(40 ILCS 5/9-121.10)
(from Ch. 108 1/2, par. 9-121.10)
Transfer to Article 14.
(a) Any active member of the State Employees'
Retirement System who is a State policeman, investigator for the Office of the Attorney General, an investigator for the Department of Revenue, investigator for the Secretary of State, or conservation police officer may apply for transfer of some
or all of his creditable service as a member of the County Police
Department, a county corrections officer, or a court services officer accumulated under this Article to the State Employees'
Retirement System in accordance with Section 14-110. At the time of the transfer the Fund shall pay to the
State Employees' Retirement System an amount equal to:
(1) the amounts accumulated to the credit of the
applicant on the books of the Fund on the date of transfer for the service to be transferred; and
(2) the corresponding municipality credits, including
interest, on the books of the Fund on the date of transfer; and
(3) any interest paid by the applicant in order to
Participation in this Fund with respect to the credits transferred shall
terminate on the date of transfer.
(b) Any person applying to transfer service under this Section
may reinstate credit for service as a member of the County Police
Department that was terminated by receipt of a refund, by paying to the
Fund the amount of the refund with interest thereon at the actuarially assumed rate of interest, compounded annually, from the date of refund to the date of payment.
(Source: P.A. 95-530, eff. 8-28-07; 96-745, eff. 8-25-09.)