Ill. Admin. Code tit. 74 § 295.200

Current through Register Vol. 48, No. 50, December 13, 2024
Section 295.200 - Definitions

As used in this Part, unless the context indicates otherwise, the following terms shall have the meanings specified:

"Act" means the "State Comptroller Act" [ 15 ILCS 405 ].

"Applicable Sections of the Code" means Code Sections 3-125, 4-118, 5-168, 6-165, 7-172.1, 8-173, 9-184.5, 10-107.5, 11-169, 12-149.5, 13-503.5 and 22-104.

"Certified Amount Delinquent" means the amount of delinquent payments certified by a claimant pursuant to applicable Sections of the Code and this Part.

"Chief Executive Officer" means the President of the Board of Trustees of the fund or retirement plan.

"Claimant" means a pension fund or retirement plan authorized by the Code (i.e., Chicago and downstate police, firefighters and municipal employees, Cook County employees, and various other local government employees) to certify amounts delinquent and claim remittance under applicable Sections of the Code.

"Claim Eligible to be Remitted" means an amount authorized by applicable Sections of the Code to be remitted by the Comptroller that represents fund contributions certified by a claimant as delinquent.

"Code" means the Illinois Pension Code [ 40 ILCS 5 ].

"Comptroller" means the Comptroller of the State of Illinois or any employee of the Office of the Comptroller authorized by the Comptroller to perform the functions and duties required by the Act, the Code or this Part.

"Gross Amount of the Warrant" means that amount of money for which a State agency has authorized the Comptroller to order the payment.

"Payee" means any person who will receive payment in the form of a warrant from the Comptroller, as identified by the Government Unit Code or Federal Employer's Identification Number (FEIN) within a statement of notification under Section 295.300.

"Payee Subject to the Remittance" means the payee of any warrant from which the Comptroller has reduced a claim eligible to be remitted.

"Person" means any individual, corporation, company, association, firm, partnership, society, joint stock company, unit of local government or any other organization.

"Received a Voucher" means that point in time when the Comptroller has physically received the voucher in-house and has date-stamped the voucher.

"Remittance" means a contrary claim or demand by which a given person's claim to a warrant of the Comptroller may be lessened or cancelled.

Ill. Admin. Code tit. 74, § 295.200

Adopted at 42 Ill. Reg. 2055, effective 1/11/2018.