(a) The Illinois Gives Initiative is hereby created to provide a mechanism whereby an employee or annuitant may authorize the withholding of a portion of his or her salary, wages, or annuity for payment to Illinois chapters of the American Red Cross whose territories include areas affected by a declaration of disaster issued in accordance with Section 7 of the Illinois Emergency Management Agency Act.
     (b) The initiative shall be administered by the State Comptroller, who is authorized to:
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Terms Used In Illinois Compiled Statutes 15 ILCS 405/26

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

         (1) develop an electronic mechanism whereby an
    
employee or annuitant may register with the Office of the Comptroller for the withholding to be deducted from the next available scheduled pay period;
        (2) develop policies and procedures necessary for the
    
efficient transmission of the notification of the withholding under this Section to the employee’s Payroll Officer or the annuitant’s Retirement Agency; and
        (3) develop policies and procedures necessary for the
    
efficient distribution of the withholdings under this Section to designated Illinois chapters of the American Red Cross.
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