(40 ILCS 5/4-108.1)
(from Ch. 108 1/2, par. 4-108.1)
Transfer of creditable service to General Assembly Retirement
System. (a) Any active member of the General Assembly Retirement System
may apply for transfer of credits and creditable service accumulated
in any firefighter's pension fund under this Article to
the General Assembly Retirement System. Such transfer shall be made
by the firefighters' pension fund 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; and
(2) municipality contributions equal to the accumulated employee contributions
as determined under (1) above. Participation in the firefighters'
pension fund shall terminate on the date of transfer.
(b) An active member of the General Assembly may reinstate service and
creditable service terminated upon receipt of a refund, by payment
to the firefighters' pension fund of the amount of the
refund with interest thereon at the rate
of 6% per year to the date of payment.
(Source: P.A. 83-1440.)