(40 ILCS 5/7-139.1) (from Ch. 108 1/2, par. 7-139.1)
Sec. 7-139.1.
General Assembly transfers and credits.
(a) Any active member of the General Assembly Retirement System (and
until February 1, 1993, any former member of that System who has not yet
retired) may apply for transfer of his credits and creditable service
accumulated under this Fund to the General Assembly System. Also, any
active member of the State Employees' Retirement System of Illinois who is
an officer of the General Assembly may apply for a similar transfer from
this Fund, provided that such member received credit under this Fund as an
elected county officer. Such credits and creditable service shall be
transferred forthwith. Payment by this Fund to the General Assembly System
or the State Employees' Retirement System shall be made at the same time
and shall consist of:
(1) the amounts accumulated to the credit of the applicant, including interest, on the |
| books of the Fund on the date of transfer, but excluding any additional or optional credits, which credits shall be refunded to the applicant; and
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(2) municipality credits computed and credited under Section 7-139, including interest,
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| on the books of the Fund on the date the member terminated service under the Fund.
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Participation in this Fund as to any credits transferred under this
Section shall terminate on the date of transfer.
(b) An active member of the General Assembly Retirement System (and
until February 1, 1993, any former member of that System who has not yet
retired) who has service credits and creditable service under the Fund may
establish additional service credits and creditable service for periods
during which he was an elected official and could have elected to
participate but did not so elect. Service credits and creditable service
may be established by payment to the fund of an amount equal to the
contributions he would have made if he had elected to participate, plus
interest to the date of payment. The limitations in subparagraph (c) of
Section 7-139 of this Article shall not apply to payments made under this
Section.
(c) An active member of the General Assembly Retirement System (and
until February 1, 1993, any former member of that System who has not yet
retired) may reinstate service and service credits terminated upon receipt
of a separation benefit, by payment to the Fund of the amount of the
separation benefit plus interest thereon to the date of payment.
(Source: P.A. 87-794.)
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