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Illinois Compiled Statutes

40 ILCS 5/1A-101 (2026)

Creation of Public Pension Division

✓ current as of May 2026
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(40 ILCS 5/1A-101)
    Sec. 1A-101. Creation of Public Pension Division. There is created in the Department of Insurance a Public Pension Division which, under the supervision and direction of the Director of Insurance, shall exercise the powers and perform the duties and functions prescribed under this Code. The Division shall consist of an administrator, a supervisor, a technical staff trained in the fundamentals of public pension fund planning, operations, administration, and investment of public pension funds, and such other personnel as may be necessary properly and effectively to discharge the functions of the Division.
(Source: P.A. 90-507, eff. 8-22-97.)

    
Notes of Decisions
Cited in 4 cases, 2001–2017 · leading case: Vill. of North Riverside v. Boron, 2016 IL App (1st) 152687 (Ill. App. Ct. 2017).
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Vill. of North Riverside v. Boron, 2016 IL App (1st) 152687 (Ill. App. Ct. 2017). “40 ILCS 5/1A-101 (West 2012). Whenever the Division determines that a government unit has failed to comply with the law, the Director of the Division (Director) may hold a hearing where the government must show cause for its noncompliance.”
People v. Burge, 2014 IL 115635 (Ill. 2014). “, 40 ILCS 5/1-125 (West 2012) (misdemeanor offense for trustee to accept gift from person seeking action from a retirement board), and regulatory oversight provided by the Department of Insurance (see 40 ILCS 5/1A-101 et seq. (West 2012) (charging the Department of Insurance…”
Vill. of North Riverside v. Boron, 2016 IL App (1st) 152687 (Ill. App. Ct. 2016). “40 ILCS 5/1A-101 (West 2012). Whenever the Division determines that a government unit has failed to comply with the law, the Director of the Division may hold a hearing where the government must show cause for its noncompliance.”
Boards of Trs. of the Chicago Heights Police Pension Fund v. Dep't of Ins. (Ill. App. Ct. 2001). · cites it 2× “Included was the duty to provide electronic exchange of information between the Division and public pension funds, and the authority to receive from public pension funds data on "computer processible media.”
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