(40 ILCS 5/8-226.6)
(from Ch. 108 1/2, par. 8-226.6)
Transfer to Article 18 system.
Any active member of the
Judges Retirement System who is eligible to transfer service credit to that
System from this Fund under subsection (g) of Section 18-112 may apply for
transfer of that service credit to the Judges Retirement System. The
credits and creditable service shall be transferred upon application, and
shall include payment by this Fund to the Judges Retirement System of:
(1) the amounts accumulated to the credit of the
applicant for that service, including interest, on the books of the Fund on the date of transfer; and
(2) the corresponding employer credits computed and
credited for that service under this Article, including interest, on the books of the Fund on the date of transfer.
Participation in this Fund as to the credits transferred under this
Section shall terminate on the date of transfer.
(Source: P.A. 87-1265.)