Illinois General Assembly - Full Text of HB1627
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Full Text of HB1627  93rd General Assembly

HB1627 93rd General Assembly


093_HB1627

 
                                     LRB093 06807 LRD 06949 b

 1        AN ACT in relation to public employee benefits.

 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 3-110.6 and 14-110 as follows:

 6        (40 ILCS 5/3-110.6) (from Ch. 108 1/2, par. 3-110.6)
 7        Sec. 3-110.6.  Transfer to Article 14 System.
 8        (a)  Any active member of the State Employees' Retirement
 9    System who is an investigator for the Office of  the  State's
10    Attorneys  Appellate  Prosecutor,  or  a controlled substance
11    inspector, or  a  current  or  former  investigator  for  the
12    Department  of  Revenue  may apply for transfer of his or her
13    creditable service accumulated in  any  police  pension  fund
14    under  this Article to the State Employees' Retirement System
15    in accordance with Section 14-110.   The  creditable  service
16    shall  be transferred only upon payment by the police pension
17    fund to the State Employees' Retirement System of  an  amount
18    equal to:
19             (1)  the  amounts  accumulated  to the credit of the
20        applicant on the  books  of  the  fund  on  the  date  of
21        transfer; and
22             (2)  employer  contributions  in  an amount equal to
23        the amount determined under subparagraph (1); and
24             (3)  any interest paid by the applicant in order  to
25        reinstate service.
26    Participation  in  the police pension fund shall terminate on
27    the date of transfer.
28        (b)  Any such investigator  or  inspector  may  reinstate
29    service  which  was  terminated  by  receipt  of a refund, by
30    paying to the police pension fund the amount  of  the  refund
31    with  interest thereon at the rate of 6% per year, compounded
 
                            -2-      LRB093 06807 LRD 06949 b
 1    annually, from the date of refund to the date of payment.
 2    (Source: P.A. 90-32, eff. 6-27-97.)

 3        (40 ILCS 5/14-110) (from Ch. 108 1/2, par. 14-110)
 4        Sec. 14-110.  Alternative retirement annuity.
 5        (a)  Any member who has withdrawn from service  with  not
 6    less  than  20  years  of eligible creditable service and has
 7    attained age 55,  and  any  member  who  has  withdrawn  from
 8    service  with  not  less than 25 years of eligible creditable
 9    service and has attained age 50, regardless  of  whether  the
10    attainment  of  either of the specified ages occurs while the
11    member is still in service, shall be entitled to  receive  at
12    the  option  of the member, in lieu of the regular or minimum
13    retirement  annuity,  a  retirement   annuity   computed   as
14    follows:
15             (i)  for   periods   of   service  as  a  noncovered
16        employee: if retirement occurs on  or  after  January  1,
17        2001,  3%  of final average compensation for each year of
18        creditable service; if retirement occurs  before  January
19        1, 2001, 2 1/4% of final average compensation for each of
20        the first 10 years of creditable service, 2 1/2% for each
21        year  above  10  years  to  and  including  20  years  of
22        creditable   service,   and  2  3/4%  for  each  year  of
23        creditable service above 20 years; and
24             (ii)  for periods of eligible creditable service  as
25        a  covered  employee:  if  retirement  occurs on or after
26        January 1, 2001, 2.5% of final average  compensation  for
27        each  year  of  creditable  service; if retirement occurs
28        before  January  1,  2001,   1.67%   of   final   average
29        compensation  for  each  of  the  first  10 years of such
30        service, 1.90% for each of the  next  10  years  of  such
31        service, 2.10% for each year of such service in excess of
32        20  but  not  exceeding  30,  and  2.30% for each year in
33        excess of 30.
 
                            -3-      LRB093 06807 LRD 06949 b
 1        Such annuity shall be subject to  a  maximum  of  75%  of
 2    final   average  compensation  if  retirement  occurs  before
 3    January 1, 2001 or to a  maximum  of  80%  of  final  average
 4    compensation  if  retirement  occurs  on  or after January 1,
 5    2001.
 6        These rates  shall  not  be  applicable  to  any  service
 7    performed  by  a  member  as  a covered employee which is not
 8    eligible creditable service.  Service as a  covered  employee
 9    which  is not eligible creditable service shall be subject to
10    the rates and provisions of Section 14-108.
11        (b)  For  the  purpose   of   this   Section,   "eligible
12    creditable  service"  means creditable service resulting from
13    service in one or more of the following positions:
14             (1)  State policeman;
15             (2)  fire fighter in the fire protection service  of
16        a department;
17             (3)  air pilot;
18             (4)  special agent;
19             (5)  investigator for the Secretary of State;
20             (6)  conservation police officer;
21             (7)  investigator for the Department of Revenue;
22             (8)  security  employee  of  the Department of Human
23        Services;
24             (9)  Central  Management  Services  security  police
25        officer;
26             (10)  security  employee  of   the   Department   of
27        Corrections;
28             (11)  dangerous drugs investigator;
29             (12)  investigator   for  the  Department  of  State
30        Police;
31             (13)  investigator for the Office  of  the  Attorney
32        General;
33             (14)  controlled substance inspector;
34             (15)  investigator  for  the  Office  of the State's
 
                            -4-      LRB093 06807 LRD 06949 b
 1        Attorneys Appellate Prosecutor;
 2             (16)  Commerce Commission police officer;
 3             (17)  arson investigator;
 4             (18)  State highway maintenance worker.
 5        A person employed in one of the  positions  specified  in
 6    this  subsection  is  entitled to eligible creditable service
 7    for service credit earned under this Article while undergoing
 8    the basic police training course approved by the Illinois Law
 9    Enforcement Training Standards Board, if completion  of  that
10    training is required of persons serving in that position. For
11    the  purposes of this Code, service during the required basic
12    police training course shall be  deemed  performance  of  the
13    duties  of  the specified position, even though the person is
14    not a sworn peace officer at the time of the training.
15        (c)  For the purposes of this Section:
16             (1)  The term "state policeman" includes  any  title
17        or  position  in  the  Department of State Police that is
18        held by an individual employed  under  the  State  Police
19        Act.
20             (2)  The  term  "fire fighter in the fire protection
21        service of a department" includes all  officers  in  such
22        fire   protection   service  including  fire  chiefs  and
23        assistant fire chiefs.
24             (3)  The term  "air  pilot"  includes  any  employee
25        whose  official job description on file in the Department
26        of Central Management Services, or in the  department  by
27        which he is employed if that department is not covered by
28        the Personnel Code, states that his principal duty is the
29        operation  of  aircraft,  and  who  possesses  a  pilot's
30        license;  however,  the change in this definition made by
31        this amendatory Act of 1983 shall not operate to  exclude
32        any  noncovered  employee  who was an "air pilot" for the
33        purposes of this Section on January 1, 1984.
34             (4)  The term "special agent" means any  person  who
 
                            -5-      LRB093 06807 LRD 06949 b
 1        by  reason  of  employment  by  the  Division of Narcotic
 2        Control, the Bureau of Investigation or,  after  July  1,
 3        1977,   the   Division  of  Criminal  Investigation,  the
 4        Division  of  Internal  Investigation,  the  Division  of
 5        Operations,  or  any  other  Division  or  organizational
 6        entity in the Department of State Police is vested by law
 7        with  duties  to  maintain  public   order,   investigate
 8        violations of the criminal law of this State, enforce the
 9        laws  of  this  State, make arrests and recover property.
10        The term "special agent" includes any title  or  position
11        in  the  Department  of  State  Police that is held by an
12        individual employed under the State Police Act.
13             (5)  The term "investigator  for  the  Secretary  of
14        State"  means  any  person  employed by the Office of the
15        Secretary of State and  vested  with  such  investigative
16        duties  as  render  him ineligible for coverage under the
17        Social Security Act by reason of  Sections  218(d)(5)(A),
18        218(d)(8)(D) and 218(l)(1) of that Act.
19             A  person who became employed as an investigator for
20        the Secretary  of  State  between  January  1,  1967  and
21        December  31,  1975,  and  who  has  served as such until
22        attainment of age  60,  either  continuously  or  with  a
23        single  break  in  service  of  not  more  than  3  years
24        duration,  which break terminated before January 1, 1976,
25        shall  be  entitled  to  have  his   retirement   annuity
26        calculated     in   accordance   with   subsection   (a),
27        notwithstanding that he has less than 20 years of  credit
28        for such service.
29             (6)  The  term  "Conservation  Police Officer" means
30        any person employed by the Division of Law Enforcement of
31        the Department of Natural Resources and vested with  such
32        law  enforcement  duties  as  render  him  ineligible for
33        coverage under the  Social  Security  Act  by  reason  of
34        Sections  218(d)(5)(A),  218(d)(8)(D),  and  218(l)(1) of
 
                            -6-      LRB093 06807 LRD 06949 b
 1        that  Act.   The  term  "Conservation   Police   Officer"
 2        includes  the  positions  of  Chief  Conservation  Police
 3        Administrator    and    Assistant   Conservation   Police
 4        Administrator.
 5             (7)  The term "investigator for  the  Department  of
 6        Revenue"  means  any person employed by the Department of
 7        Revenue and vested  with  such  investigative  duties  as
 8        render  him  ineligible  for  coverage  under  the Social
 9        Security  Act  by  reason   of   Sections   218(d)(5)(A),
10        218(d)(8)(D) and 218(l)(1) of that Act.
11             (8)  The  term  "security employee of the Department
12        of Human Services"  means  any  person  employed  by  the
13        Department  of  Human Services who (i) is employed at the
14        Chester Mental Health Center and has daily  contact  with
15        the residents thereof, (ii) is employed within a security
16        unit  at  a  facility  operated by the Department and has
17        daily contact with the residents of  the  security  unit,
18        (iii)   is   employed  at  a  facility  operated  by  the
19        Department that includes a security unit and is regularly
20        scheduled to work at least 50%  of  his  or  her  working
21        hours  within  that  security  unit,  or (iv) is a mental
22        health police officer.  "Mental  health  police  officer"
23        means  any  person  employed  by  the Department of Human
24        Services in a position  pertaining  to  the  Department's
25        mental  health  and  developmental disabilities functions
26        who is vested with such law enforcement duties as  render
27        the  person  ineligible  for  coverage  under  the Social
28        Security  Act  by  reason   of   Sections   218(d)(5)(A),
29        218(d)(8)(D)  and 218(l)(1) of that Act.  "Security unit"
30        means that portion of a facility that is devoted  to  the
31        care,  containment, and treatment of persons committed to
32        the Department of  Human  Services  as  sexually  violent
33        persons,  persons  unfit  to  stand trial, or persons not
34        guilty by reason  of  insanity.   With  respect  to  past
 
                            -7-      LRB093 06807 LRD 06949 b
 1        employment,   references   to  the  Department  of  Human
 2        Services  include  its  predecessor,  the  Department  of
 3        Mental Health and Developmental Disabilities.
 4             The changes  made  to  this  subdivision  (c)(8)  by
 5        Public  Act 92-14 apply to persons who retire on or after
 6        January 1, 2001, notwithstanding Section 1-103.1.
 7             (9)  "Central Management  Services  security  police
 8        officer"  means  any person employed by the Department of
 9        Central Management Services who is vested with  such  law
10        enforcement  duties as render him ineligible for coverage
11        under the Social  Security  Act  by  reason  of  Sections
12        218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
13             (10)  The  term "security employee of the Department
14        of Corrections" means any employee of the  Department  of
15        Corrections  or  the  former Department of Personnel, and
16        any member or employee of the Prisoner Review Board,  who
17        has  daily  contact  with  inmates  by  working  within a
18        correctional facility or who is a parole  officer  or  an
19        employee who has direct contact with committed persons in
20        the performance of his or her job duties.
21             (11)  The  term "dangerous drugs investigator" means
22        any person who is employed as such by the  Department  of
23        Human Services.
24             (12)  The  term  "investigator for the Department of
25        State Police" means a person employed by  the  Department
26        of  State  Police  who  is  vested under Section 4 of the
27        Narcotic Control Division Abolition  Act  with  such  law
28        enforcement  powers as render him ineligible for coverage
29        under the Social  Security  Act  by  reason  of  Sections
30        218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that Act.
31             (13)  "Investigator  for  the Office of the Attorney
32        General" means any person who is employed as such by  the
33        Office  of  the  Attorney General and is vested with such
34        investigative  duties  as  render  him   ineligible   for
 
                            -8-      LRB093 06807 LRD 06949 b
 1        coverage  under  the  Social  Security  Act  by reason of
 2        Sections 218(d)(5)(A), 218(d)(8)(D) and 218(l)(1) of that
 3        Act.  For the period before January  1,  1989,  the  term
 4        includes  all  persons who were employed as investigators
 5        by the Office of the Attorney General, without regard  to
 6        social security status.
 7             (14)  "Controlled  substance  inspector"  means  any
 8        person  who  is  employed  as  such  by the Department of
 9        Professional Regulation  and  is  vested  with  such  law
10        enforcement  duties as render him ineligible for coverage
11        under the Social  Security  Act  by  reason  of  Sections
12        218(d)(5)(A),  218(d)(8)(D)  and  218(l)(1)  of that Act.
13        The term "controlled substance  inspector"  includes  the
14        Program   Executive  of  Enforcement  and  the  Assistant
15        Program Executive of Enforcement.
16             (15)  The term "investigator for the Office  of  the
17        State's  Attorneys  Appellate  Prosecutor" means a person
18        employed in that capacity on a full time basis under  the
19        authority  of  Section  7.06  of  the  State's  Attorneys
20        Appellate Prosecutor's Act.
21             (16)  "Commerce Commission police officer" means any
22        person  employed  by the Illinois Commerce Commission who
23        is vested with such law enforcement duties as render  him
24        ineligible  for coverage under the Social Security Act by
25        reason  of  Sections  218(d)(5)(A),   218(d)(8)(D),   and
26        218(l)(1) of that Act.
27             (17)  "Arson  investigator"  means any person who is
28        employed as such by the Office of the State Fire  Marshal
29        and  is vested with such law enforcement duties as render
30        the person  ineligible  for  coverage  under  the  Social
31        Security   Act   by   reason  of  Sections  218(d)(5)(A),
32        218(d)(8)(D), and 218(l)(1) of that Act.   A  person  who
33        was  employed as an arson investigator on January 1, 1995
34        and is no longer in  service  but  not  yet  receiving  a
 
                            -9-      LRB093 06807 LRD 06949 b
 1        retirement  annuity  may  convert  his  or her creditable
 2        service for employment  as  an  arson  investigator  into
 3        eligible  creditable  service by paying to the System the
 4        difference between the  employee  contributions  actually
 5        paid  for  that  service  and the amounts that would have
 6        been contributed if the applicant  were  contributing  at
 7        the  rate  applicable  to  persons  with  the same social
 8        security status earning eligible  creditable  service  on
 9        the date of application.
10             (18)  The  term  "State  highway maintenance worker"
11        means a person who is either of the following:
12                  (i)  A person employed on a full-time basis  by
13             the  Illinois  Department  of  Transportation in the
14             position of highway maintainer, highway  maintenance
15             lead  worker,  highway maintenance lead/lead worker,
16             heavy construction equipment operator, power  shovel
17             operator,  or  bridge  mechanic; and whose principal
18             responsibility is to perform, on  the  roadway,  the
19             actual  maintenance  necessary  to keep the highways
20             that form a part of  the  State  highway  system  in
21             serviceable condition for vehicular traffic.
22                  (ii)  A person employed on a full-time basis by
23             the  Illinois  State  Toll  Highway Authority in the
24             position   of   equipment   operator/laborer    H-4,
25             equipment    operator/laborer    H-6,  welder   H-4,
26             welder      H-6,     mechanical/electrical      H-4,
27             mechanical/electrical    H-6,    water/sewer    H-4,
28             water/sewer   H-6,   sign   maker/hanger  H-4,  sign
29             maker/hanger  H-6,  roadway  lighting  H-4,  roadway
30             lighting  H-6,  structural  H-4,   structural   H-6,
31             painter  H-4,  or  painter  H-6; and whose principal
32             responsibility is to perform, on  the  roadway,  the
33             actual maintenance necessary to keep the Authority's
34             tollways  in  serviceable  condition  for  vehicular
 
                            -10-     LRB093 06807 LRD 06949 b
 1             traffic.
 2        (d)  A   security   employee   of   the   Department   of
 3    Corrections,  and  a  security  employee of the Department of
 4    Human Services who is not a  mental  health  police  officer,
 5    shall  not be eligible for the alternative retirement annuity
 6    provided by this Section unless he or she meets the following
 7    minimum  age  and  service  requirements  at  the   time   of
 8    retirement:
 9             (i)  25 years of eligible creditable service and age
10        55; or
11             (ii)  beginning   January   1,  1987,  25  years  of
12        eligible creditable service and age 54, or  24  years  of
13        eligible creditable service and age 55; or
14             (iii)  beginning   January  1,  1988,  25  years  of
15        eligible creditable service and age 53, or  23  years  of
16        eligible creditable service and age 55; or
17             (iv)  beginning   January   1,  1989,  25  years  of
18        eligible creditable service and age 52, or  22  years  of
19        eligible creditable service and age 55; or
20             (v)  beginning January 1, 1990, 25 years of eligible
21        creditable  service  and  age 51, or 21 years of eligible
22        creditable service and age 55; or
23             (vi)  beginning  January  1,  1991,  25   years   of
24        eligible  creditable  service  and age 50, or 20 years of
25        eligible creditable service and age 55.
26        Persons who have service credit under Article 16 of  this
27    Code  for service as a security employee of the Department of
28    Corrections or the Department of Human Services in a position
29    requiring certification as a teacher may count  such  service
30    toward  establishing  their  eligibility  under  the  service
31    requirements  of  this  Section; but such service may be used
32    only for establishing  such  eligibility,  and  not  for  the
33    purpose of increasing or calculating any benefit.
34        (e)  If a member enters military service while working in
 
                            -11-     LRB093 06807 LRD 06949 b
 1    a  position  in  which  eligible  creditable  service  may be
 2    earned, and returns to State service in the same  or  another
 3    such  position,  and  fulfills  in  all  other  respects  the
 4    conditions prescribed in this Article for credit for military
 5    service,  such military service shall be credited as eligible
 6    creditable service for the purposes of the retirement annuity
 7    prescribed in this Section.
 8        (f)  For purposes  of  calculating  retirement  annuities
 9    under   this  Section,  periods  of  service  rendered  after
10    December 31, 1968 and before October 1,  1975  as  a  covered
11    employee  in  the  position  of  special  agent, conservation
12    police officer, mental health police officer, or investigator
13    for the Secretary of State, shall  be  deemed  to  have  been
14    service  as a noncovered employee, provided that the employee
15    pays to the System prior to retirement an amount equal to (1)
16    the difference between the employee contributions that  would
17    have been required for such service as a noncovered employee,
18    and  the amount of employee contributions actually paid, plus
19    (2) if payment is made after July 31, 1987, regular  interest
20    on  the amount specified in item (1) from the date of service
21    to the date of payment.
22        For purposes of calculating  retirement  annuities  under
23    this  Section, periods of service rendered after December 31,
24    1968 and before January 1, 1982 as a covered employee in  the
25    position  of investigator for the Department of Revenue shall
26    be deemed to have been  service  as  a  noncovered  employee,
27    provided  that  the  employee  pays  to  the  System prior to
28    retirement an amount equal to (1) the difference between  the
29    employee contributions that would have been required for such
30    service  as a noncovered employee, and the amount of employee
31    contributions actually paid, plus  (2)  if  payment  is  made
32    after  January  1,  1990,  regular  interest  on  the  amount
33    specified in item (1) from the date of service to the date of
34    payment.
 
                            -12-     LRB093 06807 LRD 06949 b
 1        (g)  A  State policeman may elect, not later than January
 2    1, 1990, to establish eligible creditable service for  up  to
 3    10  years  of  his service as a policeman under Article 3, by
 4    filing a written election  with  the  Board,  accompanied  by
 5    payment  of an amount to be determined by the Board, equal to
 6    (i)  the  difference  between  the  amount  of  employee  and
 7    employer  contributions  transferred  to  the  System   under
 8    Section  3-110.5,  and  the  amounts  that  would  have  been
 9    contributed  had  such  contributions  been made at the rates
10    applicable to State policemen, plus (ii) interest thereon  at
11    the  effective  rate for each year, compounded annually, from
12    the date of service to the date of payment.
13        Subject to the limitation  in  subsection  (i),  a  State
14    policeman  may  elect,  not  later  than  July  1,  1993,  to
15    establish  eligible  creditable service for up to 10 years of
16    his service as a member of the County Police Department under
17    Article 9, by filing  a  written  election  with  the  Board,
18    accompanied  by  payment of an amount to be determined by the
19    Board, equal to (i) the  difference  between  the  amount  of
20    employee and employer contributions transferred to the System
21    under  Section  9-121.10 and the amounts that would have been
22    contributed had those contributions been made  at  the  rates
23    applicable  to State policemen, plus (ii) interest thereon at
24    the effective rate for each year, compounded  annually,  from
25    the date of service to the date of payment.
26        (h)  Subject to the limitation in subsection (i), a State
27    policeman  or  investigator  for  the  Secretary of State may
28    elect to establish eligible creditable service for up  to  12
29    years  of  his  service  as  a  policeman under Article 5, by
30    filing a written election with the Board on or before January
31    31, 1992, and paying to the System by  January  31,  1994  an
32    amount  to  be  determined  by  the  Board,  equal to (i) the
33    difference  between  the  amount  of  employee  and  employer
34    contributions transferred to the System under Section  5-236,
 
                            -13-     LRB093 06807 LRD 06949 b
 1    and  the  amounts  that  would have been contributed had such
 2    contributions been made at  the  rates  applicable  to  State
 3    policemen,  plus  (ii) interest thereon at the effective rate
 4    for each year, compounded annually, from the date of  service
 5    to the date of payment.
 6        Subject  to  the  limitation  in  subsection (i), a State
 7    policeman, conservation police officer, or  investigator  for
 8    the  Secretary  of  State  may  elect  to  establish eligible
 9    creditable service for  up  to  10  years  of  service  as  a
10    sheriff's law enforcement employee under Article 7, by filing
11    a  written  election  with the Board on or before January 31,
12    1993, and paying to the System by January 31, 1994 an  amount
13    to  be  determined  by the Board, equal to (i) the difference
14    between the amount of  employee  and  employer  contributions
15    transferred  to  the  System  under  Section 7-139.7, and the
16    amounts  that  would   have   been   contributed   had   such
17    contributions  been  made  at  the  rates applicable to State
18    policemen, plus (ii) interest thereon at the  effective  rate
19    for  each year, compounded annually, from the date of service
20    to the date of payment.
21        (i)  The total  amount  of  eligible  creditable  service
22    established  by  any  person under subsections (g), (h), (j),
23    (k), and (l), and (m) of this Section  shall  not  exceed  12
24    years.
25        (j)  Subject  to  the  limitation  in  subsection (i), an
26    investigator  for  the  Office  of  the   State's   Attorneys
27    Appellate  Prosecutor or a controlled substance inspector may
28    elect to establish eligible creditable service for up  to  10
29    years  of  his  service  as  a policeman under Article 3 or a
30    sheriff's law enforcement employee under Article 7, by filing
31    a written election with the Board, accompanied by payment  of
32    an  amount  to  be  determined by the Board, equal to (1) the
33    difference  between  the  amount  of  employee  and  employer
34    contributions transferred to the System under Section 3-110.6
 
                            -14-     LRB093 06807 LRD 06949 b
 1    or 7-139.8, and the amounts that would have been  contributed
 2    had  such  contributions been made at the rates applicable to
 3    State policemen, plus (2) interest thereon at  the  effective
 4    rate  for  each  year,  compounded annually, from the date of
 5    service to the date of payment.
 6        (k)  Subject to the limitation in subsection (i) of  this
 7    Section,   an  alternative  formula  employee  may  elect  to
 8    establish eligible creditable service for periods spent as  a
 9    full-time  law  enforcement  officer or full-time corrections
10    officer employed by the federal government or by a  state  or
11    local  government  located  outside  of  Illinois,  for which
12    credit is not held in any other public employee pension  fund
13    or  retirement  system.  To obtain this credit, the applicant
14    must file a written application with the Board by  March  31,
15    1998,  accompanied  by  evidence of eligibility acceptable to
16    the Board and payment of an amount to be  determined  by  the
17    Board,  equal  to  (1)  employee contributions for the credit
18    being established, based upon the applicant's salary  on  the
19    first  day  as  an  alternative  formula  employee  after the
20    employment for which credit  is  being  established  and  the
21    rates  then applicable to alternative formula employees, plus
22    (2) an amount determined by the Board to  be  the  employer's
23    normal  cost  of  the  benefits  accrued for the credit being
24    established, plus (3) regular  interest  on  the  amounts  in
25    items  (1)  and  (2)  from  the  first  day as an alternative
26    formula employee after the employment  for  which  credit  is
27    being established to the date of payment.
28        (l)  Subject  to  the  limitation  in  subsection  (i), a
29    security employee of the Department of Corrections may elect,
30    not later than July 1, 1998, to establish eligible creditable
31    service for up to 10  years  of  his  or  her  service  as  a
32    policeman  under Article 3, by filing a written election with
33    the  Board,  accompanied  by  payment  of  an  amount  to  be
34    determined by the Board, equal to (i) the difference  between
 
                            -15-     LRB093 06807 LRD 06949 b
 1    the amount of employee and employer contributions transferred
 2    to  the  System  under  Section 3-110.5, and the amounts that
 3    would have been contributed had such contributions been  made
 4    at   the  rates  applicable  to  security  employees  of  the
 5    Department of Corrections, plus (ii) interest thereon at  the
 6    effective  rate  for each year, compounded annually, from the
 7    date of service to the date of payment.
 8        (m)  Subject to the  limitation  in  subsection  (i),  an
 9    active  contributor  to the System who is a current or former
10    investigator for the  Department  of  Revenue  may  elect  to
11    establish  eligible  creditable service for up to 12 years of
12    service as a police officer  under  Article  3  by  filing  a
13    written  election  with  the  Board  before  January 1, 2004,
14    accompanied by payment of an amount to be determined  by  the
15    Board,  equal  to  (1)  the  difference between the amount of
16    employee and employer contributions transferred to the System
17    under Section 3-110.6 and the amounts that  would  have  been
18    contributed  for  that  service  had those contributions been
19    made at the rates then applicable to  Department  of  Revenue
20    investigators,  plus  (2)  interest  thereon at the effective
21    rate for each year, compounded annually,  from  the  date  of
22    service to the date of payment.
23    (Source: P.A.  91-357,  eff.  7-29-99;  91-760,  eff. 1-1-01;
24    92-14,  eff.  6-28-01;  92-257,  eff.  8-6-01;  92-651,  eff.
25    7-11-02.)

26        Section 99.  Effective date.  This Act takes effect  upon
27    becoming law.