(40 ILCS 5/18-112.4) (from Ch. 108 1/2, par. 18-112.4)
Sec. 18-112.4.
Service credit for elected or appointed village
official. An active participant in this System who has at least 6 years of
service as a judge and as a participant of this System on August 23,
1989, and who has no creditable service as a participating employee under
Article 7 of this Code, may establish service credit in this System: (i) for
periods during which the participant held elective office as a member of
the board of trustees of a village, and (ii) for any consecutive period not
exceeding 5 years during which the participant held appointive office as a
member of the zoning board of appeals of the same village in which the
participant later held elective office as village trustee, provided such
period of appointive office terminated within 12 months prior to the date
such period of elective office commenced.
Service credit in this System may be established pursuant to this Section
only if the participant did not contribute to the retirement and benefit fund
established under Article 7 of this Code for the service sought to be
established by the participant in this System, and only if the participant
has no equity or rights in that fund because of such service.
Credit for such service may be established in this System by the
participant paying to this System an amount equal to (1) contributions
at the rate in effect for a judge on the date of becoming a participant in this
System multiplied by the salary of the judge on such date for each year of
service for which credit is being established, plus (2) the employer's
share of the normal cost of benefits under this System, expressed as a
percent of payroll, as determined by the System's actuary as of the date of
the participant's membership in the System, multiplied by the salary of the
judge on such date for each year of service for which credit is being
established, plus (3) interest on (1) and (2) above at 6% per annum
compounded annually from the date of membership to the date of payment by
the participant.
(Source: P.A. 86-273; 86-1028.)
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