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Rep. Michael W. Tryon
Filed: 3/12/2013
| | 09800HB1042ham002 | | LRB098 07361 EFG 42303 a |
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1 | | AMENDMENT TO HOUSE BILL 1042
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2 | | AMENDMENT NO. ______. Amend House Bill 1042 on page 1, in |
3 | | line 8, by changing "60" to " 180 60 "; and |
4 | | on page 1, in line 19, by changing "payment." to "payment , plus |
5 | | (iii) if the board determines that the amount transferred is |
6 | | less than the true cost to the Fund of allowing that creditable |
7 | | service to be established, then in order to establish that |
8 | | creditable service, the member must pay to the Fund an |
9 | | additional contribution equal to the difference, as determined |
10 | | by the board in accordance with the rules and procedures |
11 | | adopted under this Section. If the member does not make the |
12 | | full additional payment as required by this Section prior to |
13 | | termination of his or her participation with that employer, |
14 | | then his or her creditable service shall be reduced by an |
15 | | amount equal to the difference between the amount transferred |
16 | | under Section 3-110.3, including any payments made by the |
17 | | member under this paragraph prior to termination, and the true |