(40 ILCS 5/8-226.5)
(from Ch. 108 1/2, par. 8-226.5)
Transfer of creditable service to Article 5 fund.
Pursuant to Section 5-234 of this Code, a police officer who is a
participant in a pension fund established under
Article 5 of this Code may apply for transfer of his credits and creditable
service accumulated under this Fund to such Article 5 fund. Such
creditable service shall be transferred forthwith. Payment by this Fund to
the Article 5 fund shall be made at the same time and shall consist of:
(1) the amounts accumulated to the credit of the applicant, including
interest, on the books of the Fund on the date of transfer, but excluding
any additional or optional credits, which credits shall be refunded to the
(2) municipality credits computed and credited under this Article,
including interest, on the books of the Fund on the date the member
terminated service under the Fund.
Participation in this Fund as to any credits transferred under this
Section shall terminate on the date of transfer.
(Source: P.A. 86-272.)