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HB0287 |
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LRB095 05114 AMC 25183 b |
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| (b) An active member of a pension fund established under |
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| Article 4 may reinstate service as a public safety officer that |
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| was terminated by receipt of a refund by paying to the police |
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| pension fund the amount of the refund with interest thereon at |
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| the rate of 6% per year, compounded annually, from the date of |
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| refund to the date of payment. |
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| (40 ILCS 5/4-108.4)
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| Sec. 4-108.4. Transfer of creditable service from Article 3 |
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| or Article 7 fund.
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| (a) Any firefighter who was excluded
from participation in |
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| an Article
4 fund because the firefighter earned credit for |
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| that service under Article 7 of this Code and who is a |
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| participant in the Illinois
Municipal Retirement
Fund may |
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| become an active participant in that firefighter pension fund |
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| by
making a
written application to the Board. Persons so |
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| applying
shall begin
participation on the first day of the |
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| month following the month in which the
application is
received |
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| by the Board. An employee who makes application for
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| participation
shall not be deemed ineligible to participate in |
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| the firefighter pension fund
by reason of
having failed to |
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| apply within the 3-month period specified in subsection (b) of
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| Section 4-107.
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| (b) A firefighter who was excluded
from participation in an |
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| Article
4 fund because the firefighter earned credit for that |
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| service under Article 7 of this Code and who is a participant |
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HB0287 |
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LRB095 05114 AMC 25183 b |
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| in the Illinois Municipal Retirement
Fund may also elect to |
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| establish creditable service for
those periods of employment as |
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| a firefighter during which he or she was excluded from
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| participation in an
Article 4 fund by paying into the fund the |
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| amount that
the person
would have contributed had deductions |
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| from salary been made for this purpose at
the time the service |
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| was rendered, together with interest thereon at 6% per
annum, |
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| compounded annually, from the time the service was rendered |
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| until the
date of payment, less any amounts transferred from |
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| the Illinois Municipal
Retirement Fund under Section 7-139.10.
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| (c) In no event shall pension credit for the same service |
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| rendered by an
employee be accredited in more than one pension |
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| fund or retirement system under this Code. If an employee |
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| applies for service credit under subsection (b), then any |
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| creditable
service time accumulated in the Illinois Municipal |
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| Retirement Fund for the same
period must be transferred to the |
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| Article 4 fund under Section 7-139.10.
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| (d) A firefighter whose service as a public safety officer |
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| was excluded
from participation in an Article
4 fund because |
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| the firefighter earned credit for that service under Article 3 |
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| of this Code and who is a participant in a police pension fund |
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| under that Article may elect to establish creditable service |
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| for
those periods of employment as a public safety officer |
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| during which he or she was excluded from
participation in an
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| Article 4 fund by paying into the fund the amount that
the |
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| person
would have contributed had deductions from salary been |
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HB0287 |
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LRB095 05114 AMC 25183 b |
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| made for this purpose at
the time the service was rendered, |
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| together with interest thereon at 6% per
annum, compounded |
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| annually, from the time the service was rendered until the
date |
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| of payment, less any amounts transferred from the police |
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| pension fund under Section 3-110.9.
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| (Source: P.A. 93-689, eff. 7-1-04.) |
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| Section 90. The State Mandates Act is amended by adding |
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| Section 8.31 as follows: |
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| (30 ILCS 805/8.31 new) |
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| Sec. 8.31. Exempt mandate. Notwithstanding Sections 6 and 8 |
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| of this Act, no reimbursement by the State is required for the |
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| implementation of any mandate created by this amendatory Act of |
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| the 95th General Assembly.
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