(40 ILCS 5/8-230.9)
Service rendered to Chicago Housing Authority.
(a) Within 60 days after beginning full-time employment with the Chicago
Housing Authority (or within 60 days after the effective date of this
amendatory Act of the 92nd General Assembly, whichever is later), a
person having service credits in this Fund or reinstating service credits
under subsection (c) may elect to participate in this Fund with respect to
that Chicago Housing Authority employment. An employee who participates in
this Fund with respect to Chicago Housing Authority employment shall not, with
respect to the same period of employment, participate in any other pension
plan for employees of the Authority for which contributions are made by the
Authority, except that this provision shall not prevent an employee from
making elective contributions to a plan of deferred compensation during that
period. An election under this subsection (a), once made, is irrevocable.
Participation under this subsection shall be on the same basis and under
the same conditions as are applicable in the case of participating employees
of the city. Employee contributions shall be based on the salary actually
received by the employee for that employment. Employer contributions shall
be paid by the Chicago Housing Authority rather than the city, at a rate to
be determined by the Retirement Board.
(b) An employee or former employee of the Chicago Housing Authority who has
established credit under the Fund with regard to service to an employer other
than the Chicago Housing Authority may contribute to the Fund and receive
credit for all periods of full-time employment with the Chicago Housing
Authority occurring prior to 60 days after the effective date of this
amendatory Act, except for those periods for which the employee retains a right
to credit in another public pension fund or retirement system established under
this Code. Such service credit shall be paid for and granted on the same basis
and under the same conditions as are applicable in the case of employees who
make payment for past service under Section 8-230, provided that the person
must also pay the corresponding employer contributions, and further provided
that the contributions and service credit are permitted under Section 415 of
the Internal Revenue Code of 1986. The contributions shall be based on the
salary actually received by the person from the Authority for that employment.
(c) A person establishing service credit under subsection (b) or electing
to participate in the Fund under subsection (a) may, at the same time,
reinstate service credit that was terminated through receipt of a refund by
repaying to the Fund the amount of the refund plus interest at the effective
rate from the date of the refund to the date of repayment.
(d) An eligible person may establish service credit under subsection (b)
and reinstate service credit under subsection (c) without returning to active
service as an employee under this Article, but the required contributions and
repayment must be received by the Fund before the person begins to receive a
retirement annuity under this Article.
(Source: P.A. 92-599, eff. 6-28-02.)