(40 ILCS 5/9-121.5)
(from Ch. 108 1/2, par. 9-121.5)
Elected county officer transfer of credits.
officer elected by vote of the people who has elected to participate in the
Fund may transfer to this Fund credits and creditable service accumulated
under any other pension fund or retirement system established under
Articles 2 through 18 of this Code, upon payment to the Fund of (1) the
amount by which the employer and employee contributions that would have
been required if he had participated in this Fund during the period for
which credit is being transferred, plus interest, exceeds the amounts
actually transferred from such other fund or system to this Fund, plus (2)
interest thereon at 6% per year compounded annually from the date of transfer
to the date of payment.
(Source: P.A. 85-964.)