ILCS » Chapter 40 · Act 5
Illinois Compiled Statutes

40 ILCS 5/14-102 (2026)

Purpose

✓ current as of May 2026
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(40 ILCS 5/14-102) (from Ch. 108 1/2, par. 14-102)
    Sec. 14-102. Purpose. The purpose of the system is to provide an orderly means whereby aged or disabled employees may be retired from active service, without prejudice or hardship, and to enable the employees to accumulate reserves for themselves and their dependents for old age, disability, death and termination of employment, thus effecting economy and efficiency in the administration of the State Government.
(Source: P.A. 80-841.)

    
Notes of Decisions
Cited in 2 cases, 2014–2014 · leading case: Sharp v. The Bd. of Trs. of the State Employees' Ret. Sys., 2014 IL App (4th) 130125 (Ill. App. Ct. 2014).
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Sharp v. The Bd. of Trs. of the State Employees' Ret. Sys., 2014 IL App (4th) 130125 (Ill. App. Ct. 2014). · cites it 2× “¶ 22 SERS was “created to provide retirement annuities and other benefits for employees of the State of Illinois.”
Sharp v. The Bd. of Trs. of the State Employees' Ret. Sys., 2014 IL App (4th) 130125 (Ill. App. Ct. 2014). “" 40 ILCS 5/14-102 (West 2010). The Board asserts as part of establishing an orderly means of disbursing benefits, it must be able to prevent waste, fraud, and abuse of SERSCwhich requires the ability to correct errors so as not to deplete the fund.”
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