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Illinois Compiled Statutes

40 ILCS 5/18-101 (2026)

Creation of fund

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(40 ILCS 5/18-101) (from Ch. 108 1/2, par. 18-101)
    Sec. 18-101. Creation of fund. A retirement system is created to be known as the "Judges Retirement System of Illinois". It shall be a trust separate and distinct from all other entities, maintained for the purpose of securing the payment of annuities and benefits as prescribed herein.
(Source: Laws 1963, p. 161.)

    
Notes of Decisions
Cited in 7 cases, 2005–2015 · leading case: In re Pension Reform Litig., 2015 IL 118585 (Ill. 2015).
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In re Pension Reform Litig., 2015 IL 118585 (Ill. 2015). “(West 2012)); and the Judges Retirement System of Illinois (JRS) (40 ILCS 5/18-101 et seq. (West 2012)). These systems provide traditional defined benefit plans under which members earn specific benefits based on their years of service, income and age.”
Bassett v. Pekin Police Pension Bd., 839 N.E.2d 130 (Ill. App. Ct. 2005). “In Shields , however, the pension was from the Judges Retirement System (40 ILCS 5/18-101 et seq. (West 2002)) rather than the Police Pension Fund (40 ILCS 5/3-101 et seq.”
In re Pension Reform Litig., 2015 IL 118585 (Ill. 2015). “(West 2012)); and the Judges Retirement System of Illinois (JRS) (40 ILCS 5/18-101 et seq. (West 2012)). These systems provide traditional defined benefit plans under which members earn specific benefits based on their years of service, income and age.”
Shields v. State Employees Ret. Sys., 844 N.E.2d 438 (Ill. App. Ct. 2006). “" 40 ILCS 5/18-101 (West 2002). Defendants assert that the above enabling statute does not support the classification of the System as a governmental entity under section 2-1303.”
Ebner v. Beatty (In re Beatty), 541 B.R. 428 (Bankr. N.D. Ill. 2015). · cites it 2× “Article XIII, Section 5 of the Illinois Constitution protects state pension rights from creditors. It provides that “[m]em-bership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall…”
Bassett v.Pekin Police Pension Bd. (Ill. App. Ct. 2005). “In Shields , however, the pension was from the Judges Retirement System (40 ILCS 5/18-101 et seq . (West 2002)) rather than the Police Pension Fund (40 ILCS 5/3-101 et seq .”
Shields v. State (Ill. App. Ct. 2006). “" 40 ILCS 5/18-101 (West 2002). Defendants assert that the above enabling statute does not support the classification of the System as a governmental entity under section 2-1303.”
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