State of Illinois
91st General Assembly
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91_HB1442

 
                                               LRB9104522EGfg

 1        AN ACT to amend the Illinois  Pension  Code  by  changing
 2    Section 18-112.2.

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

 5        Section 5.  The  Illinois  Pension  Code  is  amended  by
 6    changing Section 18-112.2 as follows:

 7        (40 ILCS 5/18-112.2) (from Ch. 108 1/2, par. 18-112.2)
 8        Sec. 18-112.2.  Transfer of creditable service to Article
 9    8, 9 or 13 Fund.
10        (a)  Any  city  officer  as defined in Section 8-243.2 of
11    this Code, any county officer elected by vote of  the  people
12    who  is  a  participant in the pension fund established under
13    Article 9 13 of this Code, and any elected sanitary  district
14    commissioner   who   is  a  participant  in  a  pension  fund
15    established under Article 13 of  this  Code,  may  apply  for
16    transfer  of  his  or  her  credits  and  creditable  service
17    accumulated  under  this  System  to  such Article 8, 9 or 13
18    fund.   Such  creditable   service   shall   be   transferred
19    forthwith.   Payment by this System to the Article 8, 9 or 13
20    fund shall be made at the same time, and shall consist of:
21             (1)  the amounts credited to the  applicant  through
22        employee contributions, including interest if applicable,
23        on the date of transfer; and
24             (2)  employer contributions equal to the accumulated
25        employee  contributions  as  determined  under clause (1)
26        above.
27    Participation in this System shall terminate on the  date  of
28    transfer.
29        (b)  Any  such  elected  city  officer, county officer or
30    sanitary district  commissioner  may  reinstate  credits  and
31    creditable  service  terminated  upon receipt of a refund, by
 
                            -2-                LRB9104522EGfg
 1    repaying to the System the amount of the refund together with
 2    interest thereon to the date of payment.
 3    (Source: P.A. 85-964; 86-1488; revised 10-31-98.)

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

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