(40 ILCS 5/15-134.2) (from Ch. 108 1/2, par. 15-134.2)
Sec. 15-134.2.
Transfer of creditable service to the General Assembly
Retirement System. (a) An active member of the General Assembly Retirement
System may apply to transfer his or her credits and creditable service accumulated
under this system to the General Assembly Retirement System. The credits
and creditable service shall be transferred forthwith. Payment by this
system to the General Assembly Retirement System shall be made at the same
time and shall consist of: (1) the amounts credited to the applicant, through
employee contributions, including interest, as of the date of transfer;
and (2) employer contributions equal in amount to the accumulated employee
contributions as determined in subparagraph (1) above. Participation in
this system shall terminate on the date of transfer.
(b) An active member of the General Assembly may reinstate service credits
terminated upon receipt of a refund by payment to the system of the amount
of the refund together with compound 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.
(Source: P.A. 83-1440.)
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