Illinois Pension Code

Illinois · Pensions · §§ 40-5-1-101 to 40-5-1-167 · 79 sections

Sections covered

40 ILCS 5/1-101Short title
40 ILCS 5/1-101.1Definitions
40 ILCS 5/1-101.2Fiduciary
40 ILCS 5/1-101.3Party in interest
40 ILCS 5/1-101.4Investment adviser
40 ILCS 5/1-101.5Consultant
40 ILCS 5/1-101.6Transferor pension fund
40 ILCS 5/1-102Continuation of prior statutes
40 ILCS 5/1-103Effect of headings
40 ILCS 5/1-103.1Application of amendments
40 ILCS 5/1-103.2The amendatory provisions of this amendatory Act of 1987 which provide for benefit increases effective July 1, 1987 or January 1, 1988 are intended to be retroactive to the dates specified therein, notwithstanding the provisions of Section 1-103.1
40 ILCS 5/1-103.3Application of 1994 amendment; funding standard
40 ILCS 5/1-104Cross references
40 ILCS 5/1-104.1Gender
40 ILCS 5/1-104.2Pensions › 40 ILCS 5 — Illinois Pension Code › Article 1 — General Provisions: Short Title, Effect of Code and Other Provisions
40 ILCS 5/1-104.3Adopted children
40 ILCS 5/1-105Partial invalidity
40 ILCS 5/1-106Payment of distribution other than direct
40 ILCS 5/1-107Indemnification of trustees, consultants, and employees of retirement systems and pension funds
40 ILCS 5/1-108Pensions › 40 ILCS 5 — Illinois Pension Code › Article 1 — General Provisions: Short Title, Effect of Code and Other Provisions
40 ILCS 5/1-109Duties of fiduciaries
40 ILCS 5/1-109.1Allocation and delegation of fiduciary duties
40 ILCS 5/1-109.2Extent of Cofiduciary Duties
40 ILCS 5/1-109.3Training requirement for pension trustees
40 ILCS 5/1-109.5Prohibition on employment for board members
40 ILCS 5/1-110Prohibited Transactions
40 ILCS 5/1-110.10Servicer certification
40 ILCS 5/1-110.15Transactions prohibited by retirement systems; Iran
40 ILCS 5/1-110.16Pensions › 40 ILCS 5 — Illinois Pension Code › Article 1 — General Provisions: Short Title, Effect of Code and Other Provisions
40 ILCS 5/1-110.17Expiration of prohibited transactions
40 ILCS 5/1-110.5(Repealed)
40 ILCS 5/1-110.6Transactions prohibited by retirement systems; Republic of the Sudan
40 ILCS 5/1-111Ten Per Cent Limitation of Employer Securities
40 ILCS 5/1-113Investment authority of certain pension funds, not including those established under Article 3 or 4
40 ILCS 5/1-113.1Investment authority of pension funds established under Article 3 or 4
40 ILCS 5/1-113.10Legality at time of investment
40 ILCS 5/1-113.11Rules
40 ILCS 5/1-113.12Application
40 ILCS 5/1-113.14Investment services for retirement systems, pension funds, and investment boards, except those funds established under Articles 3 and 4
40 ILCS 5/1-113.15Qualified fund-of-fund management services
40 ILCS 5/1-113.16Investment transparency
40 ILCS 5/1-113.17Investment sustainability
40 ILCS 5/1-113.18Ethics training
40 ILCS 5/1-113.2List of permitted investments for all Article 3 or 4 pension funds
40 ILCS 5/1-113.20Investment strategies; explicit and implicit costs
40 ILCS 5/1-113.21Contracts for services
40 ILCS 5/1-113.22Required disclosures from consultants; minority-owned businesses, women-owned businesses, and businesses owned by persons with a disability
40 ILCS 5/1-113.23Required disclosures from consultants; compensation and economic opportunity received
40 ILCS 5/1-113.24Contracts for investment services with emerging investment managers through a qualified manager of emerging investment managers services
40 ILCS 5/1-113.3List of additional permitted investments for pension funds with net assets of $2,500,000 or more
40 ILCS 5/1-113.4List of additional permitted investments for pension funds with net assets of $5,000,000 or more
40 ILCS 5/1-113.4aList of additional permitted investments for Article 3 and 4 pension funds with net assets of $10,000,000 or more
40 ILCS 5/1-113.5Investment advisers and investment services for all Article 3 or 4 pension funds
40 ILCS 5/1-113.6Investment policies
40 ILCS 5/1-113.7Registration of investments; custody and safekeeping
40 ILCS 5/1-113.8Limitations on banks and savings and loan associations
40 ILCS 5/1-113.9Illegal investments
40 ILCS 5/1-114Liability for Breach of Fiduciary Duty
40 ILCS 5/1-115Civil enforcement
40 ILCS 5/1-116Federal contribution and benefit limitations
40 ILCS 5/1-116.1Required distributions
40 ILCS 5/1-117Annual earnings limitation
40 ILCS 5/1-118Veterans' rights
40 ILCS 5/1-119Qualified Illinois Domestic Relations Orders
40 ILCS 5/1-120Payment to trust
40 ILCS 5/1-122Service with the Legislative Ethics Commission or Office of the Legislative Inspector General
40 ILCS 5/1-123Service as legal counsel
40 ILCS 5/1-125Prohibition on gifts
40 ILCS 5/1-130No monetary gain on investments
40 ILCS 5/1-135Fraud
40 ILCS 5/1-140Identification of deceased annuitants
40 ILCS 5/1-145Contingent and placement fees prohibited
40 ILCS 5/1-150Approval of travel or educational mission
40 ILCS 5/1-160Provisions applicable to new hires
40 ILCS 5/1-161Optional benefits for certain Tier 2 members under Articles 14, 15, and 16
40 ILCS 5/1-162Optional benefits for certain Tier 2 members of pension funds under Articles 8, 9, 10, 11, 12, and 17
40 ILCS 5/1-165Commission on Government Forecasting and Accountability study
40 ILCS 5/1-166Proportional annuity liability
40 ILCS 5/1-167Prohibited disclosures

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