(40 ILCS 5/15-113.10)
(from Ch. 108 1/2, par. 15-113.10)
Transfer of creditable service to Article 8, 9 or 13
(a) Any city officer as defined in Section 8-243.2
of this Code, any county officer elected by vote of the
people who is a participant in the pension fund established under Article 9
of this Code, any chief of the County Police Department or undersheriff
of the County Sheriff's Department who has elected under subparagraph (j) of
Section 9-128.1 to be included within the provisions of Section 9-128.1 of
Article 9 of this Code, and any elected sanitary district commissioner who is
a participant in a pension fund established under Article 13 of this Code,
may apply to transfer his or her credits and creditable service accumulated
under this System to such Article 8, 9 or 13 fund. Such creditable
service shall be transferred forthwith. Payment by this System to the
Article 8, 9 or 13 Fund shall be made at the same time and shall consist of:
(1) the amounts accumulated to the credit of the
Participation in this System shall terminate on the date of transfer.
(b) Any such elected city officer, county officer, chief of the County
Police Department, undersheriff of the County Sheriff's Department, or
district commissioner may reinstate credits and creditable service
terminated upon receipt of a
refund, by payment to the System of the amount of the refund together with
interest at the rate required for repayment of a refund under Section
15-154 from the date the refund was received to the date of payment.
(c) Any such elected city officer, county officer, chief of the County
Police Department, undersheriff of the County Sheriff's Department, or sanitary
district commissioner who has credits and creditable service under the System
may establish additional credits and creditable service for periods during
which he or she could have elected to participate but did not so elect.
Credits and creditable service may be established by payment to the System of
an amount equal to the contributions that he or she would have made if he or
she had elected to participate, plus regular interest to the date of payment.
(Source: P.A. 89-643, eff. 8-9-96.)