highest 520 consecutive paid days of service within the last 10 years of service immediately preceding the date of retirement and dividing by 24
  • 40 ILCS 5/13-209— "Disability": A physical or mental incapacity of an employee to perform assigned duties
  • 40 ILCS 5/13-209.5— Licensed health care professional
  • 40 ILCS 5/13-210— "Withdraw" or "withdrawal": Discharge, termination or resignation of an employee
  • 40 ILCS 5/13-211— "Assets": The total value of cash, securities and other property held
  • 40 ILCS 5/13-212— "Age": Age at last birthday preceding the date on which ascertainment of age is necessary to any computation under this Article
  • 40 ILCS 5/13-213— "Contributions": Any moneys paid or payable to the Fund by the District or by any employee, or any salary deduction hereunder
  • 40 ILCS 5/13-214— "Accumulated employee contributions": The amounts, including interest credited thereon, contributed by the employee for retirement and surviving spouse's annuity to the date of the employee's withdrawal or death
  • 40 ILCS 5/13-215— "Retirement annuity": A benefit payable as an annuity for service as an employee
  • 40 ILCS 5/13-216— "Surviving spouse's annuity": The amount payable as a surviving spouse annuity commencing on the date of the employee's or retiree's death