Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as
Public
Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Guide.
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
(40 ILCS 5/2-110.1) (from Ch. 108 1/2, par. 2-110.1)
Sec. 2-110.1.
Service credit for elected county, township or
municipal official. An active participant having no creditable service as
a participating employee under Article 7 of this Code may establish service
credit in this system for periods during which the participant held an
elective office in a county, township or municipality, (including the
full term for which elected if he or she resigned such office to enter the
armed forces of the United States), provided the member cannot establish
service credit under Article 7 for such periods because the county,
township or municipality did not and does not subscribe to coverage for
that office under that Article. Credit for such service may be
established in this system by the participant paying to this system an
amount equal to (1) the contribution rate in effect
for participants at the date of membership in this system multiplied by the
salary then in effect for the members of the General Assembly for each year
of service for which credit is allowed, plus (2) the State's share
of the normal cost of benefits under this system expressed as a percent
of payroll, as determined by the system's actuary as of the date of the
participant's membership in this system multiplied by the salary then in
effect for members of the General Assembly, for each year of service for
which credit is allowed, plus (3) interest on (1) and (2) above at 4% per
annum compounded annually from the date of membership to the date of payment
by the participant.
However, if application for such credit is made between January 1,
1992 and April 1, 1992, the applicant need not pay the amount indicated in
item (2) above, but only the sum of items (1) and (3).
(Source: P.A. 87-794.)
|
