(40 ILCS 5/18-112.2) (from Ch. 108 1/2, par. 18-112.2)
Sec. 18-112.2.
Transfer of creditable service to Article 8, 9 or 13
Fund.
(a) Any city officer as defined in Section 8-243.2 of this
Code, any county officer elected by vote of the people
who is a participant in the pension fund established under Article 9
of this
Code, and any elected sanitary district commissioner who is a participant
in a pension fund established under Article 13 of this Code,
may apply for transfer of his or her credits and creditable service
accumulated under this System to such Article 8, 9 or 13 fund. Such creditable
service shall be transferred forthwith. Payment by this System to the
Article 8, 9 or 13 fund shall be made at the same time, and shall consist of:
(1) the amounts credited to the applicant through |
| employee contributions, including interest if applicable, on the date of transfer; and
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(2) employer contributions equal to the accumulated
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| employee contributions as determined under clause (1) above.
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Participation in this System shall terminate on the date of transfer.
(b) Any such elected city officer, county officer or sanitary
district commissioner
may reinstate credits and creditable service
terminated upon receipt of a refund, by repaying to the System the amount of
the refund together with interest thereon to the date of payment.
(Source: P.A. 91-357, eff. 7-29-99.)
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