State of Illinois
91st General Assembly
Legislation

   [ Search ]   [ Legislation ]
[ Home ]   [ Back ]   [ Bottom ]



91_HB4115

 
                                               LRB9112078EGfg

 1        AN ACT to amend the Illinois Pension Code.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The  Illinois  Pension  Code  is  amended  by
 5    changing  Sections  7-139.7  and  14-110  and  adding Section
 6    15-134.6 as follows:

 7        (40 ILCS 5/7-139.7) (from Ch. 108 1/2, par. 7-139.7)
 8        Sec. 7-139.7.  Transfer to Article 14.
 9        (a)  Until January 31, 1994, any  active  member  of  the
10    State  Employees' Retirement System who is a State policeman,
11    a conservation police officer, or  an  investigator  for  the
12    Secretary  of  State may apply for transfer of his creditable
13    service accumulated under  this  Article  for  service  as  a
14    sheriff's law enforcement employee, or service as a municipal
15    conservator of the peace, certified under the Police Training
16    Act,  to the State Employees' Retirement System.  At the time
17    of the transfer the Fund shall pay to  the  State  Employees'
18    Retirement System an amount equal to:
19             (1)  the  amounts  accumulated  to the credit of the
20        applicant for such service on the books of  the  Fund  on
21        the date of transfer; and
22             (2)  the    corresponding    municipality   credits,
23        including interest, on the books of the Fund on the  date
24        of transfer; and
25             (3)  any  interest paid by the applicant in order to
26        reinstate such service.
27    Participation in this Fund with respect  to  the  transferred
28    credits shall terminate on the date of transfer.
29        (b)  Until  January  31,  1993, any such State policeman,
30    conservation police officer or investigator for the Secretary
31    of State may reinstate service that was terminated by receipt
 
                            -2-                LRB9112078EGfg
 1    of a refund, by paying to the Fund the amount of  the  refund
 2    with  interest thereon at the effective rate from the date of
 3    refund to the date of payment.
 4        (c)  Until July 1, 2001, any active member of  the  State
 5    Employees'  Retirement  System  who  is a State policeman may
 6    apply for transfer  of  all  or  a  portion  of  his  or  her
 7    creditable service accumulated under this Article for service
 8    as  a  civilian  employee of a police department to the State
 9    Employees'  Retirement  System  in  accordance  with  Section
10    14-110.  At the time of the transfer the Fund  shall  pay  to
11    the State Employees' Retirement System an amount equal to:
12             (1)  the  amounts  accumulated  to the credit of the
13        applicant for the service to be transferred on the  books
14        of the Fund on the date of transfer; and
15             (2)  the    corresponding    municipality   credits,
16        including interest, on the books of the Fund on the  date
17        of transfer.
18    Participation  in  this  Fund with respect to the transferred
19    credits shall terminate on the date of transfer.
20    (Source: P.A. 87-794; 87-850; 87-1265.)

21        (40 ILCS 5/14-110) (from Ch. 108 1/2, par. 14-110)
22        Sec. 14-110.  Alternative retirement annuity.
23        (a)  Any member who has withdrawn from service  with  not
24    less  than  20  years  of eligible creditable service and has
25    attained age 55,  and  any  member  who  has  withdrawn  from
26    service  with  not  less than 25 years of eligible creditable
27    service and has attained age 50, regardless  of  whether  the
28    attainment  of  either of the specified ages occurs while the
29    member is still in service, shall be entitled to  receive  at
30    the  option  of the member, in lieu of the regular or minimum
31    retirement  annuity,  a  retirement   annuity   computed   as
32    follows:
33             (i)  for   periods   of   service  as  a  noncovered
 
                            -3-                LRB9112078EGfg
 1        employee, 2 1/4% of final average compensation  for  each
 2        of  the  first 10 years of creditable service, 2 1/2% for
 3        each year above 10 years to and  including  20  years  of
 4        creditable   service,   and  2  3/4%  for  each  year  of
 5        creditable service above 20 years; and
 6             (ii)  for periods of eligible creditable service  as
 7        a  covered  employee, 1.67% of final average compensation
 8        for each of the first 10 years of such service, 1.90% for
 9        each of the next 10 years of such service, 2.10% for each
10        year of such service in excess of 20  but  not  exceeding
11        30, and 2.30% for each year in excess of 30.
12        Such  annuity  shall  be  subject  to a maximum of 75% of
13    final  average  compensation.   These  rates  shall  not   be
14    applicable  to any service performed by a member as a covered
15    employee which is not eligible creditable service.    Service
16    as  a  covered  employee  which  is  not  eligible creditable
17    service shall be subject  to  the  rates  and  provisions  of
18    Section 14-108.
19        (b)  For   the   purpose   of   this  Section,  "eligible
20    creditable service" means creditable service  resulting  from
21    service in one or more of the following positions:
22             (1)  State policeman;
23             (2)  fire  fighter in the fire protection service of
24        a department;
25             (3)  air pilot;
26             (4)  special agent;
27             (5)  investigator for the Secretary of State;
28             (6)  conservation police officer;
29             (7)  investigator for the Department of Revenue;
30             (8)  security employee of the  Department  of  Human
31        Services;
32             (9)  Central  Management  Services  security  police
33        officer;
34             (10)  security   employee   of   the  Department  of
 
                            -4-                LRB9112078EGfg
 1        Corrections;
 2             (11)  dangerous drugs investigator;
 3             (12)  investigator  for  the  Department  of   State
 4        Police;
 5             (13)  investigator  for  the  Office of the Attorney
 6        General;
 7             (14)  controlled substance inspector;
 8             (15)  investigator for the  Office  of  the  State's
 9        Attorneys Appellate Prosecutor;
10             (16)  Commerce Commission police officer;
11             (17)  arson investigator.
12        A  person  employed  in one of the positions specified in
13    this subsection is entitled to  eligible  creditable  service
14    for service credit earned under this Article while undergoing
15    the basic police training course approved by the Illinois Law
16    Enforcement  Training  Standards Board, if completion of that
17    training is required of persons  serving  in  that  position.
18    For  the  purposes  of this Code, service during the required
19    basic police training course shall be deemed  performance  of
20    the  duties of the specified position, even though the person
21    is not a sworn peace officer at the time of the training.
22        (c)  For the purposes of this Section:
23             (1)  The term "state policeman" includes  any  title
24        or  position  in  the  Department of State Police that is
25        held by an individual employed  under  the  State  Police
26        Act.
27             (2)  The  term  "fire fighter in the fire protection
28        service of a department" includes all  officers  in  such
29        fire   protection   service  including  fire  chiefs  and
30        assistant fire chiefs.
31             (3)  The term  "air  pilot"  includes  any  employee
32        whose  official job description on file in the Department
33        of Central Management Services, or in the  department  by
34        which he is employed if that department is not covered by
 
                            -5-                LRB9112078EGfg
 1        the Personnel Code, states that his principal duty is the
 2        operation  of  aircraft,  and  who  possesses  a  pilot's
 3        license;  however,  the change in this definition made by
 4        this amendatory Act of 1983 shall not operate to  exclude
 5        any  noncovered  employee  who was an "air pilot" for the
 6        purposes of this Section on January 1, 1984.
 7             (4)  The term "special agent" means any  person  who
 8        by  reason  of  employment  by  the  Division of Narcotic
 9        Control, the Bureau of Investigation or,  after  July  1,
10        1977,   the   Division  of  Criminal  Investigation,  the
11        Division of Internal Investigation or any other  Division
12        or  organizational  entity  in  the  Department  of State
13        Police is vested by law with duties  to  maintain  public
14        order, investigate violations of the criminal law of this
15        State,  enforce  the laws of this State, make arrests and
16        recover property.  The term "special agent" includes  any
17        title  or position in the Department of State Police that
18        is held by an individual employed under the State  Police
19        Act.
20             (5)  The  term  "investigator  for  the Secretary of
21        State" means any person employed by  the  Office  of  the
22        Secretary  of  State  and  vested with such investigative
23        duties as render him ineligible for  coverage  under  the
24        Social  Security  Act by reason of Sections 218(d)(5)(A),
25        218(d)(8)(D) and 218(l)(1) of that Act.
26             A person who became employed as an investigator  for
27        the  Secretary  of  State  between  January  1,  1967 and
28        December 31, 1975, and  who  has  served  as  such  until
29        attainment  of  age  60,  either  continuously  or with a
30        single  break  in  service  of  not  more  than  3  years
31        duration, which break terminated before January 1,  1976,
32        shall   be   entitled  to  have  his  retirement  annuity
33        calculated    in   accordance   with   subsection    (a),
34        notwithstanding  that he has less than 20 years of credit
 
                            -6-                LRB9112078EGfg
 1        for such service.
 2             (6)  The term "Conservation  Police  Officer"  means
 3        any person employed by the Division of Law Enforcement of
 4        the  Department of Natural Resources and vested with such
 5        law enforcement  duties  as  render  him  ineligible  for
 6        coverage  under  the  Social  Security  Act  by reason of
 7        Sections 218(d)(5)(A),  218(d)(8)(D),  and  218(l)(1)  of
 8        that   Act.    The  term  "Conservation  Police  Officer"
 9        includes  the  positions  of  Chief  Conservation  Police
10        Administrator   and   Assistant    Conservation    Police
11        Administrator.
12             (7)  The  term  "investigator  for the Department of
13        Revenue" means any person employed by the  Department  of
14        Revenue  and  vested  with  such  investigative duties as
15        render him  ineligible  for  coverage  under  the  Social
16        Security   Act   by   reason  of  Sections  218(d)(5)(A),
17        218(d)(8)(D) and 218(l)(1) of that Act.
18             (8)  The term "security employee of  the  Department
19        of  Human  Services"  means  any  person  employed by the
20        Department of Human  Services  who  is  employed  at  the
21        Chester  Mental  Health Center and has daily contact with
22        the residents thereof, or who is a mental  health  police
23        officer.  "Mental health police officer" means any person
24        employed  by  the  Department  of  Human  Services  in  a
25        position pertaining to the Department's mental health and
26        developmental  disabilities  functions who is vested with
27        such  law  enforcement  duties  as  render   the   person
28        ineligible  for coverage under the Social Security Act by
29        reason  of  Sections   218(d)(5)(A),   218(d)(8)(D)   and
30        218(l)(1) of that Act.
31             (9)  "Central  Management  Services  security police
32        officer" means any person employed by the  Department  of
33        Central  Management  Services who is vested with such law
34        enforcement duties as render him ineligible for  coverage
 
                            -7-                LRB9112078EGfg
 1        under  the  Social  Security  Act  by  reason of Sections
 2        218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
 3             (10)  The term "security employee of the  Department
 4        of  Corrections"  means any employee of the Department of
 5        Corrections or the former Department  of  Personnel,  and
 6        any  member or employee of the Prisoner Review Board, who
 7        has daily  contact  with  inmates  by  working  within  a
 8        correctional  facility  or  who is a parole officer or an
 9        employee who has direct contact with committed persons in
10        the performance of his or her job duties.
11             (11)  The term "dangerous drugs investigator"  means
12        any  person  who is employed as such by the Department of
13        Human Services.
14             (12)  The term "investigator for the  Department  of
15        State  Police"  means a person employed by the Department
16        of State Police who is vested  under  Section  4  of  the
17        Narcotic  Control  Division  Abolition  Act with such law
18        enforcement powers as render him ineligible for  coverage
19        under  the  Social  Security  Act  by  reason of Sections
20        218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
21             (13)  "Investigator for the Office of  the  Attorney
22        General"  means any person who is employed as such by the
23        Office of the Attorney General and is  vested  with  such
24        investigative   duties   as  render  him  ineligible  for
25        coverage under the  Social  Security  Act  by  reason  of
26        Sections 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that
27        Act.   For  the  period  before January 1, 1989, the term
28        includes all persons who were employed  as  investigators
29        by  the Office of the Attorney General, without regard to
30        social security status.
31             (14)  "Controlled  substance  inspector"  means  any
32        person who is employed  as  such  by  the  Department  of
33        Professional  Regulation  and  is  vested  with  such law
34        enforcement duties as render him ineligible for  coverage
 
                            -8-                LRB9112078EGfg
 1        under  the  Social  Security  Act  by  reason of Sections
 2        218(d)(5)(A), 218(d)(8)(D) and  218(l)(1)  of  that  Act.
 3        The  term  "controlled  substance inspector" includes the
 4        Program  Executive  of  Enforcement  and  the   Assistant
 5        Program Executive of Enforcement.
 6             (15)  The  term  "investigator for the Office of the
 7        State's Attorneys Appellate Prosecutor"  means  a  person
 8        employed  in that capacity on a full time basis under the
 9        authority  of  Section  7.06  of  the  State's  Attorneys
10        Appellate Prosecutor's Act.
11             (16)  "Commerce Commission police officer" means any
12        person employed by the Illinois Commerce  Commission  who
13        is  vested with such law enforcement duties as render him
14        ineligible for coverage under the Social Security Act  by
15        reason   of   Sections  218(d)(5)(A),  218(d)(8)(D),  and
16        218(l)(1) of that Act.
17             (17)  "Arson investigator" means any person  who  is
18        employed  as such by the Office of the State Fire Marshal
19        and is vested with such law enforcement duties as  render
20        the  person  ineligible  for  coverage  under  the Social
21        Security  Act  by  reason   of   Sections   218(d)(5)(A),
22        218(d)(8)(D),  and  218(l)(1)  of that Act.  A person who
23        was employed as an arson investigator on January 1,  1995
24        and  is  no  longer  in  service  but not yet receiving a
25        retirement annuity may  convert  his  or  her  creditable
26        service  for  employment  as  an  arson investigator into
27        eligible creditable service by paying to the  System  the
28        difference  between  the  employee contributions actually
29        paid for that service and the  amounts  that  would  have
30        been  contributed  if  the applicant were contributing at
31        the rate applicable  to  persons  with  the  same  social
32        security  status  earning  eligible creditable service on
33        the date of application.
34        (d)  A   security   employee   of   the   Department   of
 
                            -9-                LRB9112078EGfg
 1    Corrections, and a security employee  of  the  Department  of
 2    Human  Services  who  is  not a mental health police officer,
 3    shall not be eligible for the alternative retirement  annuity
 4    provided by this Section unless he or she meets the following
 5    minimum   age   and  service  requirements  at  the  time  of
 6    retirement:
 7             (i)  25 years of eligible creditable service and age
 8        55; or
 9             (ii)  beginning  January  1,  1987,  25   years   of
10        eligible  creditable  service  and age 54, or 24 years of
11        eligible creditable service and age 55; or
12             (iii)  beginning  January  1,  1988,  25  years   of
13        eligible  creditable  service  and age 53, or 23 years of
14        eligible creditable service and age 55; or
15             (iv)  beginning  January  1,  1989,  25   years   of
16        eligible  creditable  service  and age 52, or 22 years of
17        eligible creditable service and age 55; or
18             (v)  beginning January 1, 1990, 25 years of eligible
19        creditable service and age 51, or 21  years  of  eligible
20        creditable service and age 55; or
21             (vi)  beginning   January   1,  1991,  25  years  of
22        eligible creditable service and age 50, or  20  years  of
23        eligible creditable service and age 55.
24        Persons  who have service credit under Article 16 of this
25    Code for service as a security employee of the Department  of
26    Corrections  in  a  position  requiring  certification  as  a
27    teacher  may  count  such  service  toward establishing their
28    eligibility under the service requirements of  this  Section;
29    but  such  service  may  be  used  only for establishing such
30    eligibility,  and  not  for  the  purpose  of  increasing  or
31    calculating any benefit.
32        (e)  If a member enters military service while working in
33    a position  in  which  eligible  creditable  service  may  be
34    earned,  and  returns to State service in the same or another
 
                            -10-               LRB9112078EGfg
 1    such  position,  and  fulfills  in  all  other  respects  the
 2    conditions prescribed in this Article for credit for military
 3    service, such military service shall be credited as  eligible
 4    creditable service for the purposes of the retirement annuity
 5    prescribed in this Section.
 6        (f)  For  purposes  of  calculating  retirement annuities
 7    under  this  Section,  periods  of  service  rendered   after
 8    December  31,  1968  and  before October 1, 1975 as a covered
 9    employee in  the  position  of  special  agent,  conservation
10    police officer, mental health police officer, or investigator
11    for  the  Secretary  of  State,  shall be deemed to have been
12    service as a noncovered employee, provided that the  employee
13    pays to the System prior to retirement an amount equal to (1)
14    the  difference between the employee contributions that would
15    have been required for such service as a noncovered employee,
16    and the amount of employee contributions actually paid,  plus
17    (2)  if payment is made after July 31, 1987, regular interest
18    on the amount specified in item (1) from the date of  service
19    to the date of payment.
20        For  purposes  of  calculating retirement annuities under
21    this Section, periods of service rendered after December  31,
22    1968  and before January 1, 1982 as a covered employee in the
23    position of investigator for the Department of Revenue  shall
24    be  deemed  to  have  been  service as a noncovered employee,
25    provided that the  employee  pays  to  the  System  prior  to
26    retirement  an amount equal to (1) the difference between the
27    employee contributions that would have been required for such
28    service as a noncovered employee, and the amount of  employee
29    contributions  actually  paid,  plus  (2)  if payment is made
30    after  January  1,  1990,  regular  interest  on  the  amount
31    specified in item (1) from the date of service to the date of
32    payment.
33        (g)  A State policeman may elect, not later than  January
34    1,  1990,  to establish eligible creditable service for up to
 
                            -11-               LRB9112078EGfg
 1    10 years of his service as a policeman under  Article  3,  by
 2    filing  a  written  election  with  the Board, accompanied by
 3    payment of an amount to be determined by the Board, equal  to
 4    (i)  the  difference  between  the  amount  of  employee  and
 5    employer   contributions  transferred  to  the  System  under
 6    Section  3-110.5,  and  the  amounts  that  would  have  been
 7    contributed had such contributions been  made  at  the  rates
 8    applicable  to State policemen, plus (ii) interest thereon at
 9    the effective rate for each year, compounded  annually,  from
10    the date of service to the date of payment.
11        Subject  to  the  limitation  in  subsection (i), a State
12    policeman  may  elect,  not  later  than  July  1,  1993,  to
13    establish eligible creditable service for up to 10  years  of
14    his service as a member of the County Police Department under
15    Article  9,  by  filing  a  written  election with the Board,
16    accompanied by payment of an amount to be determined  by  the
17    Board,  equal  to  (i)  the  difference between the amount of
18    employee and employer contributions transferred to the System
19    under Section 9-121.10 and the amounts that would  have  been
20    contributed  had  those  contributions been made at the rates
21    applicable to State policemen, plus (ii) interest thereon  at
22    the  effective  rate for each year, compounded annually, from
23    the date of service to the date of payment.
24        Subject to the limitation  in  subsection  (i),  a  State
25    policeman  may  elect,  not  later  than  July  1,  2001,  to
26    establish  eligible  creditable service for up to 12 years of
27    his or her service as a  civilian  employee  of  a  municipal
28    police  department  under  Article  7  or as a police officer
29    under Article 15 by filing a written election with the Board,
30    accompanied by payment of an amount to be determined  by  the
31    Board,  equal  to  (i)  the  difference between the amount of
32    employee and employer contributions transferred to the System
33    under Section 7-139.7(c) or 15-134.6  and  the  amounts  that
34    would have been contributed had those contributions been made
 
                            -12-               LRB9112078EGfg
 1    at  the  rates  then  applicable  to persons earning eligible
 2    creditable  service,  plus  (ii)  interest  thereon  at   the
 3    effective  rate  for each year, compounded annually, from the
 4    date of service to the date of payment.
 5        (h)  Subject to the limitation in subsection (i), a State
 6    policeman or investigator for  the  Secretary  of  State  may
 7    elect  to  establish eligible creditable service for up to 12
 8    years of his service as  a  policeman  under  Article  5,  by
 9    filing a written election with the Board on or before January
10    31,  1992,  and  paying  to the System by January 31, 1994 an
11    amount to be determined  by  the  Board,  equal  to  (i)  the
12    difference  between  the  amount  of  employee  and  employer
13    contributions  transferred to the System under Section 5-236,
14    and the amounts that would have  been  contributed  had  such
15    contributions  been  made  at  the  rates applicable to State
16    policemen, plus (ii) interest thereon at the  effective  rate
17    for  each year, compounded annually, from the date of service
18    to the date of payment.
19        Subject to the limitation  in  subsection  (i),  a  State
20    policeman,  conservation  police officer, or investigator for
21    the Secretary  of  State  may  elect  to  establish  eligible
22    creditable  service  for  up  to  10  years  of  service as a
23    sheriff's law enforcement employee under Article 7, by filing
24    a written election with the Board on or  before  January  31,
25    1993,  and paying to the System by January 31, 1994 an amount
26    to be determined by the Board, equal to  (i)  the  difference
27    between  the  amount  of  employee and employer contributions
28    transferred to the System  under  Section  7-139.7,  and  the
29    amounts   that   would   have   been   contributed  had  such
30    contributions been made at  the  rates  applicable  to  State
31    policemen,  plus  (ii) interest thereon at the effective rate
32    for each year, compounded annually, from the date of  service
33    to the date of payment.
34        (i)  The  total  amount  of  eligible  creditable service
 
                            -13-               LRB9112078EGfg
 1    established by any 3person under subsections (g),  (h),  (j),
 2    (k), and (l) of this Section shall not exceed 12 years.
 3        (j)  Subject  to  the  limitation  in  subsection (i), an
 4    investigator  for  the  Office  of  the   State's   Attorneys
 5    Appellate  Prosecutor or a controlled substance inspector may
 6    elect to establish eligible creditable service for up  to  10
 7    years  of  his  service  as  a policeman under Article 3 or a
 8    sheriff's law enforcement employee under Article 7, by filing
 9    a written election with the Board, accompanied by payment  of
10    an  amount  to  be  determined by the Board, equal to (1) the
11    difference  between  the  amount  of  employee  and  employer
12    contributions transferred to the System under Section 3-110.6
13    or 7-139.8, and the amounts that would have been  contributed
14    had  such  contributions been made at the rates applicable to
15    State policemen, plus (2) interest thereon at  the  effective
16    rate  for  each  year,  compounded annually, from the date of
17    service to the date of payment.
18        (k)  Subject to the limitation in subsection (i) of  this
19    Section,   an  alternative  formula  employee  may  elect  to
20    establish eligible creditable service for periods spent as  a
21    full-time  law  enforcement  officer or full-time corrections
22    officer employed by the federal government or by a  state  or
23    local  government  located  outside  of  Illinois,  for which
24    credit is not held in any other public employee pension  fund
25    or  retirement  system.  To obtain this credit, the applicant
26    must file a written application with the Board by  March  31,
27    1998,  accompanied  by  evidence of eligibility acceptable to
28    the Board and payment of an amount to be  determined  by  the
29    Board,  equal  to  (1)  employee contributions for the credit
30    being established, based upon the applicant's salary  on  the
31    first  day  as  an  alternative  formula  employee  after the
32    employment for which credit  is  being  established  and  the
33    rates  then applicable to alternative formula employees, plus
34    (2) an amount determined by the Board to  be  the  employer's
 
                            -14-               LRB9112078EGfg
 1    normal  cost  of  the  benefits  accrued for the credit being
 2    established, plus (3) regular  interest  on  the  amounts  in
 3    items  (1)  and  (2)  from  the  first  day as an alternative
 4    formula employee after the employment  for  which  credit  is
 5    being established to the date of payment.
 6        (l)  Subject  to  the  limitation  in  subsection  (i), a
 7    security employee of the Department of Corrections may elect,
 8    not later than July 1, 1998, to establish eligible creditable
 9    service for up to 10  years  of  his  or  her  service  as  a
10    policeman  under Article 3, by filing a written election with
11    the  Board,  accompanied  by  payment  of  an  amount  to  be
12    determined by the Board, equal to (i) the difference  between
13    the amount of employee and employer contributions transferred
14    to  the  System  under  Section 3-110.5, and the amounts that
15    would have been contributed had such contributions been  made
16    at   the  rates  applicable  to  security  employees  of  the
17    Department of Corrections, plus (ii) interest thereon at  the
18    effective  rate  for each year, compounded annually, from the
19    date of service to the date of payment.
20    (Source: P.A. 90-32, eff. 6-27-97; 91-357, eff. 7-29-99.)

21        (40 ILCS 5/15-134.6 new)
22        Sec. 15-134.6.  Transfer of certain creditable service to
23    the Article 14 retirement system.  Until  July  1,  2001,  an
24    active  member  of  the Article 14 retirement system who is a
25    State policeman may transfer all or a portion of his  or  her
26    creditable  service accumulated under this System for service
27    as a police officer to the Article 14  retirement  system  in
28    accordance  with  Section 14-110.  The transfer of creditable
29    service shall be accompanied by payment from this  System  to
30    the Article 14 retirement system of:
31             (1)  the  amounts  credited to the applicant for the
32        service to be transferred through employee contributions,
33        including interest, as of the date of transfer; and
 
                            -15-               LRB9112078EGfg
 1             (2)  employer  contributions  equal  to  the  amount
 2        determined under item (1).
 3    Participation in this System with respect to the  transferred
 4    service shall terminate on the date of transfer.

 5        Section  99.  Effective date.  This Act takes effect upon
 6    becoming law.

[ Top ]