(40 ILCS 5/9-121.11)
(from Ch. 108 1/2, par. 9-121.11)
Transfer of credit from Article 8 or 11.
Until March 1,
1993, an employee may transfer to this Fund up to a total of 10 years of
creditable service accumulated under Article 8 or 11 of this Code, upon
payment to this Fund of (1) the amount by which the employee and employer
contributions that would have been required if the employee had participated
in this Fund during the period for which credit is being transferred, plus
interest, exceeds the amount actually transferred from the Article 8 or 11
fund to this Fund, plus (2) interest on the amount determined under item
(1) at the rate of 6% per year, compounded annually, from the date of the
transfer to the date of payment.
(Source: P.A. 87-1265.)