(40 ILCS 5/3-110.2) (from Ch. 108 1/2, par. 3-110.2)
Sec. 3-110.2.
Transfer of creditable service to General Assembly Retirement
System. (a) An active member of the General Assembly Retirement
System may apply to transfer his or her credits and
creditable service accumulated
in any police pension fund under this Article to the General Assembly Retirement
System. Such transfer shall be made forthwith. Payment by the police
pension fund to
the General Assembly Retirement System shall be made at the same time and
shall consist of:
(1) the amounts credited to the
applicant, through employee contributions on the date of transfer; and
(2) municipality contributions equal to the accumulated employee contributions
as determined under subparagraph (1) above. Participation in the
police pension fund shall terminate on the date of transfer.
(b) An active member of the General Assembly may reinstate service and
creditable service terminated upon receipt of a refund, by payment
to the fund of the amount of the refund together with interest thereon
at the rate of 6% per year to the date of payment.
(Source: P.A. 83-1440.)
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