(40 ILCS 5/7-139.4) (from Ch. 108 1/2, par. 7-139.4)
Sec. 7-139.4.
Termination of participation as an employee.
Any
participating employee who is an active member of the General Assembly
on or after November 20, 1979 may, upon written application to the
Board within 90 days of that date or of becoming an active member of
the General Assembly, whichever is later, terminate his participation as
an employee in this fund. Any person who has terminated his
participation as an employee under this Section and has continued the
employment upon which such employee status has been based may revoke
that termination after it has been in effect at least one year by filing
a notice of the revocation with the Board. Any such person may then
establish service credit and creditable service for any period of
service during which the termination of participation was in effect by
paying into the fund, within 6 months after revoking the termination of
participation, an amount equal to the employee contributions which would have
been required during the period for which the termination was
in effect together with interest thereon at 6% per annum compounded
annually.
(Source: P.A. 81-1536.)
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